Reinhart Partners LLC. Sells 32,702 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Reinhart Partners LLC. cut its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 18.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 146,311 shares of the company’s stock after selling 32,702 shares during the quarter. Reinhart Partners LLC.’s holdings in Xcel Energy were worth $9,879,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in shares of Xcel Energy during the third quarter valued at approximately $25,000. Transcendent Capital Group LLC bought a new stake in Xcel Energy in the third quarter worth $33,000. Kimelman & Baird LLC bought a new stake in Xcel Energy in the second quarter worth $35,000. West Financial Advisors LLC bought a new stake in Xcel Energy in the third quarter worth $43,000. Finally, Friedenthal Financial bought a new stake in Xcel Energy in the third quarter worth $50,000. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Stock Performance

Xcel Energy stock traded up $0.49 during mid-day trading on Monday, reaching $63.86. 1,257,027 shares of the stock traded hands, compared to its average volume of 3,272,900. The stock has a market capitalization of $36.67 billion, a PE ratio of 18.95, a price-to-earnings-growth ratio of 2.79 and a beta of 0.42. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. Xcel Energy Inc. has a 12-month low of $46.79 and a 12-month high of $73.38. The business’s 50-day moving average is $68.54 and its 200-day moving average is $63.23.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.01). The firm had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The firm’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the company posted $1.23 EPS. As a group, sell-side analysts predict that Xcel Energy Inc. will post 3.54 EPS for the current fiscal year.

Xcel Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Monday, January 6th will be issued a dividend of $0.5475 per share. This represents a $2.19 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend is Monday, January 6th. Xcel Energy’s dividend payout ratio is presently 64.99%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on XEL shares. KeyCorp boosted their target price on Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Barclays boosted their target price on Xcel Energy from $67.00 to $71.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Jefferies Financial Group raised Xcel Energy from a “hold” rating to a “buy” rating and boosted their target price for the stock from $71.00 to $76.00 in a report on Friday, November 1st. JPMorgan Chase & Co. raised Xcel Energy from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $69.00 to $80.00 in a report on Thursday, December 12th. Finally, UBS Group boosted their price target on Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.67.

About Xcel Energy

Xcel Energy Inc, through its subsidiaries, engages in the generation, purchasing, transmission, distribution, and sale of electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through wind, nuclear, hydroelectric, biomass, and solar energy sources, as well as coal, natural gas, oil, wood, and refuse-derived fuels.