Reaves W H & Co. Inc. Has $98.30 Million Stock Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Reaves W H & Co. Inc. raised its stake in Xcel Energy Inc. (NASDAQ:XEL) by 440.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,455,927 shares of the company’s stock after buying an additional 1,186,427 shares during the quarter. Xcel Energy accounts for about 2.6% of Reaves W H & Co. Inc.’s holdings, making the stock its 15th biggest position. Reaves W H & Co. Inc. owned approximately 0.25% of Xcel Energy worth $98,304,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. Mission Wealth Management LP grew its position in Xcel Energy by 6.7% in the fourth quarter. Mission Wealth Management LP now owns 14,523 shares of the company’s stock worth $981,000 after acquiring an additional 917 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Xcel Energy in the fourth quarter worth approximately $76,000. Jones Financial Companies Lllp grew its position in Xcel Energy by 35.8% in the fourth quarter. Jones Financial Companies Lllp now owns 14,825 shares of the company’s stock worth $1,001,000 after acquiring an additional 3,905 shares in the last quarter. SRS Capital Advisors Inc. grew its position in Xcel Energy by 190.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 11,743 shares of the company’s stock worth $793,000 after acquiring an additional 7,701 shares in the last quarter. Finally, Bailard Inc. grew its position in Xcel Energy by 3.0% in the fourth quarter. Bailard Inc. now owns 12,837 shares of the company’s stock worth $867,000 after acquiring an additional 370 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on XEL shares. Barclays decreased their target price on shares of Xcel Energy from $71.00 to $69.00 and set an “overweight” rating for the company in a research report on Wednesday, January 22nd. Wells Fargo & Company upped their price objective on shares of Xcel Energy from $72.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Morgan Stanley decreased their price objective on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. KeyCorp upped their price objective on shares of Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. raised shares of Xcel Energy from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $69.00 to $80.00 in a report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $69.91.

Xcel Energy Price Performance

NASDAQ:XEL opened at $71.90 on Tuesday. The stock has a market cap of $41.29 billion, a P/E ratio of 20.90, a PEG ratio of 2.62 and a beta of 0.43. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $73.38. The company has a fifty day moving average price of $67.53 and a 200 day moving average price of $66.26. 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 (NASDAQ:XEL) last announced its earnings results on Thursday, February 6th. The company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. Analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, April 20th. Stockholders of record on Friday, March 14th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.17%. The ex-dividend date is Friday, March 14th. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.55. Xcel Energy’s dividend payout ratio (DPR) is 66.28%.

Xcel Energy Profile

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.