Keybank National Association OH Reduces Position in Xcel Energy Inc. (NASDAQ:XEL)

Keybank National Association OH decreased its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 2.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 19,256 shares of the company’s stock after selling 448 shares during the quarter. Keybank National Association OH’s holdings in Xcel Energy were worth $1,300,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of XEL. Dakota Wealth Management grew its holdings in shares of Xcel Energy by 0.7% in the fourth quarter. Dakota Wealth Management now owns 23,130 shares of the company’s stock valued at $1,562,000 after purchasing an additional 151 shares during the period. Rothschild Investment LLC grew its holdings in shares of Xcel Energy by 26.0% in the fourth quarter. Rothschild Investment LLC now owns 731 shares of the company’s stock valued at $49,000 after purchasing an additional 151 shares during the period. GenTrust LLC grew its holdings in shares of Xcel Energy by 4.5% in the fourth quarter. GenTrust LLC now owns 3,602 shares of the company’s stock valued at $243,000 after purchasing an additional 155 shares during the period. Integris Wealth Management LLC grew its holdings in shares of Xcel Energy by 2.6% in the fourth quarter. Integris Wealth Management LLC now owns 6,323 shares of the company’s stock valued at $427,000 after purchasing an additional 160 shares during the period. Finally, Bond & Devick Financial Network Inc. grew its holdings in shares of Xcel Energy by 1.1% in the third quarter. Bond & Devick Financial Network Inc. now owns 15,972 shares of the company’s stock valued at $1,043,000 after purchasing an additional 168 shares during the period. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Analysts Set New Price Targets

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

Xcel Energy Price Performance

XEL stock opened at $68.00 on Friday. The business has a 50 day moving average price of $67.57 and a 200 day moving average price of $66.41. The stock has a market cap of $39.07 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 2.62 and a beta of 0.37. Xcel Energy Inc. has a fifty-two week low of $49.89 and a fifty-two week high of $73.38. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Thursday, February 6th. The company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. Equities research analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, April 20th. Shareholders of record on Friday, March 14th will be given a dividend of $0.57 per share. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.55. The ex-dividend date is Friday, March 14th. This represents a $2.28 annualized dividend and a yield of 3.35%. Xcel Energy’s payout ratio is 66.28%.

Xcel Energy Company 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.