Moloney Securities Asset Management LLC grew its holdings in Xcel Energy Inc (NYSE:XEL) by 10.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,172 shares of the utilities provider’s stock after buying an additional 1,435 shares during the period. Moloney Securities Asset Management LLC’s holdings in Xcel Energy were worth $963,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. JJJ Advisors Inc. bought a new stake in shares of Xcel Energy in the 3rd quarter worth about $28,000. Manchester Financial Inc. bought a new stake in shares of Xcel Energy in the 4th quarter worth about $28,000. Braun Bostich & Associates Inc. bought a new stake in shares of Xcel Energy in the 4th quarter worth about $28,000. Gs Investments Inc. lifted its holdings in shares of Xcel Energy by 404.0% in the 3rd quarter. Gs Investments Inc. now owns 504 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 404 shares during the last quarter. Finally, Capital Advisors Ltd. LLC bought a new stake in shares of Xcel Energy in the 3rd quarter worth about $40,000. 73.96% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on XEL shares. Wells Fargo & Co raised their target price on shares of Xcel Energy from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. KeyCorp lowered their target price on shares of Xcel Energy from $73.00 to $66.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Bank of America upgraded shares of Xcel Energy from an “underperform” rating to a “neutral” rating and set a $70.00 target price for the company in a report on Friday, January 31st. Goldman Sachs Group started coverage on shares of Xcel Energy in a report on Sunday, December 15th. They issued a “neutral” rating and a $59.00 target price for the company. Finally, Cfra raised their target price on shares of Xcel Energy from $62.00 to $64.00 and gave the stock a “sell” rating in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $64.85.
Shares of XEL opened at $70.26 on Friday. Xcel Energy Inc has a 1-year low of $53.26 and a 1-year high of $70.40. The company has a 50-day moving average of $65.76 and a 200 day moving average of $63.47.
Xcel Energy (NYSE:XEL) last announced its quarterly earnings data on Thursday, January 30th. The utilities provider reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter in the previous year, the business earned $0.42 EPS. The company’s quarterly revenue was down 2.8% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, January 20th. Investors of record on Thursday, December 26th were issued a dividend of $0.405 per share. The ex-dividend date of this dividend was Tuesday, December 24th. This represents a $1.62 dividend on an annualized basis and a yield of 2.31%.
About Xcel Energy
Xcel Energy Inc is a public utility holding company. The Company’s operations include the activity of four utility subsidiaries that serve electric and natural gas customers in eight states. The Company’s segments include regulated electric utility, regulated natural gas utility and all other. The Company’s utility subsidiaries include NSP-Minnesota, NSP-Wisconsin, Public Service Company of Colorado (PSCo) and Southwestern Public Service Co (SPS), which serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.
Recommended Story: Limitations of the P/E Growth ratio
Want to see what other hedge funds are holding XEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xcel Energy Inc (NYSE:XEL).
Receive News & Ratings for Xcel Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xcel Energy and related companies with MarketBeat.com's FREE daily email newsletter.