Charles Schwab Investment Management Inc. boosted its holdings in Xcel Energy Inc. (NASDAQ:XEL – Get Rating) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,656,236 shares of the company’s stock after purchasing an additional 97,818 shares during the period. Charles Schwab Investment Management Inc. owned about 0.49% of Xcel Energy worth $179,827,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Future Financial Wealth Managment LLC acquired a new stake in Xcel Energy during the fourth quarter valued at approximately $26,000. Equitec Proprietary Markets LLC acquired a new stake in shares of Xcel Energy during the 4th quarter worth approximately $27,000. TAP Consulting LLC acquired a new stake in shares of Xcel Energy during the 4th quarter worth approximately $28,000. Industrial Alliance Investment Management Inc. acquired a new stake in shares of Xcel Energy during the 4th quarter worth approximately $28,000. Finally, Allegheny Financial Group LTD acquired a new stake in shares of Xcel Energy during the 4th quarter worth approximately $30,000. 75.14% of the stock is owned by hedge funds and other institutional investors.
In other Xcel Energy news, SVP Frank P. Prager sold 1,000 shares of the firm’s stock in a transaction dated Friday, April 29th. The stock was sold at an average price of $73.58, for a total transaction of $73,580.00. Following the transaction, the senior vice president now directly owns 29,174 shares in the company, valued at $2,146,622.92. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.05% of the stock is owned by company insiders.
Xcel Energy (NASDAQ:XEL – Get Rating) last announced its quarterly earnings data on Thursday, April 28th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.02. Xcel Energy had a return on equity of 10.54% and a net margin of 11.84%. The business had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.42 billion. During the same period last year, the company earned $0.67 earnings per share. Xcel Energy’s quarterly revenue was up 5.9% compared to the same quarter last year. Analysts expect that Xcel Energy Inc. will post 3.16 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 20th. Investors of record on Wednesday, June 15th will be issued a dividend of $0.4875 per share. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $1.95 annualized dividend and a dividend yield of 2.63%. Xcel Energy’s dividend payout ratio is 65.22%.
A number of analysts have recently weighed in on XEL shares. Evercore ISI upgraded Xcel Energy from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $70.00 to $75.00 in a research report on Tuesday, January 25th. Credit Suisse Group assumed coverage on Xcel Energy in a research report on Monday, April 25th. They set an “outperform” rating and a $80.00 price target on the stock. KeyCorp raised their target price on Xcel Energy from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, April 20th. Finally, Morgan Stanley raised their target price on Xcel Energy from $69.00 to $75.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 20th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $74.40.
Xcel Energy Profile (Get Rating)
Xcel Energy Inc, through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources.
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