Ilmarinen Mutual Pension Insurance Co Has $6.87 Million Position in Xcel Energy Inc. $XEL

Ilmarinen Mutual Pension Insurance Co reduced its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 51.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 93,000 shares of the company’s stock after selling 98,500 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in Xcel Energy were worth $6,869,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of XEL. Vanguard Group Inc. lifted its position in Xcel Energy by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 76,725,720 shares of the company’s stock valued at $6,187,929,000 after acquiring an additional 2,001,018 shares in the last quarter. Cibc World Market Inc. bought a new position in Xcel Energy in the 3rd quarter valued at about $6,994,000. BI Asset Management Fondsmaeglerselskab A S lifted its position in Xcel Energy by 86.6% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 41,406 shares of the company’s stock valued at $3,339,000 after acquiring an additional 19,214 shares in the last quarter. USA Financial Formulas lifted its position in Xcel Energy by 491.3% in the 4th quarter. USA Financial Formulas now owns 21,435 shares of the company’s stock valued at $1,583,000 after acquiring an additional 17,810 shares in the last quarter. Finally, Citigroup Inc. lifted its position in Xcel Energy by 135.3% in the 3rd quarter. Citigroup Inc. now owns 2,017,717 shares of the company’s stock valued at $162,729,000 after acquiring an additional 1,160,205 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on XEL. KeyCorp lifted their target price on shares of Xcel Energy from $89.00 to $90.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Morgan Stanley set a $87.00 target price on shares of Xcel Energy in a research report on Thursday, May 21st. BTIG Research set a $94.00 target price on shares of Xcel Energy in a research report on Friday, January 30th. Evercore reissued an “outperform” rating and set a $96.00 target price on shares of Xcel Energy in a research report on Monday, May 4th. Finally, BMO Capital Markets lifted their target price on shares of Xcel Energy from $90.00 to $94.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Xcel Energy has an average rating of “Buy” and a consensus target price of $90.63.

Xcel Energy Trading Down 2.1%

Shares of XEL stock opened at $79.26 on Friday. The company has a 50 day moving average of $79.83 and a 200-day moving average of $78.60. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.45. Xcel Energy Inc. has a 12-month low of $65.21 and a 12-month high of $84.23. The firm has a market cap of $49.48 billion, a P/E ratio of 22.84, a PEG ratio of 2.10 and a beta of 0.41.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.91 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.91. Xcel Energy had a net margin of 14.14% and a return on equity of 10.37%. The company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same quarter last year, the business posted $0.84 EPS. Xcel Energy’s quarterly revenue was up 2.9% compared to the same quarter last year. Sell-side analysts anticipate that Xcel Energy Inc. will post 4.11 earnings per share for the current year.

Xcel Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, June 15th will be paid a $0.5925 dividend. This represents a $2.37 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Monday, June 15th. Xcel Energy’s payout ratio is currently 68.30%.

Xcel Energy Company Profile

Xcel Energy (NASDAQ: XEL) is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company’s core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.

Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.