Invesco LLC Has $334,000 Stake in Xcel Energy Inc. (NASDAQ:XEL)

Invesco LLC increased its position in Xcel Energy Inc. (NASDAQ:XEL) by 21.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,949 shares of the company’s stock after purchasing an additional 871 shares during the period. Invesco LLC’s holdings in Xcel Energy were worth $334,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. AXA S.A. increased its position in shares of Xcel Energy by 7.6% during the second quarter. AXA S.A. now owns 39,060 shares of the company’s stock worth $2,086,000 after acquiring an additional 2,755 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Xcel Energy by 5.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 546,873 shares of the company’s stock valued at $29,208,000 after purchasing an additional 26,092 shares during the last quarter. Algert Global LLC bought a new stake in Xcel Energy during the 2nd quarter worth approximately $387,000. Creative Planning raised its stake in shares of Xcel Energy by 116.1% in the second quarter. Creative Planning now owns 282,619 shares of the company’s stock worth $15,095,000 after purchasing an additional 151,843 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Xcel Energy by 3.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 26,522 shares of the company’s stock valued at $1,417,000 after purchasing an additional 842 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on XEL shares. Morgan Stanley decreased their price target on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. JPMorgan Chase & Co. upgraded shares of Xcel Energy from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $69.00 to $80.00 in a research note on Thursday, December 12th. Jefferies Financial Group raised shares of Xcel Energy from a “hold” rating to a “buy” rating and raised their price target for the company from $71.00 to $76.00 in a research report on Friday, November 1st. Barclays reduced their price objective 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. Finally, KeyCorp lifted their target price on shares of Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $69.50.

Xcel Energy Stock Performance

Shares of XEL traded up $0.05 during mid-day trading on Wednesday, hitting $66.48. The stock had a trading volume of 129,362 shares, compared to its average volume of 3,442,388. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. The firm has a market cap of $38.17 billion, a P/E ratio of 19.70, a PEG ratio of 2.53 and a beta of 0.42. Xcel Energy Inc. has a 52 week low of $46.79 and a 52 week high of $73.38. The business has a fifty day moving average price of $68.10 and a 200-day moving average price of $64.34.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.01). Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The business had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.93 billion. During the same period last year, the company earned $1.23 earnings per share. Xcel Energy’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities research analysts expect that Xcel Energy Inc. will post 3.54 EPS for the current year.

Xcel Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Monday, January 6th will be given a dividend of $0.5475 per share. The ex-dividend date of this dividend is Monday, January 6th. This represents a $2.19 annualized dividend and a dividend yield of 3.29%. Xcel Energy’s dividend payout ratio is currently 64.99%.

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.