Koch Industries Inc. Acquires New Position in Xcel Energy Inc (XEL)
Koch Industries Inc. acquired a new position in Xcel Energy Inc (NYSE:XEL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 9,088 shares of the utilities provider’s stock, valued at approximately $437,000.
A number of other large investors have also modified their holdings of XEL. Assetmark Inc. raised its stake in Xcel Energy by 118.9% in the third quarter. Assetmark Inc. now owns 2,191 shares of the utilities provider’s stock worth $104,000 after buying an additional 1,190 shares in the last quarter. SeaCrest Wealth Management LLC bought a new position in Xcel Energy in the fourth quarter worth approximately $105,000. Krilogy Financial LLC acquired a new position in shares of Xcel Energy during the third quarter worth $127,000. BB&T Investment Services Inc. increased its position in shares of Xcel Energy by 73.3% during the third quarter. BB&T Investment Services Inc. now owns 2,730 shares of the utilities provider’s stock worth $145,000 after purchasing an additional 1,155 shares in the last quarter. Finally, Sandy Spring Bank increased its position in shares of Xcel Energy by 56.6% during the third quarter. Sandy Spring Bank now owns 3,761 shares of the utilities provider’s stock worth $178,000 after purchasing an additional 1,360 shares in the last quarter. 73.96% of the stock is owned by institutional investors.
Xcel Energy Inc (NYSE XEL) opened at $43.28 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.87 and a quick ratio of 0.68. Xcel Energy Inc has a 12-month low of $41.51 and a 12-month high of $52.22. The stock has a market capitalization of $22,050.00, a price-to-earnings ratio of 18.82, a P/E/G ratio of 3.18 and a beta of 0.18.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 20th. Investors of record on Thursday, March 15th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.51%. This is an increase from Xcel Energy’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Wednesday, March 14th. Xcel Energy’s dividend payout ratio is presently 62.61%.
A number of brokerages have recently issued reports on XEL. SunTrust Banks set a $43.00 price target on Xcel Energy and gave the stock a “hold” rating in a research report on Monday, February 5th. ValuEngine raised Xcel Energy from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. UBS Group began coverage on Xcel Energy in a research report on Friday, February 2nd. They set a “neutral” rating and a $47.00 price target on the stock. Morgan Stanley upped their price target on Xcel Energy from $50.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. Finally, Zacks Investment Research downgraded Xcel Energy from a “hold” rating to a “sell” rating in a research report on Friday. One analyst has rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Xcel Energy presently has an average rating of “Hold” and an average price target of $48.00.
Xcel Energy Company Profile
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.
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