Xcel Energy Inc. $XEL Stock Holdings Lifted by Mairs & Power Inc.

Mairs & Power Inc. increased its stake in Xcel Energy Inc. (NASDAQ:XEL) by 2.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 386,008 shares of the company’s stock after purchasing an additional 9,577 shares during the quarter. Mairs & Power Inc. owned approximately 0.07% of Xcel Energy worth $31,132,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of XEL. Vanguard Group Inc. raised its stake in Xcel Energy by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 76,725,720 shares of the company’s stock valued at $6,187,929,000 after purchasing an additional 2,001,018 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Xcel Energy by 86.6% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 41,406 shares of the company’s stock valued at $3,339,000 after purchasing an additional 19,214 shares in the last quarter. Cibc World Market Inc. acquired a new stake in shares of Xcel Energy in the third quarter worth $6,994,000. Balyasny Asset Management L.P. grew its holdings in shares of Xcel Energy by 2,324.9% during the second quarter. Balyasny Asset Management L.P. now owns 1,716,351 shares of the company’s stock valued at $116,884,000 after buying an additional 1,645,571 shares in the last quarter. Finally, VCI Wealth Management LLC purchased a new position in shares of Xcel Energy during the third quarter valued at $1,176,000. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Price Performance

Shares of XEL opened at $81.63 on Tuesday. The firm has a market cap of $50.93 billion, a PE ratio of 23.87, a PEG ratio of 2.24 and a beta of 0.45. The firm’s 50 day moving average price is $78.56 and its 200 day moving average price is $77.83. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.60 and a current ratio of 0.71. Xcel Energy Inc. has a twelve month low of $65.21 and a twelve month high of $84.23.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Wednesday, February 4th. The company reported $0.96 EPS for the quarter, hitting the consensus estimate of $0.96. Xcel Energy had a net margin of 13.76% and a return on equity of 10.46%. The company had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same period in the previous year, the firm posted $0.81 earnings per share. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, research analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 20th. Shareholders of record on Friday, March 13th will be issued a dividend of $0.5925 per share. This represents a $2.37 annualized dividend and a yield of 2.9%. This is an increase from Xcel Energy’s previous quarterly dividend of $0.57. The ex-dividend date is Friday, March 13th. Xcel Energy’s dividend payout ratio is 69.30%.

Analysts Set New Price Targets

Several brokerages recently issued reports on XEL. Morgan Stanley set a $91.00 price objective on Xcel Energy in a research note on Friday, February 20th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $95.00 target price on shares of Xcel Energy in a research note on Friday, January 23rd. BTIG Research set a $94.00 price target on shares of Xcel Energy in a research report on Friday, January 30th. UBS Group upgraded shares of Xcel Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $81.00 to $89.00 in a report on Friday, February 13th. Finally, Barclays lowered their price objective on shares of Xcel Energy from $85.00 to $82.00 and set an “overweight” rating on the stock in a research report on Thursday, January 15th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $88.44.

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.