Savant Capital LLC Sells 12,137 Shares of Xcel Energy Inc. $XEL

Savant Capital LLC cut its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 40.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,534 shares of the company’s stock after selling 12,137 shares during the quarter. Savant Capital LLC’s holdings in Xcel Energy were worth $1,295,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of XEL. Vanguard Group Inc. grew its stake in Xcel Energy by 2.7% in the third 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 during the period. Cibc World Market Inc. acquired a new stake in Xcel Energy in the third quarter valued at approximately $6,994,000. BI Asset Management Fondsmaeglerselskab A S grew its stake in 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 acquiring an additional 19,214 shares during the period. USA Financial Formulas grew its stake in Xcel Energy by 491.3% in the fourth 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 during the period. Finally, Citigroup Inc. grew its stake in Xcel Energy by 135.3% in the third 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 during the period. 78.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

XEL has been the subject of a number of research reports. Evercore reissued an “outperform” rating and issued a $96.00 price objective on shares of Xcel Energy in a research note on Monday, May 4th. UBS Group lifted their target price on Xcel Energy from $89.00 to $91.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Wall Street Zen cut Xcel Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. BMO Capital Markets lifted their target price on Xcel Energy from $90.00 to $94.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Finally, Barclays cut their target price on Xcel Energy from $91.00 to $87.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $90.63.

Xcel Energy Stock Performance

Shares of Xcel Energy stock opened at $76.41 on Tuesday. The business’s fifty day simple moving average is $79.76 and its 200 day simple moving average is $78.56. The firm has a market capitalization of $47.70 billion, a P/E ratio of 22.02, a price-to-earnings-growth ratio of 2.07 and a beta of 0.39. Xcel Energy Inc. has a 12 month low of $65.21 and a 12 month high of $84.23. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 1.45.

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

Xcel Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, June 15th will be paid a $0.5925 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.37 annualized dividend and a dividend yield of 3.1%. Xcel Energy’s payout ratio is presently 68.30%.

Xcel Energy 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.