Xcel Energy Inc. $XEL Shares Sold by RWC Asset Management LLP

RWC Asset Management LLP cut its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 31.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 135,490 shares of the company’s stock after selling 61,735 shares during the quarter. RWC Asset Management LLP’s holdings in Xcel Energy were worth $10,007,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Quadrant Capital Group LLC grew its position in shares of Xcel Energy by 1.7% in the third quarter. Quadrant Capital Group LLC now owns 7,358 shares of the company’s stock valued at $593,000 after purchasing an additional 125 shares during the last quarter. TIAA Trust National Association grew its stake in Xcel Energy by 1.0% in the 3rd quarter. TIAA Trust National Association now owns 12,683 shares of the company’s stock worth $1,022,000 after acquiring an additional 126 shares during the period. Bleakley Financial Group LLC grew its stake in Xcel Energy by 0.5% in the 4th quarter. Bleakley Financial Group LLC now owns 28,949 shares of the company’s stock worth $2,138,000 after acquiring an additional 131 shares during the period. Hills Bank & Trust Co grew its stake in Xcel Energy by 2.2% in the 4th quarter. Hills Bank & Trust Co now owns 6,184 shares of the company’s stock worth $457,000 after acquiring an additional 133 shares during the period. Finally, Intrust Bank NA grew its stake in Xcel Energy by 1.3% in the 3rd quarter. Intrust Bank NA now owns 11,360 shares of the company’s stock worth $916,000 after acquiring an additional 142 shares during the period. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

XEL has been the subject of several recent analyst reports. Evercore reaffirmed an “outperform” rating and issued a $96.00 target price on shares of Xcel Energy in a research note on Monday, May 4th. Morgan Stanley set a $87.00 target price on shares of Xcel Energy in a research note on Thursday, May 21st. JPMorgan Chase & Co. lowered their target price on shares of Xcel Energy from $94.00 to $91.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Weiss Ratings raised shares of Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 20th. 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 note on Wednesday, April 22nd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Xcel Energy currently has an average rating of “Buy” and a consensus price target of $90.63.

Xcel Energy Price Performance

XEL stock opened at $79.04 on Monday. The stock has a market capitalization of $49.34 billion, a P/E ratio of 22.78, a PEG ratio of 2.05 and a beta of 0.39. The company has a 50 day moving average price of $79.81 and a two-hundred day moving average price of $78.49. Xcel Energy Inc. has a one year low of $65.21 and a one year high of $84.23. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.68 and a current ratio of 0.77.

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

Xcel Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, June 15th will be issued a $0.5925 dividend. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Monday, June 15th. Xcel Energy’s dividend payout ratio (DPR) is 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.