Nisa Investment Advisors LLC Sells 5,516 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Nisa Investment Advisors LLC reduced its position in shares of Xcel Energy Inc. (NASDAQ:XELFree Report) by 9.0% in the fourth quarter, Holdings Channel reports. The firm owned 56,019 shares of the company’s stock after selling 5,516 shares during the period. Nisa Investment Advisors LLC’s holdings in Xcel Energy were worth $3,782,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in XEL. State Street Corp grew its position in Xcel Energy by 6.7% during the third quarter. State Street Corp now owns 37,143,025 shares of the company’s stock worth $2,445,477,000 after buying an additional 2,323,448 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Xcel Energy by 6.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 15,190,756 shares of the company’s stock valued at $991,956,000 after purchasing an additional 892,740 shares during the last quarter. Geode Capital Management LLC grew its position in Xcel Energy by 1.8% in the third quarter. Geode Capital Management LLC now owns 14,562,103 shares of the company’s stock worth $952,091,000 after acquiring an additional 262,191 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Xcel Energy by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,417,615 shares of the company’s stock worth $223,170,000 after purchasing an additional 67,820 shares in the last quarter. Finally, Brookfield Corp ON boosted its stake in Xcel Energy by 520.1% in the third quarter. Brookfield Corp ON now owns 2,509,031 shares of the company’s stock worth $163,840,000 after buying an additional 2,104,405 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on XEL. Wells Fargo & Company upgraded shares of Xcel Energy from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $70.00 to $72.00 in a research report on Monday, January 13th. Morgan Stanley lowered their target price on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Jefferies Financial Group upgraded Xcel Energy from a “hold” rating to a “buy” rating and raised their price target for the stock from $71.00 to $76.00 in a research report on Friday, November 1st. Barclays lowered their price objective on Xcel Energy from $71.00 to $69.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, KeyCorp raised their target price on shares of Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.50.

View Our Latest Analysis on XEL

Xcel Energy Trading Up 0.8 %

Shares of XEL opened at $66.61 on Friday. Xcel Energy Inc. has a 1-year low of $46.79 and a 1-year high of $73.38. The firm has a market capitalization of $38.25 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 2.53 and a beta of 0.42. The firm’s 50-day moving average price is $68.20 and its 200-day moving average price is $64.00. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42.

Xcel Energy (NASDAQ:XELGet Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.01). The firm had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.23 earnings per share. Sell-side analysts anticipate that Xcel Energy Inc. will post 3.54 EPS for the current year.

Xcel Energy Cuts Dividend

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

About Xcel Energy

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Xcel Energy (NASDAQ:XEL)

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