Mutual of America Capital Management LLC Sells 3,338 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Mutual of America Capital Management LLC lessened its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 4.3% in the 4th quarter, Holdings Channel reports. The firm owned 73,823 shares of the company’s stock after selling 3,338 shares during the period. Mutual of America Capital Management LLC’s holdings in Xcel Energy were worth $4,570,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Xcel Energy by 15.6% during the 3rd quarter. Vanguard Group Inc. now owns 64,062,856 shares of the company’s stock valued at $3,665,677,000 after buying an additional 8,644,054 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Xcel Energy by 16.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 18,521,863 shares of the company’s stock worth $1,059,821,000 after purchasing an additional 2,559,321 shares during the period. Geode Capital Management LLC raised its position in Xcel Energy by 1.3% in the 1st quarter. Geode Capital Management LLC now owns 12,251,587 shares of the company’s stock worth $825,364,000 after purchasing an additional 162,592 shares during the period. T. Rowe Price Investment Management Inc. purchased a new stake in Xcel Energy in the 4th quarter worth about $576,873,000. Finally, Victory Capital Management Inc. raised its position in Xcel Energy by 8.4% in the 3rd quarter. Victory Capital Management Inc. now owns 7,504,622 shares of the company’s stock worth $429,414,000 after purchasing an additional 583,318 shares during the period. Institutional investors own 78.38% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on XEL. Royal Bank of Canada increased their price objective on shares of Xcel Energy from $67.00 to $68.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 30th. Wolfe Research raised shares of Xcel Energy from a “peer perform” rating to an “outperform” rating and set a $58.00 price objective on the stock in a research report on Monday, March 11th. TheStreet lowered shares of Xcel Energy from a “b-” rating to a “c+” rating in a research report on Thursday, March 14th. Barclays upgraded shares of Xcel Energy from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $61.00 to $54.00 in a research note on Monday, March 11th. Finally, StockNews.com upgraded shares of Xcel Energy from a “sell” rating to a “hold” rating in a research note on Friday. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $63.08.

Xcel Energy Price Performance

NASDAQ XEL opened at $53.17 on Tuesday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.59 and a current ratio of 0.72. The firm’s 50 day moving average price is $54.54 and its 200-day moving average price is $58.24. Xcel Energy Inc. has a 52-week low of $46.79 and a 52-week high of $71.32. The company has a market cap of $29.53 billion, a PE ratio of 16.56, a P/E/G ratio of 2.48 and a beta of 0.36.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data on Thursday, January 25th. The company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). Xcel Energy had a net margin of 12.47% and a return on equity of 10.78%. The business had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the prior year, the business posted $0.69 earnings per share. Xcel Energy’s revenue for the quarter was down 15.1% on a year-over-year basis. Sell-side analysts forecast that Xcel Energy Inc. will post 3.56 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, April 20th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.548 per share. The ex-dividend date of this dividend is Thursday, March 14th. This is an increase from Xcel Energy’s previous quarterly dividend of $0.52. This represents a $2.19 dividend on an annualized basis and a dividend yield of 4.12%. Xcel Energy’s dividend payout ratio (DPR) is currently 68.22%.

About Xcel Energy

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.