Duff & Phelps Investment Management Co. Has $105.56 Million Stock Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Duff & Phelps Investment Management Co. trimmed its position in Xcel Energy Inc. (NASDAQ:XEL) by 9.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,976,451 shares of the company’s stock after selling 207,097 shares during the quarter. Xcel Energy makes up 1.3% of Duff & Phelps Investment Management Co.’s holdings, making the stock its 21st largest position. Duff & Phelps Investment Management Co. owned about 0.36% of Xcel Energy worth $105,562,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of XEL. TruNorth Capital Management LLC acquired a new stake in Xcel Energy during the 2nd quarter valued at $30,000. American National Bank bought a new stake in shares of Xcel Energy during the 2nd quarter worth about $32,000. Quarry LP bought a new stake in shares of Xcel Energy during the 4th quarter worth about $34,000. Rothschild Investment LLC acquired a new position in Xcel Energy in the 2nd quarter valued at about $37,000. Finally, YHB Investment Advisors Inc. bought a new position in Xcel Energy in the 1st quarter valued at about $38,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

XEL has been the subject of a number of research analyst reports. Wells Fargo & Company boosted their price objective on Xcel Energy from $57.00 to $63.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Jefferies Financial Group started coverage on Xcel Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $70.00 price target for the company. Morgan Stanley upped their price objective on Xcel Energy from $68.00 to $73.00 and gave the company an “equal weight” rating in a report on Wednesday. UBS Group lifted their target price on Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Finally, KeyCorp upped their price target on shares of Xcel Energy from $65.00 to $66.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Xcel Energy currently has a consensus rating of “Hold” and a consensus target price of $64.14.

Xcel Energy Trading Up 0.9 %

Shares of XEL opened at $64.57 on Friday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.86 and a current ratio of 0.97. Xcel Energy Inc. has a 52-week low of $46.79 and a 52-week high of $64.95. The firm has a market cap of $35.88 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 2.82 and a beta of 0.38. The business’s fifty day moving average is $60.82 and its 200-day moving average is $56.37.

Xcel Energy (NASDAQ:XEL) last issued its earnings results on Thursday, August 1st. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.03). Xcel Energy had a return on equity of 10.94% and a net margin of 13.46%. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same period in the previous year, the firm posted $0.52 EPS. The firm’s revenue was up .2% compared to the same quarter last year. Equities analysts anticipate that Xcel Energy Inc. will post 3.55 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, October 20th. Shareholders of record on Friday, September 13th will be given a $0.548 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $2.19 dividend on an annualized basis and a yield of 3.39%. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.55. Xcel Energy’s dividend payout ratio (DPR) is currently 65.77%.

Xcel Energy Company Profile

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.