Capital Management Associates Inc Buys 41,935 Shares of Xcel Energy Inc. $XEL

Capital Management Associates Inc increased its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 613.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,775 shares of the company’s stock after purchasing an additional 41,935 shares during the quarter. Xcel Energy accounts for approximately 1.1% of Capital Management Associates Inc’s investment portfolio, making the stock its 17th largest position. Capital Management Associates Inc’s holdings in Xcel Energy were worth $3,934,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of XEL. Bank of America Corp DE lifted its holdings in shares of Xcel Energy by 9.0% during the 2nd quarter. Bank of America Corp DE now owns 26,262,079 shares of the company’s stock worth $1,788,448,000 after acquiring an additional 2,157,602 shares during the period. Massachusetts Financial Services Co. MA raised its position in Xcel Energy by 10.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 18,719,520 shares of the company’s stock valued at $1,274,799,000 after purchasing an additional 1,746,066 shares in the last quarter. Invesco Ltd. lifted its stake in Xcel Energy by 29.0% during the second quarter. Invesco Ltd. now owns 7,366,422 shares of the company’s stock worth $501,653,000 after purchasing an additional 1,654,505 shares during the last quarter. Balyasny Asset Management L.P. lifted its stake in Xcel Energy by 2,324.9% during the second quarter. Balyasny Asset Management L.P. now owns 1,716,351 shares of the company’s stock worth $116,884,000 after purchasing an additional 1,645,571 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in shares of Xcel Energy by 100.3% in the 2nd quarter. Raymond James Financial Inc. now owns 2,519,061 shares of the company’s stock valued at $171,548,000 after purchasing an additional 1,261,439 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on XEL shares. Bank of America boosted their price target on Xcel Energy from $78.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, September 25th. BTIG Research raised shares of Xcel Energy to a “strong-buy” rating in a report on Wednesday, October 22nd. Argus upgraded shares of Xcel Energy to a “strong-buy” rating in a research note on Wednesday, December 3rd. UBS Group lowered their price objective on shares of Xcel Energy from $86.00 to $81.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Finally, Royal Bank Of Canada started coverage on shares of Xcel Energy in a research note on Tuesday, October 28th. They issued a “moderate buy” rating for the company. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Xcel Energy presently has an average rating of “Buy” and a consensus price target of $87.29.

Xcel Energy Trading Down 0.8%

XEL opened at $74.07 on Tuesday. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.79 and a quick ratio of 0.69. Xcel Energy Inc. has a fifty-two week low of $62.58 and a fifty-two week high of $83.01. The company’s 50 day moving average price is $77.77 and its two-hundred day moving average price is $75.14. The firm has a market capitalization of $43.82 billion, a price-to-earnings ratio of 22.58, a PEG ratio of 2.04 and a beta of 0.46.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). Xcel Energy had a return on equity of 10.45% and a net margin of 13.46%.The business had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same quarter last year, the firm posted $1.25 EPS. Xcel Energy’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, research analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 20th. Stockholders of record on Monday, December 29th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Monday, December 29th. Xcel Energy’s dividend payout ratio (DPR) is 69.51%.

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.