American Century Companies Inc. Has $271.55 Million Position in Xcel Energy Inc. $XEL

American Century Companies Inc. boosted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 3.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 3,367,033 shares of the company’s stock after acquiring an additional 105,903 shares during the period. American Century Companies Inc. owned 0.57% of Xcel Energy worth $271,551,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in XEL. Vanguard Group Inc. increased its holdings in Xcel Energy by 2.7% during the third quarter. Vanguard Group Inc. now owns 76,725,720 shares of the company’s stock worth $6,187,929,000 after buying an additional 2,001,018 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Xcel Energy by 86.6% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 41,406 shares of the company’s stock valued at $3,339,000 after acquiring an additional 19,214 shares during the period. Cibc World Market Inc. acquired a new position in shares of Xcel Energy during the 3rd quarter worth about $6,994,000. Balyasny Asset Management L.P. raised its holdings in shares of Xcel Energy by 2,324.9% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,716,351 shares of the company’s stock valued at $116,884,000 after purchasing an additional 1,645,571 shares during the period. Finally, VCI Wealth Management LLC bought a new stake in shares of Xcel Energy in the 3rd quarter valued at about $1,176,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Stock Performance

NASDAQ XEL opened at $83.36 on Friday. The firm has a 50-day moving average price of $76.77 and a two-hundred day moving average price of $77.07. Xcel Energy Inc. has a 12-month low of $65.21 and a 12-month high of $84.23. The company has a market capitalization of $52.01 billion, a P/E ratio of 24.37, a P/E/G ratio of 2.28 and a beta of 0.46. The company has a quick ratio of 0.69, a current ratio of 0.79 and a debt-to-equity ratio of 1.51.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.96. Xcel Energy had a return on equity of 10.83% and a net margin of 13.76%.During the same period in the previous year, the company earned $0.81 earnings per share. The company’s quarterly revenue was up 14.1% on a year-over-year basis. Analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 20th. Investors of record on Friday, March 13th will be paid a $0.5925 dividend. This represents a $2.37 dividend on an annualized basis and a yield of 2.8%. This is a boost from Xcel Energy’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Friday, March 13th. Xcel Energy’s payout ratio is presently 66.67%.

Analyst Ratings Changes

XEL has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their price target on Xcel Energy from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Thursday, December 11th. Royal Bank Of Canada reiterated an “outperform” rating and set a $95.00 target price on shares of Xcel Energy in a research note on Friday, January 23rd. BTIG Research set a $94.00 target price on Xcel Energy in a report on Friday, January 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Xcel Energy in a report on Wednesday, January 21st. Finally, Citigroup lifted their price objective on shares of Xcel Energy from $80.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $88.60.

Xcel Energy 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.