Nordea Investment Management AB Has $185.24 Million Holdings in Xcel Energy Inc. $XEL

Nordea Investment Management AB lessened its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 16.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,498,528 shares of the company’s stock after selling 493,111 shares during the period. Nordea Investment Management AB owned 0.42% of Xcel Energy worth $185,241,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of XEL. Twin Peaks Wealth Advisors LLC acquired a new stake in Xcel Energy during the 2nd quarter worth about $25,000. ORG Partners LLC lifted its stake in shares of Xcel Energy by 168.4% in the 3rd quarter. ORG Partners LLC now owns 314 shares of the company’s stock valued at $25,000 after purchasing an additional 197 shares during the period. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Xcel Energy during the 3rd quarter valued at about $27,000. First Command Advisory Services Inc. bought a new stake in shares of Xcel Energy during the 3rd quarter valued at about $32,000. Finally, Collier Financial acquired a new stake in Xcel Energy during the third quarter worth approximately $38,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Stock Down 3.5%

Shares of NASDAQ:XEL opened at $76.77 on Monday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.60 and a current ratio of 0.71. Xcel Energy Inc. has a 52-week low of $65.21 and a 52-week high of $84.23. The business’s 50 day simple moving average is $79.01 and its two-hundred day simple moving average is $78.03. The firm has a market cap of $47.90 billion, a P/E ratio of 22.45, a PEG ratio of 2.10 and a beta of 0.45.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data on Wednesday, February 4th. The company reported $0.96 EPS for the quarter, meeting the consensus estimate of $0.96. Xcel Energy had a return on equity of 10.46% and a net margin of 13.76%.The firm had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the previous year, the company posted $0.81 earnings per share. The company’s quarterly revenue was up 14.1% on a year-over-year basis. As a group, research analysts forecast that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 20th. Shareholders of record on Friday, March 13th will be paid a dividend of $0.5925 per share. This is a boost from Xcel Energy’s previous quarterly dividend of $0.57. The ex-dividend date is Friday, March 13th. This represents a $2.37 dividend on an annualized basis and a yield of 3.1%. Xcel Energy’s dividend payout ratio (DPR) is presently 69.30%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on XEL shares. BTIG Research set a $94.00 target price on Xcel Energy in a report on Friday, January 30th. Weiss Ratings raised shares of Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Argus set a $86.00 price objective on shares of Xcel Energy in a research note on Thursday, March 12th. Barclays dropped their target price on shares of Xcel Energy from $85.00 to $82.00 and set an “overweight” rating on the stock in a research report on Thursday, January 15th. Finally, UBS Group raised shares of Xcel Energy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $81.00 to $89.00 in a research note on Friday, February 13th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $88.44.

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.