Capital Management Associates Inc Increases Stock Position in Xcel Energy Inc. $XEL

Capital Management Associates Inc raised its stake in Xcel Energy Inc. (NASDAQ:XEL) by 30.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,601 shares of the company’s stock after acquiring an additional 14,826 shares during the period. Xcel Energy accounts for approximately 1.0% of Capital Management Associates Inc’s portfolio, making the stock its 18th largest position. Capital Management Associates Inc’s holdings in Xcel Energy were worth $4,698,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in XEL. Vanguard Group Inc. lifted its stake in Xcel Energy by 2.7% in the third quarter. Vanguard Group Inc. now owns 76,725,720 shares of the company’s stock valued at $6,187,929,000 after buying an additional 2,001,018 shares during the last quarter. Cibc World Market Inc. purchased a new position in shares of Xcel Energy during the third quarter worth approximately $6,994,000. BI Asset Management Fondsmaeglerselskab A S increased its holdings 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. Balyasny Asset Management L.P. increased 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 acquiring an additional 1,645,571 shares during the period. Finally, VCI Wealth Management LLC purchased a new stake in Xcel Energy in the 3rd quarter valued at $1,176,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Performance

Shares of XEL stock opened at $80.74 on Monday. The business’s fifty day moving average price is $79.67 and its 200 day moving average price is $78.48. The firm has a market capitalization of $50.37 billion, a PE ratio of 23.61, a P/E/G ratio of 2.21 and a beta of 0.43. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.71 and a quick ratio of 0.60. Xcel Energy Inc. has a 1-year low of $65.21 and a 1-year high of $84.23.

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

Xcel Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 20th. Investors of record on Friday, March 13th will be issued a dividend of $0.5925 per share. This is an increase from Xcel Energy’s previous quarterly dividend of $0.57. This represents a $2.37 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, March 13th. Xcel Energy’s payout ratio is presently 69.30%.

Wall Street Analysts Forecast Growth

XEL has been the topic of several research reports. Royal Bank Of Canada reissued an “outperform” rating and set a $95.00 price objective on shares of Xcel Energy in a research report on Friday, January 23rd. UBS Group decreased their target price on shares of Xcel Energy from $93.00 to $89.00 and set a “buy” rating for the company in a research note on Tuesday, March 24th. Morgan Stanley set a $91.00 price target on Xcel Energy in a report on Friday, February 20th. Argus set a $86.00 price target on Xcel Energy in a research report on Thursday, March 12th. Finally, Mizuho set a $86.00 price objective on Xcel Energy in a research note on Friday, January 9th. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Xcel Energy currently has a consensus rating of “Buy” and a consensus 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.