Thompson Investment Management Inc. Sells 500 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Thompson Investment Management Inc. trimmed its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 4.3% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 10,999 shares of the company’s stock after selling 500 shares during the quarter. Thompson Investment Management Inc.’s holdings in Xcel Energy were worth $743,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of XEL. State Street Corp increased its holdings in Xcel Energy by 6.7% in the 3rd quarter. State Street Corp now owns 37,143,025 shares of the company’s stock worth $2,445,477,000 after buying an additional 2,323,448 shares in the last quarter. Brookfield Corp ON increased its holdings in Xcel Energy by 520.1% in the 3rd quarter. Brookfield Corp ON now owns 2,509,031 shares of the company’s stock worth $163,840,000 after buying an additional 2,104,405 shares in the last quarter. Merewether Investment Management LP bought a new stake in Xcel Energy in the 3rd quarter worth about $64,301,000. Massachusetts Financial Services Co. MA increased its holdings in Xcel Energy by 6.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 15,190,756 shares of the company’s stock worth $991,956,000 after buying an additional 892,740 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in Xcel Energy by 1,265.6% in the 3rd quarter. Janus Henderson Group PLC now owns 839,146 shares of the company’s stock worth $54,797,000 after buying an additional 777,696 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. upgraded Xcel Energy from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $69.00 to $80.00 in a research note on Thursday, December 12th. Barclays cut their price target on Xcel Energy from $71.00 to $69.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd. Jefferies Financial Group upgraded Xcel Energy from a “hold” rating to a “buy” rating and boosted their price target for the company from $71.00 to $76.00 in a research note on Friday, November 1st. Wells Fargo & Company boosted their price target on Xcel Energy from $72.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday. Finally, KeyCorp boosted their price target on Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Xcel Energy presently has an average rating of “Moderate Buy” and an average price target of $69.91.

Xcel Energy Stock Down 0.8 %

Shares of XEL opened at $66.60 on Friday. The stock has a market capitalization of $38.24 billion, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 2.54 and a beta of 0.43. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. The business’s 50 day simple moving average is $67.35 and its 200-day simple moving average is $64.89. Xcel Energy Inc. has a 1 year low of $46.79 and a 1 year high of $73.38.

Xcel Energy (NASDAQ:XEL) last released its earnings results on Thursday, February 6th. The company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. As a group, equities analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Monday, January 6th were given a dividend of $0.5475 per share. This represents a $2.19 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend was Monday, January 6th. Xcel Energy’s dividend payout ratio is currently 63.66%.

Xcel Energy 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.