Massmutual Trust Co. FSB ADV Raises Position in Xcel Energy Inc. (NASDAQ:XEL)

Massmutual Trust Co. FSB ADV lifted its stake in Xcel Energy Inc. (NASDAQ:XEL) by 46.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,552 shares of the company’s stock after purchasing an additional 492 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Xcel Energy were worth $83,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Private Trust Co. NA grew its holdings in Xcel Energy by 19.7% during the 4th quarter. Private Trust Co. NA now owns 3,353 shares of the company’s stock valued at $208,000 after buying an additional 552 shares in the last quarter. International Assets Investment Management LLC raised its position in Xcel Energy by 1,936.7% during the fourth quarter. International Assets Investment Management LLC now owns 601,141 shares of the company’s stock valued at $37,217,000 after purchasing an additional 571,626 shares during the period. Prime Capital Investment Advisors LLC lifted its stake in shares of Xcel Energy by 72.5% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 7,413 shares of the company’s stock valued at $459,000 after purchasing an additional 3,116 shares during the last quarter. Venture Visionary Partners LLC increased its position in shares of Xcel Energy by 4.0% during the 4th quarter. Venture Visionary Partners LLC now owns 5,460 shares of the company’s stock valued at $338,000 after purchasing an additional 210 shares during the last quarter. Finally, Stratos Wealth Partners LTD. raised its holdings in Xcel Energy by 5.8% during the 4th quarter. Stratos Wealth Partners LTD. now owns 6,867 shares of the company’s stock valued at $425,000 after buying an additional 375 shares during the period. 78.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on XEL. Evercore ISI lifted their price target on shares of Xcel Energy from $54.00 to $59.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Bank of America increased their target price on Xcel Energy from $63.00 to $66.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Morgan Stanley decreased their price target on shares of Xcel Energy from $65.00 to $62.00 and set an “equal weight” rating for the company in a research note on Monday, June 24th. StockNews.com raised Xcel Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Finally, KeyCorp dropped their target price on Xcel Energy from $68.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.91.

Xcel Energy Trading Down 0.2 %

Shares of XEL traded down $0.13 during midday trading on Tuesday, hitting $57.86. 3,046,701 shares of the stock were exchanged, compared to its average volume of 4,472,925. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.74 and a current ratio of 0.86. The firm has a market cap of $32.15 billion, a P/E ratio of 17.41, a P/E/G ratio of 2.60 and a beta of 0.37. Xcel Energy Inc. has a 52-week low of $46.79 and a 52-week high of $64.25. The stock has a fifty day simple moving average of $54.75 and a 200 day simple moving average of $55.07.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.03). The business had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.29 billion. Xcel Energy had a net margin of 13.46% and a return on equity of 11.00%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 EPS. On average, research analysts anticipate that Xcel Energy Inc. will post 3.55 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, October 20th. Investors of record on Friday, September 13th will be paid a dividend of $0.548 per share. This represents a $2.19 annualized dividend and a yield of 3.79%. This is a boost from Xcel Energy’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Friday, September 13th. Xcel Energy’s payout ratio is presently 65.77%.

Xcel Energy Company 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.