Xcel Energy Inc. (NASDAQ:XEL) Shares Acquired by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC lifted its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,001 shares of the company’s stock after purchasing an additional 2,061 shares during the period. Xcel Energy comprises 1.1% of Oliver Luxxe Assets LLC’s investment portfolio, making the stock its 18th biggest position. Oliver Luxxe Assets LLC’s holdings in Xcel Energy were worth $6,617,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. grew its stake in Xcel Energy by 7.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 189,954 shares of the company’s stock valued at $12,404,000 after acquiring an additional 12,477 shares in the last quarter. ING Groep NV lifted its position in Xcel Energy by 85.0% during the third quarter. ING Groep NV now owns 231,482 shares of the company’s stock worth $15,116,000 after buying an additional 106,326 shares in the last quarter. Savant Capital LLC boosted its stake in Xcel Energy by 112.7% during the second quarter. Savant Capital LLC now owns 31,771 shares of the company’s stock worth $1,697,000 after buying an additional 16,834 shares during the last quarter. Harvest Fund Management Co. Ltd increased its stake in shares of Xcel Energy by 64.4% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 27,634 shares of the company’s stock worth $1,805,000 after acquiring an additional 10,821 shares during the last quarter. Finally, HITE Hedge Asset Management LLC boosted its position in shares of Xcel Energy by 393.0% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 317,117 shares of the company’s stock valued at $20,708,000 after acquiring an additional 252,793 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Stock Down 1.7 %

XEL traded down $1.12 on Monday, hitting $65.02. 2,409,517 shares of the company were exchanged, compared to its average volume of 2,703,622. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. The company has a market cap of $37.34 billion, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 2.79 and a beta of 0.42. The firm has a 50-day moving average price of $68.49 and a two-hundred day moving average price of $62.82. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $73.38.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings results on Thursday, October 31st. The company reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.01). Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The firm had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.93 billion. During the same quarter in the prior year, the firm earned $1.23 EPS. The firm’s revenue was down .5% compared to the same quarter last year. On average, equities analysts predict that Xcel Energy Inc. will post 3.54 earnings per share for the current year.

Xcel Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Monday, January 6th will be issued a $0.5475 dividend. This represents a $2.19 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend is Monday, January 6th. Xcel Energy’s dividend payout ratio (DPR) is 64.99%.

Wall Street Analyst Weigh In

Several analysts have recently commented on XEL shares. KeyCorp lifted their price target on shares of Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Wells Fargo & Company lifted their target price on Xcel Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Jefferies Financial Group raised Xcel Energy from a “hold” rating to a “buy” rating and raised their price objective for the stock from $71.00 to $76.00 in a research report on Friday, November 1st. JPMorgan Chase & Co. raised shares of Xcel Energy from a “neutral” rating to an “overweight” rating and upped their target price for the company from $69.00 to $80.00 in a research report on Thursday, December 12th. Finally, UBS Group lifted their price target on shares of Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $69.17.

About Xcel Energy

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.