Bremer Bank National Association Cuts Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

Bremer Bank National Association cut its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 28.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,306 shares of the company’s stock after selling 1,712 shares during the period. Bremer Bank National Association’s holdings in Xcel Energy were worth $291,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. State Street Corp increased its stake in shares of Xcel Energy by 6.7% during the third 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 during the period. Brookfield Corp ON increased its stake in shares of Xcel Energy by 520.1% during the third 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 during the period. Merewether Investment Management LP purchased a new stake in shares of Xcel Energy during the third quarter worth approximately $64,301,000. Massachusetts Financial Services Co. MA increased its stake in shares of Xcel Energy by 6.2% during the third 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 during the period. Finally, Janus Henderson Group PLC increased its stake in shares of Xcel Energy by 1,265.6% during the third 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 during the period. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Xcel Energy Price Performance

XEL stock opened at $66.72 on Monday. The company has a market capitalization of $38.31 billion, a P/E ratio of 19.80, a PEG ratio of 2.40 and a beta of 0.42. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $73.38. The business has a 50 day simple moving average of $68.41 and a 200-day simple moving average of $63.58. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42.

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

Xcel Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Monday, January 6th will be paid a dividend of $0.5475 per share. This represents a $2.19 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend is Monday, January 6th. Xcel Energy’s dividend payout ratio (DPR) is presently 64.99%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Jefferies Financial Group upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and upped their target price for the stock from $71.00 to $76.00 in a research note on Friday, November 1st. JPMorgan Chase & Co. raised Xcel Energy from a “neutral” rating to an “overweight” rating and upped their price target for the company from $69.00 to $80.00 in a report on Thursday, December 12th. Barclays upped their price target on Xcel Energy from $67.00 to $71.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. Wells Fargo & Company raised Xcel Energy from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $70.00 to $72.00 in a report on Monday, January 13th. Finally, KeyCorp upped their price target on Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $69.67.

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.