FDx Advisors Inc. Lowers Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

FDx Advisors Inc. trimmed its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 7.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,459 shares of the company’s stock after selling 293 shares during the quarter. FDx Advisors Inc.’s holdings in Xcel Energy were worth $234,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of XEL. AMF Tjanstepension AB boosted its holdings in shares of Xcel Energy by 185.2% in the 3rd quarter. AMF Tjanstepension AB now owns 34,960 shares of the company’s stock valued at $2,283,000 after buying an additional 22,701 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in Xcel Energy by 4.5% in the third quarter. Sequoia Financial Advisors LLC now owns 8,463 shares of the company’s stock worth $553,000 after purchasing an additional 361 shares during the last quarter. Private Advisor Group LLC increased its position in shares of Xcel Energy by 4.1% during the third quarter. Private Advisor Group LLC now owns 63,142 shares of the company’s stock worth $4,123,000 after purchasing an additional 2,490 shares in the last quarter. Greenleaf Trust lifted its holdings in shares of Xcel Energy by 11.7% during the 3rd quarter. Greenleaf Trust now owns 13,822 shares of the company’s stock valued at $903,000 after purchasing an additional 1,449 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in shares of Xcel Energy by 7,432.5% in the 3rd quarter. International Assets Investment Management LLC now owns 506,488 shares of the company’s stock worth $33,074,000 after purchasing an additional 499,764 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. upgraded Xcel Energy from a “neutral” rating to an “overweight” rating and increased their price target for the company from $69.00 to $80.00 in a research note on Thursday, December 12th. Jefferies Financial Group upgraded 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 note on Friday, November 1st. KeyCorp upped their target price on 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 raised their price target on shares of Xcel Energy from $72.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Finally, Barclays cut their price objective on shares of Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 22nd. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Xcel Energy presently has an average rating of “Moderate Buy” and a consensus target price of $69.91.

Xcel Energy Price Performance

Shares of Xcel Energy stock opened at $69.94 on Friday. The firm has a market cap of $40.16 billion, a PE ratio of 20.33, a P/E/G ratio of 2.61 and a beta of 0.43. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $73.38. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The business has a 50-day moving average price of $67.09 and a 200 day moving average price of $65.63.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. Sell-side analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Monday, January 6th were issued a dividend of $0.5475 per share. This represents a $2.19 annualized dividend and a yield of 3.13%. The ex-dividend date was Monday, January 6th. Xcel Energy’s payout ratio is 63.66%.

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.