Robeco Institutional Asset Management B.V. Trims Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Robeco Institutional Asset Management B.V. lessened its stake in Xcel Energy Inc. (NASDAQ:XEL) by 80.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 7,985 shares of the company’s stock after selling 33,024 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Xcel Energy were worth $539,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in 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 purchasing an additional 2,323,448 shares in the last quarter. Brookfield Corp ON grew its position in Xcel Energy by 520.1% in the 3rd quarter. Brookfield Corp ON now owns 2,509,031 shares of the company’s stock valued at $163,840,000 after acquiring an additional 2,104,405 shares in the last quarter. Merewether Investment Management LP acquired a new position in Xcel Energy in the 3rd quarter valued at about $64,301,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Xcel Energy by 6.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 15,190,756 shares of the company’s stock valued at $991,956,000 after purchasing an additional 892,740 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in shares of Xcel Energy by 1,265.6% in the third quarter. Janus Henderson Group PLC now owns 839,146 shares of the company’s stock valued at $54,797,000 after purchasing an additional 777,696 shares during the period. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Trading Down 0.6 %

Shares of Xcel Energy stock opened at $67.32 on Wednesday. Xcel Energy Inc. has a 12-month low of $46.79 and a 12-month high of $73.38. The stock has a market cap of $38.66 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 2.54 and a beta of 0.43. 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 fifty day simple moving average of $67.77 and a 200-day simple moving average of $64.69.

Xcel Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Monday, January 6th were given a $0.5475 dividend. The ex-dividend date was Monday, January 6th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.25%. Xcel Energy’s dividend payout ratio (DPR) is presently 64.99%.

Wall Street Analysts Forecast Growth

XEL has been the topic of a number of research reports. Jefferies Financial Group upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and increased their target price for the stock from $71.00 to $76.00 in a report on Friday, November 1st. Wells Fargo & Company raised Xcel Energy from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $70.00 to $72.00 in a research note on Monday, January 13th. Barclays lowered their target price 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. KeyCorp lifted their price objective on Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Finally, JPMorgan Chase & Co. raised shares of Xcel Energy from a “neutral” rating to an “overweight” rating and raised their target price for the company from $69.00 to $80.00 in a report on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $69.64.

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.