Meeder Asset Management Inc. Has $560,000 Stake in Xcel Energy Inc (XEL)
Meeder Asset Management Inc. reduced its position in Xcel Energy Inc (NYSE:XEL) by 58.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,638 shares of the utilities provider’s stock after selling 16,604 shares during the period. Meeder Asset Management Inc.’s holdings in Xcel Energy were worth $560,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in XEL. Boston Partners increased its position in shares of Xcel Energy by 27,248.9% in the third quarter. Boston Partners now owns 3,568,214 shares of the utilities provider’s stock worth $168,848,000 after acquiring an additional 3,555,167 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Xcel Energy by 6.4% in the third quarter. JPMorgan Chase & Co. now owns 30,317,644 shares of the utilities provider’s stock worth $1,436,147,000 after acquiring an additional 1,810,629 shares in the last quarter. APG Asset Management N.V. increased its position in shares of Xcel Energy by 106.4% in the fourth quarter. APG Asset Management N.V. now owns 2,573,556 shares of the utilities provider’s stock worth $103,109,000 after acquiring an additional 1,326,900 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Xcel Energy by 47.0% in the third quarter. Janus Henderson Group PLC now owns 3,336,876 shares of the utilities provider’s stock worth $157,899,000 after acquiring an additional 1,067,592 shares in the last quarter. Finally, State of Tennessee Treasury Department increased its position in shares of Xcel Energy by 409.3% in the third quarter. State of Tennessee Treasury Department now owns 980,444 shares of the utilities provider’s stock worth $46,394,000 after acquiring an additional 787,940 shares in the last quarter. 73.57% of the stock is currently owned by institutional investors and hedge funds.
Xcel Energy Inc (NYSE:XEL) opened at $43.35 on Friday. Xcel Energy Inc has a 1 year low of $41.16 and a 1 year high of $52.22. The company has a market cap of $22,480.00, a P/E ratio of 19.18, a P/E/G ratio of 3.32 and a beta of 0.12. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 1.27.
The firm also recently announced a quarterly dividend, which was paid on Saturday, January 20th. Shareholders of record on Thursday, December 28th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date was Wednesday, December 27th. Xcel Energy’s dividend payout ratio (DPR) is presently 63.72%.
Several research analysts have recently weighed in on XEL shares. ValuEngine raised shares of Xcel Energy from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research downgraded shares of Xcel Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Morgan Stanley boosted their price objective on shares of Xcel Energy from $50.00 to $53.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. SunTrust Banks reaffirmed a “hold” rating and set a $47.00 price objective on shares of Xcel Energy in a research report on Tuesday, October 24th. Finally, Bank of America initiated coverage on shares of Xcel Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $53.00 price objective on the stock. Ten equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $48.42.
In other Xcel Energy news, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of Xcel Energy stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $51.07, for a total value of $264,338.32. Following the completion of the sale, the executive vice president now directly owns 81,371 shares in the company, valued at $4,155,616.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.22% of the stock is owned by insiders.
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About Xcel Energy
Xcel Energy Inc is a public utility holding company. The Company’s operations include the activity of four utility subsidiaries that serve electric and natural gas customers in eight states. The Company’s segments include regulated electric utility, regulated natural gas utility and all other. The Company’s utility subsidiaries include NSP-Minnesota, NSP-Wisconsin, Public Service Company of Colorado (PSCo) and Southwestern Public Service Co (SPS), which serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.
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