Tokio Marine Asset Management Co. Ltd. Has $696,000 Stock Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Tokio Marine Asset Management Co. Ltd. grew its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 7.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 11,236 shares of the company’s stock after acquiring an additional 794 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Xcel Energy were worth $696,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Xcel Energy during the 4th quarter worth about $25,000. Criterion Capital Advisors LLC acquired a new stake in Xcel Energy in the 4th quarter valued at about $25,000. Capital Analysts LLC increased its position in Xcel Energy by 293.6% in the 4th quarter. Capital Analysts LLC now owns 433 shares of the company’s stock valued at $26,000 after acquiring an additional 323 shares in the last quarter. Royal London Asset Management Ltd. bought a new position in shares of Xcel Energy in the 3rd quarter valued at about $27,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Xcel Energy in the 3rd quarter valued at about $31,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Price Performance

Xcel Energy stock opened at $53.96 on Friday. The stock has a market capitalization of $29.97 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 2.41 and a beta of 0.36. Xcel Energy Inc. has a 52-week low of $46.79 and a 52-week high of $70.72. The stock’s 50 day moving average price is $53.77 and its two-hundred day moving average price is $58.07. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.59 and a current ratio of 0.72.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings results on Thursday, April 25th. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.08. The firm had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Xcel Energy had a return on equity of 11.12% and a net margin of 13.36%. The company’s revenue for the quarter was down 10.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.76 EPS. On average, equities analysts predict that Xcel Energy Inc. will post 3.56 earnings per share for the current year.

Xcel Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, April 20th. Investors of record on Friday, March 15th were issued a $0.548 dividend. This is a boost from Xcel Energy’s previous quarterly dividend of $0.52. This represents a $2.19 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date was Thursday, March 14th. Xcel Energy’s dividend payout ratio (DPR) is currently 65.77%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Barclays raised shares of Xcel Energy from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $61.00 to $54.00 in a research note on Monday, March 11th. JPMorgan Chase & Co. reduced their price objective on shares of Xcel Energy from $68.00 to $59.00 and set a “neutral” rating for the company in a research report on Wednesday, March 13th. Royal Bank of Canada lifted their price objective on shares of Xcel Energy from $67.00 to $68.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 30th. KeyCorp reduced their price objective on shares of Xcel Energy from $68.00 to $65.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. Finally, Evercore ISI lifted their price objective on shares of Xcel Energy from $54.00 to $59.00 and gave the stock an “outperform” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Xcel Energy presently has an average rating of “Hold” and an average target price of $62.58.

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.