Massachusetts Financial Services Co. MA Purchases 807,353 Shares of Xcel Energy Inc. $XEL

Massachusetts Financial Services Co. MA raised its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 4.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 19,526,873 shares of the company’s stock after purchasing an additional 807,353 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Xcel Energy were worth $1,574,842,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. State Street Corp grew its stake in shares of Xcel Energy by 0.4% in the second quarter. State Street Corp now owns 34,144,257 shares of the company’s stock worth $2,344,295,000 after acquiring an additional 126,790 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Xcel Energy by 9.0% during the second quarter. Bank of America Corp DE now owns 26,262,079 shares of the company’s stock valued at $1,788,448,000 after buying an additional 2,157,602 shares during the last quarter. Geode Capital Management LLC raised its holdings in Xcel Energy by 2.9% in the 2nd quarter. Geode Capital Management LLC now owns 16,191,204 shares of the company’s stock worth $1,108,006,000 after acquiring an additional 460,103 shares during the last quarter. Invesco Ltd. boosted its stake in Xcel Energy by 29.0% during the 2nd quarter. Invesco Ltd. now owns 7,366,422 shares of the company’s stock valued at $501,653,000 after purchasing an additional 1,654,505 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Xcel Energy by 7.8% in the second quarter. Legal & General Group Plc now owns 5,652,073 shares of the company’s stock worth $384,906,000 after purchasing an additional 411,140 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Up 0.3%

XEL opened at $75.61 on Friday. Xcel Energy Inc. has a fifty-two week low of $65.21 and a fifty-two week high of $83.01. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.69 and a current ratio of 0.79. The stock has a market cap of $44.73 billion, a price-to-earnings ratio of 23.05, a price-to-earnings-growth ratio of 2.07 and a beta of 0.46. The firm’s fifty day moving average is $76.65 and its 200 day moving average is $75.51.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $1.24 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.08). The business had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.89 billion. Xcel Energy had a net margin of 13.46% and a return on equity of 10.45%. Xcel Energy’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.25 earnings per share. On average, sell-side analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 20th. Shareholders of record on Monday, December 29th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Monday, December 29th. Xcel Energy’s dividend payout ratio (DPR) is 69.51%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Mizuho set a $86.00 target price on Xcel Energy in a research report on Friday, January 9th. Jefferies Financial Group upped their price objective on Xcel Energy from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. BMO Capital Markets boosted their price target on Xcel Energy from $84.00 to $87.00 and gave the company an “outperform” rating in a research note on Wednesday, October 15th. TD Cowen began coverage on shares of Xcel Energy in a research report on Thursday, October 16th. They set a “buy” rating and a $93.00 target price for the company. Finally, Royal Bank Of Canada started coverage on shares of Xcel Energy in a research report on Tuesday, October 28th. They issued a “moderate buy” rating on the stock. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $87.00.

Xcel Energy Profile

Xcel Energy (NASDAQ: XEL) is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company’s core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.

Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.