Harvest Fund Management Co. Ltd Has $11.54 Million Holdings in Xcel Energy Inc. $XEL

Harvest Fund Management Co. Ltd boosted its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 38.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 158,332 shares of the company’s stock after buying an additional 44,246 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Xcel Energy were worth $11,541,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC acquired a new stake in Xcel Energy during the 3rd quarter worth about $27,000. Abound Wealth Management raised its holdings in Xcel Energy by 394.5% during the 4th quarter. Abound Wealth Management now owns 361 shares of the company’s stock worth $27,000 after buying an additional 288 shares during the period. Beacon Financial Strategies CORP acquired a new stake in Xcel Energy during the 4th quarter worth about $33,000. Collier Financial acquired a new stake in Xcel Energy during the 3rd quarter worth about $38,000. Finally, Pittenger & Anderson Inc. raised its holdings in Xcel Energy by 73.8% during the 4th quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock worth $35,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Trading Up 0.5%

Shares of NASDAQ XEL opened at $77.77 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.68 and a current ratio of 0.77. The stock has a market cap of $48.55 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 2.01 and a beta of 0.39. The business has a 50 day simple moving average of $79.78 and a 200 day simple moving average of $78.51. Xcel Energy Inc. has a 52 week low of $65.21 and a 52 week high of $84.23.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Wednesday, April 29th. The company reported $0.91 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.91. The firm had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.21 billion. Xcel Energy had a net margin of 14.14% and a return on equity of 10.37%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.84 earnings per share. On average, research analysts predict that Xcel Energy Inc. will post 4.11 earnings per share for the current fiscal year.

Xcel Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, June 15th will be paid a $0.5925 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.37 dividend on an annualized basis and a yield of 3.0%. Xcel Energy’s payout ratio is 68.30%.

Wall Street Analyst Weigh In

Several research firms have issued reports on XEL. Argus set a $86.00 price objective on Xcel Energy in a report on Thursday, March 12th. UBS Group boosted their price objective on Xcel Energy from $89.00 to $91.00 and gave the stock a “buy” rating in a report on Monday, April 20th. KeyCorp lifted their target price on Xcel Energy from $89.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. BMO Capital Markets lifted their target price on Xcel Energy from $90.00 to $94.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Finally, Weiss Ratings raised Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 20th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Xcel Energy presently has an average rating of “Buy” and an average price target of $90.63.

Xcel Energy Company 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.