ICICI Prudential Asset Management Co Ltd Has $505,000 Stock Holdings in Xcel Energy Inc. (NASDAQ:XEL)

ICICI Prudential Asset Management Co Ltd increased its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 2.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,478 shares of the company’s stock after purchasing an additional 201 shares during the period. ICICI Prudential Asset Management Co Ltd’s holdings in Xcel Energy were worth $505,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Global Retirement Partners LLC raised its position in Xcel Energy by 7.7% in the fourth quarter. Global Retirement Partners LLC now owns 3,943 shares of the company’s stock worth $266,000 after purchasing an additional 283 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund increased its holdings in shares of Xcel Energy by 6.8% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 17,623 shares of the company’s stock worth $1,190,000 after buying an additional 1,117 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in shares of Xcel Energy during the fourth quarter worth approximately $221,000. Atria Wealth Solutions Inc. increased its holdings in shares of Xcel Energy by 116.0% during the fourth quarter. Atria Wealth Solutions Inc. now owns 16,515 shares of the company’s stock worth $1,115,000 after buying an additional 8,868 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of Xcel Energy by 21.6% during the fourth quarter. Venturi Wealth Management LLC now owns 9,059 shares of the company’s stock worth $612,000 after buying an additional 1,611 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Price Performance

Shares of XEL stock opened at $68.54 on Wednesday. Xcel Energy Inc. has a 52-week low of $46.79 and a 52-week high of $73.38. The stock has a market cap of $39.36 billion, a PE ratio of 19.92, a PEG ratio of 2.59 and a beta of 0.43. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. The firm’s 50 day moving average price is $67.03 and its two-hundred day moving average price is $65.49.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. As a group, analysts forecast that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Monday, January 6th were given a dividend of $0.5475 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.20%. Xcel Energy’s dividend payout ratio is 63.66%.

Analyst Ratings Changes

XEL has been the subject of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of Xcel Energy from $72.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Morgan Stanley dropped their price objective on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Barclays decreased their price target on shares of Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 22nd. KeyCorp increased their price target on shares of Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Finally, Jefferies Financial Group raised shares of Xcel Energy from a “hold” rating to a “buy” rating and increased their price target for the company from $71.00 to $76.00 in a research note on Friday, November 1st. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Xcel Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.91.

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.