Rosenberg Matthew Hamilton Sells 1,409 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Rosenberg Matthew Hamilton reduced its position in Xcel Energy Inc. (NASDAQ:XEL) by 34.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,679 shares of the company’s stock after selling 1,409 shares during the period. Rosenberg Matthew Hamilton’s holdings in Xcel Energy were worth $181,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in shares of Xcel Energy during the 3rd quarter worth approximately $25,000. Transcendent Capital Group LLC acquired a new stake in Xcel Energy during the 3rd quarter valued at $33,000. Kimelman & Baird LLC bought a new position in Xcel Energy during the second quarter worth $35,000. West Financial Advisors LLC acquired a new position in shares of Xcel Energy in the third quarter valued at $43,000. Finally, First Financial Corp IN bought a new position in shares of Xcel Energy in the fourth quarter valued at about $46,000. Institutional investors own 78.38% of the company’s stock.

Wall Street Analysts Forecast Growth

XEL has been the subject of several research analyst reports. Jefferies Financial Group raised shares of Xcel Energy from a “hold” rating to a “buy” rating and lifted their target price for the stock from $71.00 to $76.00 in a report on Friday, November 1st. KeyCorp upped their target price on Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Wells Fargo & Company raised Xcel Energy from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $70.00 to $72.00 in a report on Monday. UBS Group boosted their price target on Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Finally, Barclays increased their price objective on Xcel Energy from $67.00 to $71.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $69.67.

Xcel Energy Price Performance

Shares of NASDAQ:XEL opened at $63.62 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $36.53 billion, a PE ratio of 18.88, a PEG ratio of 2.79 and a beta of 0.42. The firm has a 50 day moving average of $68.50 and a 200-day moving average of $63.30. Xcel Energy Inc. has a 12 month low of $46.79 and a 12 month high of $73.38.

Xcel Energy (NASDAQ:XEL) last released its earnings results on Thursday, October 31st. The company reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.01). Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.93 billion. During the same quarter in the previous year, the company earned $1.23 earnings per share. The firm’s revenue for the quarter was down .5% on a year-over-year basis. On average, equities research analysts predict that Xcel Energy Inc. will post 3.54 EPS for the current fiscal year.

Xcel Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Monday, January 6th will be given a $0.5475 dividend. This represents a $2.19 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend is Monday, January 6th. Xcel Energy’s dividend payout ratio is presently 64.99%.

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.