Cidel Asset Management Inc. Has $295,000 Stock Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Cidel Asset Management Inc. grew its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 5.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,366 shares of the company’s stock after purchasing an additional 209 shares during the period. Cidel Asset Management Inc.’s holdings in Xcel Energy were worth $295,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of XEL. Conning Inc. increased its holdings in shares of Xcel Energy by 8.3% during the fourth quarter. Conning Inc. now owns 4,228 shares of the company’s stock worth $285,000 after buying an additional 323 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in Xcel Energy during the 4th quarter worth $126,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Xcel Energy by 9.3% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 77,846 shares of the company’s stock worth $5,256,000 after acquiring an additional 6,592 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in Xcel Energy by 0.4% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,452,157 shares of the company’s stock worth $98,050,000 after purchasing an additional 5,817 shares in the last quarter. Finally, Tandem Financial LLC bought a new position in Xcel Energy in the fourth quarter valued at about $109,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Stock Performance

XEL stock opened at $66.60 on Friday. The firm has a market cap of $38.24 billion, a PE ratio of 19.36, a price-to-earnings-growth ratio of 2.54 and a beta of 0.43. 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 50-day moving average price of $67.35 and a 200-day moving average price of $64.89. Xcel Energy Inc. has a 1-year low of $46.79 and a 1-year high of $73.38.

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

Xcel Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Monday, January 6th were given a dividend of $0.5475 per share. The ex-dividend date was Monday, January 6th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.29%. Xcel Energy’s payout ratio is presently 63.66%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on XEL. Jefferies Financial Group upgraded Xcel Energy from a “hold” rating to a “buy” rating and boosted their price target for the stock from $71.00 to $76.00 in a report on Friday, November 1st. Wells Fargo & Company boosted their target price on shares of Xcel Energy from $72.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday. JPMorgan Chase & Co. raised shares of Xcel Energy from a “neutral” rating to an “overweight” rating and raised their price target for the company from $69.00 to $80.00 in a research note on Thursday, December 12th. KeyCorp boosted their price objective on shares of Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Finally, Barclays decreased their price objective on Xcel Energy from $71.00 to $69.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.91.

About Xcel Energy

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.