Cbre Investment Management Listed Real Assets LLC Has $73.77 Million Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Cbre Investment Management Listed Real Assets LLC cut its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 23.0% in the 4th quarter, HoldingsChannel reports. The fund owned 1,092,519 shares of the company’s stock after selling 327,142 shares during the quarter. Xcel Energy makes up 1.3% of Cbre Investment Management Listed Real Assets LLC’s investment portfolio, making the stock its 27th largest position. Cbre Investment Management Listed Real Assets LLC’s holdings in Xcel Energy were worth $73,767,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Atria Investments Inc raised its position in shares of Xcel Energy by 4.9% in the fourth quarter. Atria Investments Inc now owns 84,467 shares of the company’s stock valued at $5,703,000 after buying an additional 3,919 shares in the last quarter. Assetmark Inc. raised its position in shares of Xcel Energy by 4.4% in the fourth quarter. Assetmark Inc. now owns 145,564 shares of the company’s stock valued at $9,828,000 after buying an additional 6,134 shares in the last quarter. Cookson Peirce & Co. Inc. acquired a new stake in shares of Xcel Energy in the fourth quarter valued at approximately $957,000. Charles Schwab Investment Management Inc. raised its position in shares of Xcel Energy by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,625,848 shares of the company’s stock valued at $244,817,000 after buying an additional 208,233 shares in the last quarter. Finally, State of Michigan Retirement System raised its position in shares of Xcel Energy by 2.7% in the fourth quarter. State of Michigan Retirement System now owns 155,894 shares of the company’s stock valued at $10,526,000 after buying an additional 4,100 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wells Fargo & Company boosted their price objective on shares of Xcel Energy from $72.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. raised shares of Xcel Energy from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $69.00 to $80.00 in a research note on Thursday, December 12th. Morgan Stanley decreased their target price on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. KeyCorp boosted their target price 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 target price 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. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.91.

Xcel Energy Stock Performance

Shares of Xcel Energy stock opened at $70.03 on Wednesday. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $73.38. The company’s fifty day moving average is $67.57 and its 200 day moving average is $66.33. The stock has a market cap of $40.21 billion, a price-to-earnings ratio of 20.36, a P/E/G ratio of 2.62 and a beta of 0.43. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42.

Xcel Energy (NASDAQ:XEL) last released 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 net margin of 14.40% and a return on equity of 10.65%. Sell-side analysts forecast that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 20th. Investors of record on Friday, March 14th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Xcel Energy’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a yield of 3.26%. Xcel Energy’s dividend payout ratio (DPR) is 66.28%.

Xcel Energy Company 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.