SBI Okasan Asset Management Co.Ltd. Invests $1.05 Million in Xcel Energy Inc. $XEL

SBI Okasan Asset Management Co.Ltd. acquired a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL) during the 4th quarter, Holdings Channel reports. The fund acquired 14,100 shares of the company’s stock, valued at approximately $1,045,000.

A number of other large investors also recently modified their holdings of the company. Quadrant Capital Group LLC boosted its holdings in Xcel Energy by 1.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 7,358 shares of the company’s stock worth $593,000 after buying an additional 125 shares during the period. TIAA Trust National Association raised its holdings in Xcel Energy by 1.0% during the third quarter. TIAA Trust National Association now owns 12,683 shares of the company’s stock valued at $1,022,000 after acquiring an additional 126 shares during the period. Bleakley Financial Group LLC lifted its position in shares of Xcel Energy by 0.5% in the fourth quarter. Bleakley Financial Group LLC now owns 28,949 shares of the company’s stock valued at $2,138,000 after acquiring an additional 131 shares in the last quarter. Hills Bank & Trust Co boosted its stake in shares of Xcel Energy by 2.2% in the fourth quarter. Hills Bank & Trust Co now owns 6,184 shares of the company’s stock worth $457,000 after acquiring an additional 133 shares during the period. Finally, Intrust Bank NA boosted its stake in shares of Xcel Energy by 1.3% in the third quarter. Intrust Bank NA now owns 11,360 shares of the company’s stock worth $916,000 after acquiring an additional 142 shares during the period. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on XEL shares. Evercore reaffirmed an “outperform” rating and set a $96.00 price objective on shares of Xcel Energy in a report on Monday, May 4th. Argus set a $86.00 target price on shares of Xcel Energy in a research note on Thursday, March 12th. JPMorgan Chase & Co. reduced their price target on shares of Xcel Energy from $94.00 to $91.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. BTIG Research set a $94.00 price objective on shares of Xcel Energy in a report on Friday, January 30th. Finally, Wall Street Zen lowered Xcel Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Xcel Energy currently has an average rating of “Buy” and an average price target of $90.63.

Xcel Energy Stock Up 0.3%

NASDAQ XEL opened at $79.50 on Friday. The stock has a 50 day moving average price of $79.82 and a 200-day moving average price of $78.61. Xcel Energy Inc. has a one year low of $65.21 and a one year high of $84.23. The company has a market capitalization of $49.63 billion, a P/E ratio of 22.91, a P/E/G ratio of 2.06 and a beta of 0.41. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.68 and a current ratio of 0.77.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.91 earnings per share for the quarter, hitting the consensus estimate of $0.91. Xcel Energy had a net margin of 14.14% and a return on equity of 10.37%. The company had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter in the previous year, the business posted $0.84 earnings per share. Xcel Energy’s quarterly revenue was up 2.9% on a year-over-year basis. As a group, equities analysts predict that Xcel Energy Inc. will post 4.11 EPS for the current fiscal year.

Xcel Energy Dividend Announcement

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

Xcel Energy 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.