Bruce & Co. Inc. Has $14.66 Million Stock Holdings in Xcel Energy Inc. $XEL

Bruce & Co. Inc. decreased its position in Xcel Energy Inc. (NASDAQ:XEL) by 5.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 184,500 shares of the company’s stock after selling 10,000 shares during the period. Xcel Energy comprises approximately 4.2% of Bruce & Co. Inc.’s portfolio, making the stock its 9th biggest holding. Bruce & Co. Inc.’s holdings in Xcel Energy were worth $14,657,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in XEL. Barclays PLC grew its position in Xcel Energy by 63.6% during the fourth quarter. Barclays PLC now owns 9,979,397 shares of the company’s stock worth $737,078,000 after buying an additional 3,881,011 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Xcel Energy by 16.9% in the fourth quarter. JPMorgan Chase & Co. now owns 24,572,438 shares of the company’s stock worth $1,814,920,000 after purchasing an additional 3,546,423 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in shares of Xcel Energy by 37.1% during the first quarter. Pictet Asset Management Holding SA now owns 8,871,863 shares of the company’s stock valued at $704,780,000 after acquiring an additional 2,399,089 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Xcel Energy by 9.0% during the second quarter. Bank of America Corp DE now owns 26,262,079 shares of the company’s stock valued at $1,788,448,000 after buying an additional 2,157,602 shares during the period. Finally, Boston Partners boosted its holdings in Xcel Energy by 4,530.7% in the fourth quarter. Boston Partners now owns 2,024,541 shares of the company’s stock valued at $149,538,000 after acquiring an additional 1,980,821 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Evercore restated an “outperform” rating and issued a $96.00 price objective on shares of Xcel Energy in a report on Monday, May 4th. Mizuho reduced their price target on Xcel Energy from $94.00 to $91.00 and set an “outperform” rating for the company in a research report on Tuesday, June 23rd. Barclays increased their price target on Xcel Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Wall Street Zen lowered shares of Xcel Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Morgan Stanley set a $89.00 price objective on shares of Xcel Energy in a research report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Xcel Energy presently has a consensus rating of “Buy” and an average price target of $92.65.

Xcel Energy Trading Up 0.7%

NASDAQ XEL opened at $80.77 on Friday. The company’s 50-day simple moving average is $79.52 and its two-hundred day simple moving average is $79.24. Xcel Energy Inc. has a one year low of $69.16 and a one year high of $84.23. The company has a market capitalization of $50.42 billion, a price-to-earnings ratio of 23.28, a price-to-earnings-growth ratio of 2.08 and a beta of 0.39. 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 released its quarterly earnings results on Wednesday, April 29th. The company reported $0.91 EPS for the quarter, meeting the consensus estimate of $0.91. Xcel Energy had a net margin of 14.14% and a return on equity of 10.37%. The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same period in the prior year, the firm posted $0.84 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. Equities analysts forecast 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 was paid on Monday, July 20th. Investors of record on Monday, June 15th were issued a dividend of $0.5925 per share. This represents a $2.37 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, June 15th. Xcel Energy’s dividend payout ratio (DPR) is 68.30%.

Xcel Energy Company 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.