Denali Advisors closed out its stake in shares of Xcel Energy Inc (NYSE:XEL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm previously had a 99,400 share stake in the company, valued at approximately $3,734,458. Denali Advisors was fully divested from the company by the time it had filed its quarterly Form 13F disclosure.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Jennison Associates boosted its position in Xcel Energy by 38.4% in the third quarter. Jennison Associates now owns 2,506,658 shares of the company’s stock valued at $88,761,000 after buying an additional 695,228 shares during the period. TrimTabs Asset Management acquired a new stake in shares of Xcel Energy during the third quarter worth approximately $2,392,000. Pensionfund DSM Netherlands acquired a new stake in shares of Xcel Energy during the fourth quarter worth approximately $2,693,000. EisnerAmper Wealth Management raised its stake in shares of Xcel Energy by 7.1% in the fourth quarter. EisnerAmper Wealth Management now owns 21,370 shares of the company’s stock worth $767,000 after buying an additional 1,411 shares in the last quarter. Finally, Pensionfund Sabic raised its stake in shares of Xcel Energy by 50.0% in the fourth quarter. Pensionfund Sabic now owns 42,000 shares of the company’s stock worth $1,508,000 after buying an additional 14,000 shares in the last quarter.

Xcel Energy Inc (NYSE:XEL) traded up 2.43% during mid-day trading on Thursday, reaching $37.57. 3,168,006 shares of the company’s stock traded hands. The company has a 50 day moving average price of $36.16 and a 200-day moving average price of $35.15. Xcel Energy Inc has a 12 month low of $31.76 and a 12 month high of $38.35. The stock has a market cap of $19.07 billion and a P/E ratio of 19.61.

Xcel Energy (NYSE:XEL) last released its quarterly earnings results on Thursday, January 28th. The company reported $0.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.41. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $3.38 billion. The firm’s revenue for the quarter was down 9.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.39 EPS. On average, analysts anticipate that Xcel Energy Inc will post $2.10 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 20th. Stockholders of record on Thursday, December 24th were given a dividend of $0.32 per share. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.27. This represents a $1.28 annualized dividend and a dividend yield of 3.41%. The ex-dividend date was Tuesday, December 22nd.

A number of analysts have recently commented on XEL shares. Zacks Investment Research raised shares of Xcel Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, September 30th. SunTrust reissued a “hold” rating on shares of Xcel Energy in a research report on Monday, October 19th. Jefferies Group lowered shares of Xcel Energy from a “buy” rating to a “hold” rating and cut their price objective for the stock from $38.00 to $37.00 in a research report on Friday, October 16th. Barclays reissued an “overweight” rating and issued a $40.00 price objective (up previously from $39.00) on shares of Xcel Energy in a research report on Monday, January 4th. Finally, Macquarie boosted their price objective on shares of Xcel Energy from $36.50 to $38.00 in a research report on Thursday, January 14th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $36.67.

Xcel Energy Inc. is a public utility holding company. The Company’s operations include the activity of four wholly owned utility subsidiaries that serve electric and natural gas customers in eight states. These utility subsidiaries are NSP-Minnesota NSP-Wisconsin, Public Service Company of Colorado (NYSE:XEL) and Southwestern Public Service Co. (SPS) and serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. Its segments include regulated electric utility, regulated natural gas utility and all other. The regulated electric utility segment generates, transmits and distributes electricity in Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Colorado, Texas and New Mexico. Regulated electric utility also includes commodity trading operations. The regulated natural gas utility segment transports, stores and distributes natural gas primarily in portions of Minnesota, Wisconsin, North Dakota, Michigan and Colorado.

12 Month Chart for NYSE:XEL

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