Carlson Capital Management lessened its stake in shares of Xcel Energy Inc. (NASDAQ:XEL – Get Rating) by 5.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,616 shares of the company's stock after selling 898 shares during the period. Carlson Capital Management's holdings in Xcel Energy were worth $1,176,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp grew its stake in shares of Xcel Energy by 7.9% in the first quarter. State Street Corp now owns 29,779,102 shares of the company's stock worth $2,163,350,000 after acquiring an additional 2,169,201 shares during the last quarter. BlackRock Inc. grew its stake in shares of Xcel Energy by 3.3% in the fourth quarter. BlackRock Inc. now owns 54,190,365 shares of the company's stock worth $3,668,687,000 after acquiring an additional 1,755,729 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Xcel Energy by 19,643.3% in the fourth quarter. Marshall Wace LLP now owns 1,579,861 shares of the company's stock worth $106,957,000 after acquiring an additional 1,571,859 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Xcel Energy by 56.5% in the first quarter. Bank of America Corp DE now owns 4,108,940 shares of the company's stock worth $296,543,000 after acquiring an additional 1,482,671 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Xcel Energy by 2.6% in the first quarter. Vanguard Group Inc. now owns 50,043,375 shares of the company's stock worth $3,611,630,000 after acquiring an additional 1,263,127 shares during the last quarter. Institutional investors and hedge funds own 77.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on XEL. UBS Group decreased their price target on shares of Xcel Energy from $74.00 to $71.00 and set a "neutral" rating on the stock in a research note on Thursday, June 30th. Morgan Stanley lifted their price target on shares of Xcel Energy from $69.00 to $74.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 23rd. Credit Suisse Group decreased their price target on shares of Xcel Energy to $77.00 in a research note on Thursday, June 9th. Finally, Barclays decreased their price target on shares of Xcel Energy from $82.00 to $78.00 and set an "overweight" rating on the stock in a research note on Monday, July 18th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Xcel Energy currently has an average rating of "Moderate Buy" and an average price target of $74.40.

Xcel Energy Trading Down 2.3 %

Xcel Energy (NASDAQ:XEL – Get Rating) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.60. Xcel Energy had a return on equity of 10.45% and a net margin of 11.66%. The business had revenue of $3.42 billion during the quarter, compared to analysts' expectations of $3.18 billion. As a group, sell-side analysts anticipate that Xcel Energy Inc. will post 3.17 EPS for the current fiscal year.

Xcel Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 20th. Investors of record on Thursday, September 15th will be issued a $0.4875 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 2.79%. Xcel Energy's dividend payout ratio is 64.78%.

About Xcel Energy

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Xcel Energy Inc, through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources.

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