Leeward Investments LLC MA acquired a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 146,635 shares of the company's stock, valued at approximately $10,380,000.
A number of other hedge funds have also recently modified their holdings of XEL. Brighton Jones LLC purchased a new position in shares of Xcel Energy during the 4th quarter valued at $240,000. Jones Financial Companies Lllp lifted its stake in shares of Xcel Energy by 35.8% during the 4th quarter. Jones Financial Companies Lllp now owns 14,825 shares of the company's stock valued at $1,001,000 after buying an additional 3,905 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Xcel Energy during the 4th quarter valued at $76,000. Steward Partners Investment Advisory LLC lifted its stake in shares of Xcel Energy by 8.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 16,778 shares of the company's stock valued at $1,133,000 after buying an additional 1,329 shares in the last quarter. Finally, State of Michigan Retirement System lifted its stake in shares of Xcel Energy by 2.7% during the 4th 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. Institutional investors own 78.38% of the company's stock.
Xcel Energy Trading Up 1.0%
NASDAQ:XEL traded up $0.70 during mid-day trading on Friday, hitting $68.26. 2,236,072 shares of the stock traded hands, compared to its average volume of 3,608,563. The stock has a market capitalization of $39.37 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 2.38 and a beta of 0.36. Xcel Energy Inc. has a 52 week low of $51.97 and a 52 week high of $73.38. The firm's 50 day moving average is $69.09 and its two-hundred day moving average is $68.59. The company has a quick ratio of 0.70, a current ratio of 0.80 and a debt-to-equity ratio of 1.48.
Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.84 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.11). The firm had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a net margin of 14.10% and a return on equity of 10.20%. The business's revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.88 earnings per share. On average, equities research analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current year.
Xcel Energy Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Sunday, July 20th. Shareholders of record on Friday, June 13th will be paid a $0.57 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.28 dividend on an annualized basis and a yield of 3.34%. Xcel Energy's dividend payout ratio is currently 67.06%.
Analyst Ratings Changes
A number of research analysts recently weighed in on the stock. BMO Capital Markets lifted their target price on shares of Xcel Energy from $69.00 to $73.00 and gave the company a "market perform" rating in a research note on Wednesday, April 23rd. Morgan Stanley decreased their price target on shares of Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 18th. UBS Group boosted their price target on shares of Xcel Energy from $73.00 to $77.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 1st. Barclays boosted their price target on shares of Xcel Energy from $72.00 to $73.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company set a $78.00 target price on shares of Xcel Energy and gave the company an "overweight" rating in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Xcel Energy has an average rating of "Moderate Buy" and a consensus target price of $75.80.
Check Out Our Latest Stock Analysis on Xcel Energy
About Xcel Energy
(
Free Report)
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.
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