25,191 Shares in Xcel Energy Inc. (NASDAQ:XEL) Bought by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC bought a new position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 25,191 shares of the company's stock, valued at approximately $1,783,000.

Several other large investors also recently bought and sold shares of XEL. Bank of America Corp DE raised its position in shares of Xcel Energy by 43.6% during the 4th quarter. Bank of America Corp DE now owns 20,762,745 shares of the company's stock worth $1,401,901,000 after purchasing an additional 6,306,380 shares during the last quarter. FMR LLC increased its position in Xcel Energy by 118.3% during the fourth quarter. FMR LLC now owns 6,608,044 shares of the company's stock worth $446,175,000 after buying an additional 3,581,436 shares in the last quarter. Zimmer Partners LP raised its holdings in shares of Xcel Energy by 1,625.7% in the fourth quarter. Zimmer Partners LP now owns 3,667,200 shares of the company's stock worth $247,609,000 after acquiring an additional 3,454,700 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in shares of Xcel Energy by 236.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 4,878,279 shares of the company's stock valued at $329,381,000 after acquiring an additional 3,429,353 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Xcel Energy by 379.3% during the fourth quarter. Janus Henderson Group PLC now owns 4,022,085 shares of the company's stock valued at $271,578,000 after acquiring an additional 3,182,939 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company's stock.

Xcel Energy Price Performance

Xcel Energy stock opened at $67.78 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.70 and a current ratio of 0.80. The company has a market cap of $39.09 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 2.36 and a beta of 0.37. Xcel Energy Inc. has a 1 year low of $51.97 and a 1 year high of $73.38. The firm has a 50 day moving average price of $69.30 and a 200 day moving average price of $68.58.

Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.11). The company had revenue of $3.91 billion for the quarter, compared to analysts' expectations of $3.93 billion. Xcel Energy had a net margin of 14.10% and a return on equity of 10.20%. The firm's quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 earnings per share. Sell-side analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, July 20th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.57 per share. The ex-dividend date is Friday, June 13th. This represents a $2.28 annualized dividend and a yield of 3.36%. Xcel Energy's dividend payout ratio is presently 67.06%.

Analysts Set New Price Targets

A number of analysts recently commented on XEL shares. Barclays lifted their price objective on Xcel Energy from $72.00 to $73.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 22nd. BMO Capital Markets lifted their price target on shares of Xcel Energy from $69.00 to $73.00 and gave the stock a "market perform" rating in a report on Wednesday, April 23rd. UBS Group boosted their price objective on shares of Xcel Energy from $73.00 to $77.00 and gave the company a "neutral" rating in a research report on Tuesday, April 1st. Evercore ISI raised their target price on shares of Xcel Energy from $74.00 to $77.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. Finally, Wells Fargo & Company set a $78.00 target price on shares of Xcel Energy and gave the stock an "overweight" rating in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $75.80.

Xcel Energy Profile

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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