3,778 Shares in Xcel Energy Inc. (NASDAQ:XEL) Bought by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc purchased a new stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,778 shares of the company's stock, valued at approximately $267,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE raised its position in shares of Xcel Energy by 43.6% during the fourth 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 period. FMR LLC increased its stake in Xcel Energy by 118.3% during the 4th quarter. FMR LLC now owns 6,608,044 shares of the company's stock valued at $446,175,000 after purchasing an additional 3,581,436 shares in the last quarter. Zimmer Partners LP raised its holdings in Xcel Energy by 1,625.7% during the fourth quarter. Zimmer Partners LP now owns 3,667,200 shares of the company's stock worth $247,609,000 after buying an additional 3,454,700 shares during the last quarter. Pictet Asset Management Holding SA lifted its stake 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 buying an additional 3,429,353 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings 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 buying an additional 3,182,939 shares during the last quarter. 78.38% of the stock is owned by institutional investors.

Xcel Energy Stock Performance

Shares of XEL opened at $68.26 on Friday. The stock has a 50 day moving average of $69.11 and a 200 day moving average of $68.58. The company has a market capitalization of $39.37 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 2.36 and a beta of 0.36. Xcel Energy Inc. has a 12 month low of $51.97 and a 12 month high of $73.38. The company has a current ratio of 0.80, a quick ratio of 0.70 and a debt-to-equity ratio of 1.48.

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 analysts' consensus estimates of $0.95 by ($0.11). The business had revenue of $3.91 billion during 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 firm's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 EPS. As a group, sell-side analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Announces Dividend

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. This represents a $2.28 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend is Friday, June 13th. Xcel Energy's payout ratio is 67.06%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on XEL shares. Morgan Stanley lowered their target price on shares of Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. Barclays boosted their price objective on Xcel Energy from $72.00 to $73.00 and gave the stock an "overweight" rating in a report on Tuesday, April 22nd. Wells Fargo & Company set a $78.00 target price on Xcel Energy and gave the company an "overweight" rating in a report on Friday, April 25th. UBS Group lifted their target price on Xcel Energy from $73.00 to $77.00 and gave the company a "neutral" rating in a research report on Tuesday, April 1st. Finally, BMO Capital Markets increased their price target on Xcel Energy from $69.00 to $73.00 and gave the company a "market perform" rating in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Xcel Energy presently has a consensus rating of "Moderate Buy" and an average target price of $75.80.

About Xcel Energy

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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