Integrated Advisors Network LLC acquired a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 41,538 shares of the company's stock, valued at approximately $2,940,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of XEL. Jones Financial Companies Lllp boosted its holdings in shares of Xcel Energy by 35.8% during the fourth quarter. Jones Financial Companies Lllp now owns 14,825 shares of the company's stock worth $1,001,000 after purchasing an additional 3,905 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Xcel Energy by 12.0% during the fourth quarter. Van ECK Associates Corp now owns 179,013 shares of the company's stock worth $12,086,000 after purchasing an additional 19,230 shares during the period. Edge Capital Group LLC purchased a new stake in shares of Xcel Energy during the fourth quarter worth about $14,067,000. UniSuper Management Pty Ltd boosted its holdings in shares of Xcel Energy by 22.3% during the fourth quarter. UniSuper Management Pty Ltd now owns 49,882 shares of the company's stock worth $3,368,000 after purchasing an additional 9,110 shares during the period. Finally, Ethic Inc. boosted its holdings in shares of Xcel Energy by 55.0% during the fourth quarter. Ethic Inc. now owns 23,030 shares of the company's stock worth $1,555,000 after purchasing an additional 8,168 shares during the period. 78.38% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
XEL has been the subject of several research analyst reports. Morgan Stanley set a $78.00 price objective on shares of Xcel Energy and gave the stock an "equal weight" rating in a report on Thursday, May 22nd. UBS Group raised their price objective on shares of Xcel Energy from $73.00 to $77.00 and gave the stock a "neutral" rating in a report on Tuesday, April 1st. BMO Capital Markets raised their price objective 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. Wall Street Zen lowered shares of Xcel Energy from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. Finally, Wells Fargo & Company set a $78.00 price objective on shares of Xcel Energy and gave the stock an "overweight" rating in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $75.90.
Check Out Our Latest Stock Analysis on Xcel Energy
Xcel Energy Trading Down 2.1%
NASDAQ:XEL traded down $1.45 during mid-day trading on Friday, hitting $67.62. 2,859,628 shares of the stock traded hands, compared to its average volume of 3,571,790. The stock has a market capitalization of $39.00 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 2.62 and a beta of 0.37. 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 $69.74 and its two-hundred day moving average is $68.85. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42.
Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.84 EPS for the quarter, missing analysts' consensus estimates of $0.95 by ($0.11). The company had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. Xcel Energy's revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $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 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. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.28 dividend on an annualized basis and a yield of 3.37%. Xcel Energy's dividend payout ratio is currently 67.06%.
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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