AMG National Trust Bank Has $2.37 Million Holdings in Xcel Energy Inc. (NASDAQ:XEL)

AMG National Trust Bank grew its position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 598.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,466 shares of the company's stock after buying an additional 28,677 shares during the quarter. AMG National Trust Bank's holdings in Xcel Energy were worth $2,369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in XEL. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Xcel Energy by 18.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 472,344 shares of the company's stock valued at $33,437,000 after acquiring an additional 73,036 shares during the last quarter. Financial Gravity Asset Management Inc. bought a new position in shares of Xcel Energy in the first quarter valued at approximately $329,000. Pinnacle Financial Partners Inc acquired a new stake in shares of Xcel Energy in the first quarter worth $267,000. China Universal Asset Management Co. Ltd. lifted its stake in shares of Xcel Energy by 51.9% in the first quarter. China Universal Asset Management Co. Ltd. now owns 14,191 shares of the company's stock worth $1,011,000 after buying an additional 4,846 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of Xcel Energy by 28.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 26,448 shares of the company's stock worth $1,872,000 after buying an additional 5,883 shares during the period. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Price Performance

Shares of Xcel Energy stock opened at $70.38 on Friday. The stock has a market capitalization of $40.59 billion, a price-to-earnings ratio of 20.70, a P/E/G ratio of 2.46 and a beta of 0.36. 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 Inc. has a 1-year low of $55.02 and a 1-year high of $73.38. The firm's 50-day moving average price is $68.71 and its two-hundred day moving average price is $68.66.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly earnings results 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). Xcel Energy had a net margin of 14.10% and a return on equity of 10.20%. The business had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.93 billion. During the same period in the prior year, the firm earned $0.88 earnings per share. The business's quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, July 20th. Shareholders of record on Friday, June 13th will be given a dividend of $0.57 per share. 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 3.24%. Xcel Energy's payout ratio is presently 67.06%.

Analyst Ratings Changes

XEL has been the subject of several recent analyst reports. Evercore ISI increased their target price on Xcel Energy from $74.00 to $77.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. Barclays upped their price target 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 price objective on shares of Xcel Energy and gave the stock an "overweight" rating in a research note on Friday, April 25th. Morgan Stanley dropped 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 research report on Wednesday, June 18th. Finally, Wall Street Zen cut shares of Xcel Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, May 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, Xcel Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $75.80.

Xcel Energy Company 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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