Amundi Trims Holdings in Xcel Energy Inc. $XEL

Amundi reduced its position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 57.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 938,492 shares of the company's stock after selling 1,273,884 shares during the period. Amundi owned approximately 0.15% of Xcel Energy worth $75,361,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Quadrant Capital Group LLC grew its holdings in shares of Xcel Energy by 1.7% in the third quarter. Quadrant Capital Group LLC now owns 7,358 shares of the company's stock worth $593,000 after purchasing an additional 125 shares during the last quarter. Bleakley Financial Group LLC boosted its stake in Xcel Energy by 0.5% during the fourth quarter. Bleakley Financial Group LLC now owns 28,949 shares of the company's stock worth $2,138,000 after acquiring an additional 131 shares in the last quarter. Hills Bank & Trust Co grew its stake in shares of Xcel Energy by 2.2% in the fourth quarter. Hills Bank & Trust Co now owns 6,184 shares of the company's stock worth $457,000 after acquiring an additional 133 shares during the last quarter. Keel Point LLC increased its position in shares of Xcel Energy by 2.6% during the fourth quarter. Keel Point LLC now owns 5,485 shares of the company's stock valued at $405,000 after acquiring an additional 137 shares in the last quarter. Finally, KCM Investment Advisors LLC raised its position in Xcel Energy by 1.9% in the 1st quarter. KCM Investment Advisors LLC now owns 7,549 shares of the company's stock worth $600,000 after buying an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company's stock.

Xcel Energy Price Performance

Shares of XEL opened at $76.19 on Thursday. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.70 and a quick ratio of 0.62. The stock has a market cap of $47.59 billion, a PE ratio of 20.87, a P/E/G ratio of 2.60 and a beta of 0.39. Xcel Energy Inc. has a 1-year low of $71.35 and a 1-year high of $84.23. The firm has a 50-day simple moving average of $78.48 and a two-hundred day simple moving average of $79.55.

Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.14. Xcel Energy had a net margin of 15.28% and a return on equity of 10.65%. The firm had revenue of $3.12 billion for the quarter, compared to analysts' expectations of $3.54 billion. During the same quarter last year, the company earned $1.59 earnings per share. The firm's revenue was down 5.1% compared to the same quarter last year. As a group, analysts forecast that Xcel Energy Inc. will post 4.11 EPS for the current year.

Xcel Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Tuesday, September 15th will be given a $0.5925 dividend. This represents a $2.37 annualized dividend and a yield of 3.1%. The ex-dividend date is Tuesday, September 15th. Xcel Energy's payout ratio is 64.93%.

Wall Street Analysts Forecast Growth

XEL has been the subject of several recent research reports. New Street Research set a $91.00 price target on Xcel Energy in a report on Tuesday, June 23rd. Morgan Stanley cut their price target on Xcel Energy from $92.00 to $89.00 and set an "equal weight" rating for the company in a report on Friday, August 21st. BTIG Research reaffirmed a "buy" rating and issued a $99.00 price target on shares of Xcel Energy in a report on Friday, July 31st. Barclays raised their price target on Xcel Energy from $87.00 to $90.00 and gave the stock an "overweight" rating in a research note on Thursday, July 9th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Xcel Energy in a report on Wednesday, June 17th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $92.41.

Xcel Energy Company Profile

Xcel Energy Inc is a Minneapolis-based electric and natural gas utility holding company that serves customers across parts of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. Through its operating companies, Xcel provides electricity generation, transmission and distribution, as well as natural gas distribution and related energy services.

The company operates a diversified generating fleet that includes wind, solar, hydroelectric, nuclear, natural gas and other resources.

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