BNC Wealth Management LLC acquired a new stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,629 shares of the company's stock, valued at approximately $398,000.
Other institutional investors have also modified their holdings of the company. NorthCrest Asset Manangement LLC grew its stake in Xcel Energy by 15.9% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 4,656 shares of the company's stock worth $330,000 after purchasing an additional 638 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in Xcel Energy during the 1st quarter worth $847,000. Fifth Third Bancorp lifted its holdings in Xcel Energy by 1.7% during the 1st quarter. Fifth Third Bancorp now owns 42,748 shares of the company's stock worth $3,026,000 after buying an additional 710 shares during the last quarter. Simon Quick Advisors LLC lifted its holdings in Xcel Energy by 22.9% during the 1st quarter. Simon Quick Advisors LLC now owns 7,496 shares of the company's stock worth $531,000 after buying an additional 1,395 shares during the last quarter. Finally, Capital Advisory Group Advisory Services LLC lifted its holdings in Xcel Energy by 4.0% during the 1st quarter. Capital Advisory Group Advisory Services LLC now owns 10,483 shares of the company's stock worth $742,000 after buying an additional 406 shares during the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on XEL shares. Morgan Stanley set a $78.00 price target on Xcel Energy and gave the stock an "equal weight" rating in a report on Thursday, May 22nd. Wells Fargo & Company set a $78.00 price target on Xcel Energy and gave the stock an "overweight" rating in a report on Friday, April 25th. UBS Group lifted their price target on Xcel Energy from $73.00 to $77.00 and gave the stock a "neutral" rating in a report on Tuesday, April 1st. Evercore ISI lifted their price target on Xcel Energy from $74.00 to $77.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. Finally, Barclays lifted 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $75.90.
Read Our Latest Report on XEL
Xcel Energy Stock Performance
Shares of Xcel Energy stock traded down $1.45 on Friday, hitting $67.62. The stock had a trading volume of 2,859,628 shares, compared to its average volume of 3,576,493. Xcel Energy Inc. has a 52-week low of $51.97 and a 52-week high of $73.38. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. The stock has a market cap of $39.00 billion, a price-to-earnings ratio of 19.66, a P/E/G ratio of 2.62 and a beta of 0.37. The company's 50 day moving average price is $69.74 and its 200 day moving average price is $68.82.
Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its quarterly earnings results 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 during the quarter, compared to analyst estimates of $3.93 billion. Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. The business's revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.88 EPS. On average, research analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current year.
Xcel Energy Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Sunday, July 20th. Investors of record on Friday, June 13th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend is Friday, June 13th. Xcel Energy's dividend payout ratio (DPR) is presently 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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