Commerce Bank acquired a new stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 157,794 shares of the company's stock, valued at approximately $12,671,000.
Other large investors also recently bought and sold shares of the company. Evolution Wealth Management Inc. increased its position in shares of Xcel Energy by 365.3% during the first quarter. Evolution Wealth Management Inc. now owns 349 shares of the company's stock valued at $28,000 after acquiring an additional 274 shares during the last quarter. Garton & Associates Financial Advisors LLC purchased a new position in shares of Xcel Energy during the 4th quarter worth approximately $30,000. Pittenger & Anderson Inc. increased its holdings in Xcel Energy by 73.8% in the 4th quarter. Pittenger & Anderson Inc. now owns 471 shares of the company's stock valued at $35,000 after purchasing an additional 200 shares during the last quarter. Advocate Investing Services LLC purchased a new stake in Xcel Energy in the fourth quarter valued at approximately $38,000. Finally, Cedar Mountain Advisors LLC purchased a new stake in Xcel Energy in the first quarter valued at approximately $39,000. Institutional investors and hedge funds own 78.38% of the company's stock.
Xcel Energy Stock Down 3.1%
Shares of NASDAQ XEL opened at $76.30 on Friday. The stock has a market cap of $47.66 billion, a P/E ratio of 20.90, a PEG ratio of 1.98 and a beta of 0.39. The business's fifty day simple moving average is $79.35 and its 200-day simple moving average is $79.70. Xcel Energy Inc. has a 12-month low of $71.29 and a 12-month high of $84.23. The company has a current ratio of 0.70, a quick ratio of 0.62 and a debt-to-equity ratio of 1.49.
Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.14. The company had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.54 billion. Xcel Energy had a return on equity of 10.65% and a net margin of 15.28%.Xcel Energy's revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.59 EPS. As a group, equities analysts predict that Xcel Energy Inc. will post 4.12 EPS for the current fiscal year.
Xcel Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.5925 per share. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Tuesday, September 15th. Xcel Energy's dividend payout ratio is presently 64.93%.
Analyst Ratings Changes
XEL has been the subject of several research analyst reports. New Street Research set a $91.00 price target on Xcel Energy in a research report on Tuesday, June 23rd. BTIG Research reissued a "buy" rating and set a $99.00 target price on shares of Xcel Energy in a research note on Friday, July 31st. Mizuho set a $92.00 target price on Xcel Energy in a report on Friday, July 31st. Wall Street Zen downgraded Xcel Energy from a "hold" rating to a "sell" rating in a research report on Saturday, May 9th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Xcel Energy in a research report on Wednesday, June 17th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $92.41.
Read Our Latest Stock Analysis on XEL
About Xcel Energy
(
Free Report)
Xcel Energy NASDAQ: XEL is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company's core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.
Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.
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