Commerzbank Aktiengesellschaft FI Has $1.92 Million Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

Commerzbank Aktiengesellschaft FI raised its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 19.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,087 shares of the company's stock after purchasing an additional 4,340 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in Xcel Energy were worth $1,918,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. BankPlus Trust Department acquired a new position in Xcel Energy during the 1st quarter worth approximately $34,000. Rossby Financial LCC acquired a new stake in shares of Xcel Energy during the first quarter worth $50,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Xcel Energy during the fourth quarter worth $52,000. Alpine Bank Wealth Management acquired a new position in Xcel Energy in the first quarter valued at about $53,000. Finally, Creative Financial Designs Inc. ADV raised its stake in Xcel Energy by 23.2% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 827 shares of the company's stock valued at $56,000 after purchasing an additional 156 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Stock Up 0.7%

Xcel Energy stock opened at $69.65 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.70 and a current ratio of 0.80. The business's 50-day simple moving average is $68.71 and its two-hundred day simple moving average is $68.64. The company has a market cap of $40.17 billion, a PE ratio of 20.49, a PEG ratio of 2.41 and a beta of 0.36. Xcel Energy Inc. has a fifty-two week low of $54.97 and a fifty-two week high of $73.38.

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 analysts' consensus estimates of $0.95 by ($0.11). Xcel Energy had a return on equity of 10.20% and a net margin of 14.10%. The business had revenue of $3.91 billion for the quarter, compared to analysts' expectations of $3.93 billion. During the same quarter in the prior year, the company posted $0.88 EPS. The business's revenue for the quarter was up 7.0% compared to the same quarter last year. Equities analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, July 20th. Investors of record on Friday, June 13th will be issued a $0.57 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.28 dividend on an annualized basis and a yield of 3.27%. Xcel Energy's dividend payout ratio (DPR) is presently 67.06%.

Analyst Ratings Changes

A number of equities analysts have issued reports on XEL shares. Barclays increased 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. UBS Group raised their target price on Xcel Energy from $73.00 to $77.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 1st. Evercore ISI boosted their target price on Xcel Energy from $74.00 to $77.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. Wall Street Zen cut Xcel Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, May 20th. Finally, Morgan Stanley reduced their price target on Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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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