Cwm LLC Lowers Position in Xcel Energy Inc. (NASDAQ:XEL)

CWM LLC decreased its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 14.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,739 shares of the company's stock after selling 12,034 shares during the quarter. CWM LLC's holdings in Xcel Energy were worth $5,008,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. BankPlus Trust Department purchased a new position in shares of Xcel Energy during the 1st quarter valued at $34,000. Rossby Financial LCC purchased a new position in shares of Xcel Energy during the 1st quarter valued at $50,000. Alpine Bank Wealth Management purchased a new position in shares of Xcel Energy during the 1st quarter valued at $53,000. Itau Unibanco Holding S.A. purchased a new position in Xcel Energy in the fourth quarter worth $52,000. Finally, Creative Financial Designs Inc. ADV grew its position in Xcel Energy by 23.2% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 827 shares of the company's stock worth $56,000 after acquiring an additional 156 shares in the last quarter. Institutional investors own 78.38% of the company's stock.

Xcel Energy Trading Up 1.1%

Shares of Xcel Energy stock traded up $0.77 during trading on Friday, reaching $70.42. 3,421,047 shares of the stock were exchanged, compared to its average volume of 3,601,149. The company has a quick ratio of 0.70, a current ratio of 0.80 and a debt-to-equity ratio of 1.48. The stock's fifty day moving average is $68.71 and its 200 day moving average is $68.64. The firm has a market cap of $40.62 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 2.41 and a beta of 0.36. Xcel Energy Inc. has a 1 year low of $54.97 and a 1 year high of $73.38.

Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.84 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.11). Xcel Energy had a return on equity of 10.20% and a net margin of 14.10%. The company had revenue of $3.91 billion during the quarter, compared to analysts' expectations of $3.93 billion. During the same quarter last year, the business earned $0.88 earnings per share. The business's quarterly revenue was up 7.0% on a year-over-year basis. As a group, equities research analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, July 20th. Shareholders 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 annualized dividend and a yield of 3.24%. Xcel Energy's dividend payout ratio (DPR) is presently 67.06%.

Analyst Ratings Changes

Several research analysts recently issued reports on XEL shares. Evercore ISI upped their target price on shares of Xcel Energy from $74.00 to $77.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. Morgan Stanley cut their target price on shares of Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. Wells Fargo & Company set a $78.00 target price on shares of Xcel Energy and gave the stock an "overweight" rating in a research report on Friday, April 25th. Wall Street Zen lowered shares of Xcel Energy from a "hold" rating to a "sell" rating in a research report on Tuesday, May 20th. Finally, BMO Capital Markets upped their target price on shares of Xcel Energy from $69.00 to $73.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 23rd. 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. According to data from MarketBeat.com, the stock has an average 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.