Exchange Traded Concepts LLC Has $95,000 Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

Exchange Traded Concepts LLC lowered its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 90.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,345 shares of the company's stock after selling 12,076 shares during the quarter. Exchange Traded Concepts LLC's holdings in Xcel Energy were worth $95,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Xcel Energy by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 73,831,988 shares of the company's stock worth $4,985,136,000 after purchasing an additional 953,002 shares during the period. Bank of America Corp DE lifted its holdings in Xcel Energy by 43.6% in the fourth quarter. Bank of America Corp DE now owns 20,762,745 shares of the company's stock valued at $1,401,901,000 after buying an additional 6,306,380 shares during the period. JPMorgan Chase & Co. lifted its holdings in Xcel Energy by 5.6% in the fourth quarter. JPMorgan Chase & Co. now owns 19,291,149 shares of the company's stock valued at $1,302,538,000 after buying an additional 1,022,194 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Xcel Energy by 15.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 17,613,239 shares of the company's stock valued at $1,189,246,000 after acquiring an additional 2,422,483 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Xcel Energy by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 15,178,956 shares of the company's stock worth $1,029,223,000 after acquiring an additional 616,853 shares during the period. Institutional investors and hedge funds own 78.38% of the company's stock.

Xcel Energy Stock Down 1.3%

Shares of NASDAQ:XEL traded down $0.91 during trading on Wednesday, hitting $67.32. 2,445,944 shares of the company's stock traded hands, compared to its average volume of 3,577,983. The company has a current ratio of 0.80, a quick ratio of 0.70 and a debt-to-equity ratio of 1.48. The company has a 50-day moving average price of $69.43 and a 200-day moving average price of $68.61. Xcel Energy Inc. has a 52 week low of $51.97 and a 52 week high of $73.38. The company has a market cap of $38.83 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 2.37 and a beta of 0.37.

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

Xcel Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, July 20th. Stockholders of record on Friday, June 13th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.39%. Xcel Energy's dividend payout ratio (DPR) is 67.06%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on XEL shares. Evercore ISI increased their price target on Xcel Energy from $74.00 to $77.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. Morgan Stanley cut their target price 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. BMO Capital Markets raised their target price on Xcel Energy from $69.00 to $73.00 and gave the stock a "market perform" rating in a report on Wednesday, April 23rd. Wall Street Zen cut Xcel Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, May 20th. Finally, Wells Fargo & Company set a $78.00 price target on shares of Xcel Energy and gave the company an "overweight" rating in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $75.80.

Xcel Energy 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.