First Western Trust Bank Has $1.13 Million Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Key Points

• First Western Trust Bank reduced its stake in Xcel Energy by 18.4% in the first quarter, now holding 16,019 shares valued at approximately $1.13 million.
• Xcel Energy reported earnings per share of $0.75, exceeding analysts' expectations of $0.66, with total revenues of $3.29 billion for the quarter.
• The company declared a $0.57 quarterly dividend, which reflects an annualized payout of $2.28 and a total dividend yield of 3.1%.

First Western Trust Bank lowered its position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 18.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 16,019 shares of the company's stock after selling 3,602 shares during the period. First Western Trust Bank's holdings in Xcel Energy were worth $1,134,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in Xcel Energy by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 74,818,158 shares of the company's stock worth $5,296,377,000 after purchasing an additional 986,170 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Xcel Energy by 43.6% during the fourth quarter. Bank of America Corp DE now owns 20,762,745 shares of the company's stock worth $1,401,901,000 after buying an additional 6,306,380 shares during the period. Northern Trust Corp boosted its position in shares of Xcel Energy by 11.1% during the fourth quarter. Northern Trust Corp now owns 5,639,107 shares of the company's stock worth $380,753,000 after buying an additional 561,478 shares during the period. Janus Henderson Group PLC grew its holdings in Xcel Energy by 379.3% in the 4th quarter. Janus Henderson Group PLC now owns 4,022,085 shares of the company's stock worth $271,578,000 after buying an additional 3,182,939 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Xcel Energy by 1.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,677,314 shares of the company's stock valued at $260,317,000 after acquiring an additional 51,466 shares during the period. Institutional investors and hedge funds own 78.38% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on XEL. Barclays boosted their price target on Xcel Energy from $72.00 to $73.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 22nd. Wells Fargo & Company set a $78.00 price objective on shares of Xcel Energy and gave the company an "overweight" rating in a research note on Friday, April 25th. Wall Street Zen cut shares of Xcel Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, May 20th. BMO Capital Markets lifted their price objective on shares of Xcel Energy from $69.00 to $73.00 and gave the company a "market perform" rating in a research note on Wednesday, April 23rd. Finally, Morgan Stanley cut their price objective on shares of 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 analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $76.00.

Xcel Energy Stock Down 0.9%

Shares of NASDAQ XEL traded down $0.65 during mid-day trading on Monday, reaching $72.68. The company had a trading volume of 2,480,821 shares, compared to its average volume of 3,426,718. The stock has a fifty day moving average of $69.57 and a two-hundred day moving average of $69.42. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.85 and a current ratio of 0.96. The company has a market capitalization of $42.99 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 2.47 and a beta of 0.34. Xcel Energy Inc. has a 12-month low of $57.43 and a 12-month high of $74.57.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.09. The business had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.31 billion. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The firm's revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 earnings per share. As a group, equities research analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.1%. Xcel Energy's dividend payout ratio (DPR) is 63.16%.

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.