Focus Financial Network Inc. Sells 5,434 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Focus Financial Network Inc. trimmed its holdings in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 5.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,897 shares of the company's stock after selling 5,434 shares during the period. Focus Financial Network Inc.'s holdings in Xcel Energy were worth $7,355,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in XEL. Jones Financial Companies Lllp grew its position in Xcel Energy by 35.8% in the fourth quarter. Jones Financial Companies Lllp now owns 14,825 shares of the company's stock worth $1,001,000 after acquiring an additional 3,905 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Xcel Energy by 12.0% during the fourth quarter. Van ECK Associates Corp now owns 179,013 shares of the company's stock worth $12,086,000 after purchasing an additional 19,230 shares in the last quarter. Edge Capital Group LLC acquired a new position in shares of Xcel Energy during the fourth quarter worth $14,067,000. UniSuper Management Pty Ltd increased its position in shares of Xcel Energy by 22.3% during the fourth quarter. UniSuper Management Pty Ltd now owns 49,882 shares of the company's stock worth $3,368,000 after purchasing an additional 9,110 shares in the last quarter. Finally, Ethic Inc. increased its position in shares of Xcel Energy by 55.0% during the fourth quarter. Ethic Inc. now owns 23,030 shares of the company's stock worth $1,555,000 after purchasing an additional 8,168 shares in the last quarter. 78.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on XEL. Wall Street Zen downgraded shares of Xcel Energy from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. BMO Capital Markets increased their price target on shares of Xcel Energy from $69.00 to $73.00 and gave the company a "market perform" rating in a research report on Wednesday, April 23rd. Evercore ISI upped their price objective on shares of 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 set a $78.00 price target on shares of Xcel Energy and gave the stock an "equal weight" rating in a research note on Thursday, May 22nd. Finally, Wells Fargo & Company set a $78.00 target price on shares of Xcel Energy and gave the company an "overweight" rating in a research note on Friday, April 25th. 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $75.90.

Xcel Energy Price Performance

Shares of XEL stock traded down $1.45 during midday trading on Friday, reaching $67.62. 2,859,628 shares of the company were exchanged, compared to its average volume of 3,576,493. Xcel Energy Inc. has a 12 month low of $51.97 and a 12 month high of $73.38. The company has a market cap of $39.00 billion, a P/E ratio of 19.66, a PEG ratio of 2.62 and a beta of 0.37. The company's 50 day moving average price is $69.74 and its two-hundred day moving average price is $68.82. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93.

Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.84 EPS for the quarter, missing analysts' consensus estimates of $0.95 by ($0.11). The company had revenue of $3.91 billion for the quarter, compared to analysts' expectations of $3.93 billion. Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. The business's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.88 earnings per share. On average, sell-side analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, July 20th. Stockholders of record on Friday, June 13th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date is Friday, June 13th. Xcel Energy's dividend payout ratio is 67.06%.

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.