Lbp Am Sa bought a new stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 30,639 shares of the company's stock, valued at approximately $2,169,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rossby Financial LCC acquired a new stake in shares of Xcel Energy during the 1st quarter worth about $50,000. Alpine Bank Wealth Management purchased a new position in shares of Xcel Energy during the first quarter worth approximately $53,000. Itau Unibanco Holding S.A. acquired a new position in shares of Xcel Energy in the 4th quarter valued at $52,000. Creative Financial Designs Inc. ADV increased its holdings in shares of Xcel Energy by 23.2% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 827 shares of the company's stock valued at $56,000 after acquiring an additional 156 shares during the period. Finally, Heritage Wealth Advisors raised its position in Xcel Energy by 160.0% in the 4th quarter. Heritage Wealth Advisors now owns 1,040 shares of the company's stock valued at $70,000 after purchasing an additional 640 shares during the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.
Xcel Energy Stock Performance
NASDAQ:XEL opened at $68.45 on Friday. The firm's fifty day simple moving average is $68.90 and its 200-day simple moving average is $68.60. 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 has a market cap of $39.48 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 2.37 and a beta of 0.36. Xcel Energy Inc. has a fifty-two week low of $52.64 and a fifty-two week high of $73.38.
Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.84 earnings per share 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 for the quarter, compared to analyst estimates of $3.93 billion. During the same quarter in the previous year, the company posted $0.88 earnings per share. The company's quarterly revenue was up 7.0% compared to the same quarter last year. Analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.
Xcel Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Sunday, July 20th. Shareholders of record on Friday, June 13th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend is Friday, June 13th. Xcel Energy's payout ratio is currently 67.06%.
Analysts Set New Price Targets
Several research analysts have issued reports on the stock. Wells Fargo & Company set a $78.00 price objective on shares of Xcel Energy and gave the stock an "overweight" rating in a research report on Friday, April 25th. Barclays raised 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. Morgan Stanley reduced their price objective on Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. BMO Capital Markets lifted their target price on 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, Wall Street Zen lowered Xcel Energy from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Xcel Energy presently has a consensus rating of "Moderate Buy" and an average target price of $75.80.
Check Out Our Latest Report on XEL
Xcel Energy Profile
(
Free Report)
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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