Miller Howard Investments Inc. NY acquired a new stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 31,161 shares of the company's stock, valued at approximately $2,206,000.
Other hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its position in Xcel Energy by 18.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 472,344 shares of the company's stock valued at $33,437,000 after acquiring an additional 73,036 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Xcel Energy by 35.8% in the 4th quarter. Jones Financial Companies Lllp now owns 14,825 shares of the company's stock worth $1,001,000 after purchasing an additional 3,905 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Xcel Energy by 28.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 26,448 shares of the company's stock worth $1,872,000 after purchasing an additional 5,883 shares in the last quarter. UniSuper Management Pty Ltd boosted its position in Xcel Energy by 22.3% in the fourth quarter. UniSuper Management Pty Ltd now owns 49,882 shares of the company's stock valued at $3,368,000 after buying an additional 9,110 shares in the last quarter. Finally, True Link Financial Advisors LLC bought a new stake in Xcel Energy during the first quarter worth about $271,000. Institutional investors and hedge funds own 78.38% of the company's stock.
Analyst Ratings Changes
Several research analysts have recently commented on XEL shares. BMO Capital Markets boosted 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. Morgan Stanley cut their price objective on 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. Evercore ISI increased their target price on Xcel Energy from $74.00 to $77.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. Wells Fargo & Company set a $78.00 target price on Xcel Energy and gave the company an "overweight" rating in a research note on Friday, April 25th. Finally, UBS Group upped their price target on shares of Xcel Energy from $73.00 to $77.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 1st. One equities research 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's stock. Based on data from MarketBeat.com, Xcel Energy has a consensus rating of "Moderate Buy" and a consensus price target of $75.80.
Read Our Latest Report on Xcel Energy
Xcel Energy Trading Up 1.0%
NASDAQ:XEL traded up $0.70 on Friday, hitting $68.26. 2,236,072 shares of the stock were exchanged, compared to its average volume of 3,608,563. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.70 and a current ratio of 0.80. Xcel Energy Inc. has a 52 week low of $51.97 and a 52 week high of $73.38. The stock has a market capitalization of $39.37 billion, a price-to-earnings ratio of 20.08, a P/E/G ratio of 2.38 and a beta of 0.36. The company's 50-day moving average price is $69.09 and its 200 day moving average price is $68.59.
Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.93 billion. During the same quarter in the prior year, the firm earned $0.88 EPS. The firm's quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current year.
Xcel Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, July 20th. Investors of record on Friday, June 13th will be paid a dividend of $0.57 per share. 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 3.34%. Xcel Energy's dividend payout ratio (DPR) is presently 67.06%.
Xcel Energy Company Profile
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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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