Mirae Asset Global Investments Co. Ltd. Has $18.18 Million Stock Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Mirae Asset Global Investments Co. Ltd. increased its position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 39.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 260,757 shares of the company's stock after purchasing an additional 73,523 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Xcel Energy were worth $18,180,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of 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 raised its stake in 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 in the last quarter. UniSuper Management Pty Ltd boosted its holdings in Xcel Energy by 22.3% in the 4th quarter. UniSuper Management Pty Ltd now owns 49,882 shares of the company's stock valued at $3,368,000 after purchasing an additional 9,110 shares during the period. True Link Financial Advisors LLC acquired a new position in shares of Xcel Energy during the 1st quarter worth approximately $271,000. Finally, Ethic Inc. increased its holdings 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 during the period. 78.38% of the stock is owned by institutional investors.

Xcel Energy Price Performance

XEL stock opened at $67.78 on Monday. The stock has a market cap of $39.09 billion, a price-to-earnings ratio of 19.94, a P/E/G ratio of 2.37 and a beta of 0.37. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.80 and a quick ratio of 0.70. The company has a 50 day simple moving average of $69.30 and a 200 day simple moving average of $68.58. Xcel Energy Inc. has a 1 year low of $51.97 and a 1 year high of $73.38.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its 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 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 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. Research analysts anticipate 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 paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Friday, June 13th. Xcel Energy's payout ratio is 67.06%.

Wall Street Analyst Weigh In

XEL has been the topic of a number of analyst reports. Barclays increased 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. UBS Group increased their target price on Xcel Energy from $73.00 to $77.00 and gave the stock a "neutral" rating in a report on Tuesday, April 1st. Wall Street Zen downgraded Xcel Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, May 20th. Morgan Stanley reduced 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. Finally, BMO Capital Markets boosted their target price 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Xcel Energy currently has an average rating of "Moderate Buy" and an average target price of $75.80.

Xcel Energy Company 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.

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