Mn Services Vermogensbeheer B.V. Has $14.13 Million Stake in Xcel Energy Inc. (NASDAQ:XEL)

Mn Services Vermogensbeheer B.V. lowered its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 7.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 199,655 shares of the company's stock after selling 15,500 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Xcel Energy were worth $14,134,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of XEL. Sierra Ocean LLC acquired a new stake in Xcel Energy during the fourth quarter valued at approximately $26,000. Fairway Wealth LLC bought a new stake in shares of Xcel Energy during the fourth quarter valued at approximately $27,000. Rothschild Investment LLC raised its position in shares of Xcel Energy by 26.0% during the fourth quarter. Rothschild Investment LLC now owns 731 shares of the company's stock worth $49,000 after acquiring an additional 151 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in shares of Xcel Energy in the 4th quarter valued at about $52,000. Finally, Creative Financial Designs Inc. ADV grew its holdings in Xcel Energy by 23.2% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 827 shares of the company's stock worth $56,000 after acquiring an additional 156 shares during the period. 78.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

XEL has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of Xcel Energy from a "hold" rating to a "sell" rating in a research report on Tuesday, May 20th. Evercore ISI lifted their price objective on shares of Xcel Energy from $74.00 to $77.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Barclays lifted their target price on Xcel Energy from $72.00 to $73.00 and gave the company an "overweight" rating in a research report on Tuesday, April 22nd. BMO Capital Markets boosted their price objective on shares of Xcel Energy from $69.00 to $73.00 and gave the stock a "market perform" rating in a research note on Wednesday, April 23rd. Finally, Wells Fargo & Company set a $78.00 price objective on Xcel Energy and gave the company an "overweight" rating in a research report on Friday, April 25th. 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 data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $75.80.

Xcel Energy Price Performance

NASDAQ XEL traded up $0.63 during midday trading on Thursday, hitting $66.28. The company had a trading volume of 2,917,067 shares, compared to its average volume of 3,574,972. The firm has a 50-day moving average price of $69.63 and a 200-day moving average price of $68.72. The company has a market capitalization of $38.23 billion, a PE ratio of 19.49, a P/E/G ratio of 2.29 and a beta of 0.37. The company has a current ratio of 0.80, a quick ratio of 0.70 and a debt-to-equity ratio of 1.48. Xcel Energy Inc. has a twelve month low of $51.97 and a twelve month high of $73.38.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $3.93 billion. Xcel Energy had a net margin of 14.10% and a return on equity of 10.20%. The firm's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the firm earned $0.88 EPS. As a group, analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share 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. Investors of record on Friday, June 13th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.28 annualized dividend and a dividend yield of 3.44%. Xcel Energy's dividend payout ratio is 67.06%.

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.