Xcel Energy Inc. (NASDAQ:XEL) Position Increased by OLD Republic International Corp

OLD Republic International Corp grew its position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 1.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 522,200 shares of the company's stock after acquiring an additional 6,600 shares during the period. OLD Republic International Corp owned about 0.09% of Xcel Energy worth $36,967,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of XEL. Fairway Wealth LLC acquired a new position in shares of Xcel Energy during the 4th quarter worth about $27,000. Rossby Financial LCC purchased a new stake in Xcel Energy during the 1st quarter worth approximately $50,000. Alpine Bank Wealth Management acquired a new position in shares of Xcel Energy during the first quarter valued at approximately $53,000. Itau Unibanco Holding S.A. purchased a new position in shares of Xcel Energy in the fourth quarter valued at approximately $52,000. Finally, Creative Financial Designs Inc. ADV boosted its stake in shares of Xcel Energy by 23.2% in the fourth 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 last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Trading Down 0.5%

Shares of NASDAQ:XEL traded down $0.31 during trading on Monday, reaching $67.88. The stock had a trading volume of 2,192,837 shares, compared to its average volume of 3,602,901. Xcel Energy Inc. has a fifty-two week low of $51.97 and a fifty-two week high of $73.38. The stock has a market cap of $39.15 billion, a P/E ratio of 19.96, a PEG ratio of 2.38 and a beta of 0.36. The business has a fifty day moving average price of $69.09 and a 200-day moving average price of $68.61. The company has a quick ratio of 0.70, a current ratio of 0.80 and a debt-to-equity ratio of 1.48.

Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.11). Xcel Energy had a net margin of 14.10% and a return on equity of 10.20%. The company had revenue of $3.91 billion for the quarter, compared to analysts' expectations of $3.93 billion. During the same period in the prior year, the firm earned $0.88 earnings per share. The firm's quarterly revenue was up 7.0% on a year-over-year basis. As a group, analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, July 20th. Shareholders of record on Friday, June 13th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 3.36%. The ex-dividend date is Friday, June 13th. Xcel Energy's dividend payout ratio (DPR) is 67.06%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Evercore ISI increased their price target on 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 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. Wall Street Zen cut shares of Xcel Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, May 20th. BMO Capital Markets increased their price objective on Xcel Energy from $69.00 to $73.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 23rd. Finally, Morgan Stanley reduced their target price on Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Xcel Energy presently 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.