Segment Wealth Management LLC Acquires New Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Segment Wealth Management LLC bought a new position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,307 shares of the company's stock, valued at approximately $305,000.

Other hedge funds also recently bought and sold shares of the company. Bank of America Corp DE grew its holdings in Xcel Energy by 43.6% in the fourth quarter. Bank of America Corp DE now owns 20,762,745 shares of the company's stock worth $1,401,901,000 after purchasing an additional 6,306,380 shares during the last quarter. FMR LLC boosted its position in shares of Xcel Energy by 118.3% in the 4th quarter. FMR LLC now owns 6,608,044 shares of the company's stock worth $446,175,000 after purchasing an additional 3,581,436 shares in the last quarter. Zimmer Partners LP grew its stake in Xcel Energy by 1,625.7% during the 4th quarter. Zimmer Partners LP now owns 3,667,200 shares of the company's stock worth $247,609,000 after buying an additional 3,454,700 shares during the last quarter. Pictet Asset Management Holding SA increased its position in Xcel Energy by 236.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 4,878,279 shares of the company's stock valued at $329,381,000 after buying an additional 3,429,353 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in Xcel Energy by 379.3% in the fourth quarter. Janus Henderson Group PLC now owns 4,022,085 shares of the company's stock valued at $271,578,000 after buying an additional 3,182,939 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company's stock.

Wall Street Analysts Forecast Growth

XEL has been the topic of a number of research analyst reports. UBS Group boosted their price target on Xcel Energy from $73.00 to $77.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 1st. Morgan Stanley cut their price target 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. Wells Fargo & Company set a $78.00 price objective on shares of Xcel Energy and gave the stock an "overweight" rating in a research note on Friday, April 25th. BMO Capital Markets upped their target price on Xcel Energy from $69.00 to $73.00 and gave the company a "market perform" rating in a research report on Wednesday, April 23rd. Finally, Wall Street Zen lowered Xcel Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, Xcel Energy has an average rating of "Moderate Buy" and a consensus price target of $75.80.

Xcel Energy Stock Performance

Shares of XEL stock opened at $66.64 on Friday. The stock has a market cap of $38.44 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 2.31 and a beta of 0.37. Xcel Energy Inc. has a 52-week low of $51.97 and a 52-week high of $73.38. The business has a 50-day simple moving average of $69.53 and a 200-day simple moving average of $68.65. 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 posted its earnings results 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). The firm 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 business's revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.88 earnings per share. On average, equities analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, July 20th. Stockholders 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 dividend yield of 3.42%. The ex-dividend date is Friday, June 13th. Xcel Energy's dividend payout ratio (DPR) is presently 67.06%.

Xcel Energy 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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