Union Bancaire Privee UBP SA Buys Shares of 13,104 Xcel Energy Inc. (NASDAQ:XEL)

Union Bancaire Privee UBP SA acquired a new position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 13,104 shares of the company's stock, valued at approximately $847,000.

Several other large investors also recently made changes to their positions in XEL. Vanguard Group Inc. boosted its position in Xcel Energy by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 73,831,988 shares of the company's stock worth $4,985,136,000 after purchasing an additional 953,002 shares during the period. Bank of America Corp DE lifted its stake in shares of Xcel Energy by 43.6% during 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 in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Xcel Energy by 5.6% during the fourth quarter. JPMorgan Chase & Co. now owns 19,291,149 shares of the company's stock worth $1,302,538,000 after purchasing an additional 1,022,194 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Xcel Energy by 15.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 17,613,239 shares of the company's stock worth $1,189,246,000 after buying an additional 2,422,483 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Xcel Energy by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 15,178,956 shares of the company's stock valued at $1,029,223,000 after buying an additional 616,853 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on XEL. Morgan Stanley set a $78.00 price target on Xcel Energy and gave the stock an "equal weight" rating in a research report on Thursday, May 22nd. Wall Street Zen lowered shares of Xcel Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, May 20th. Barclays boosted their target price on shares of Xcel Energy from $72.00 to $73.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 22nd. BMO Capital Markets upped 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 note on Wednesday, April 23rd. Finally, UBS Group raised their price target on shares of Xcel Energy from $73.00 to $77.00 and gave the company a "neutral" rating in a report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Xcel Energy presently has a consensus rating of "Moderate Buy" and an average price target of $75.90.

Xcel Energy Stock Down 2.1%

Shares of XEL stock traded down $1.45 during mid-day trading on Friday, reaching $67.62. 2,859,628 shares of the company were exchanged, compared to its average volume of 3,571,787. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. The business's 50 day simple moving average is $69.73 and its 200 day simple moving average is $68.88. The company has a market capitalization of $39.00 billion, a P/E ratio of 19.66, a P/E/G ratio of 2.62 and a beta of 0.37. Xcel Energy Inc. has a fifty-two week low of $51.97 and a fifty-two week high of $73.38.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. The company's revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 earnings per share. Research analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Dividend Announcement

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 paid a $0.57 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.28 dividend on an annualized basis and a yield of 3.37%. Xcel Energy's dividend payout ratio (DPR) is 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.