USA Financial Formulas lowered its stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 41.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,621 shares of the company's stock after selling 14,442 shares during the quarter. Xcel Energy comprises approximately 0.2% of USA Financial Formulas' holdings, making the stock its 28th largest holding. USA Financial Formulas' holdings in Xcel Energy were worth $1,460,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp raised its position in shares of Xcel Energy by 35.8% during the 4th quarter. Jones Financial Companies Lllp now owns 14,825 shares of the company's stock valued at $1,001,000 after buying an additional 3,905 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Xcel Energy by 12.0% during the 4th quarter. Van ECK Associates Corp now owns 179,013 shares of the company's stock valued at $12,086,000 after buying an additional 19,230 shares in the last quarter. Edge Capital Group LLC purchased a new stake in shares of Xcel Energy during the 4th quarter valued at about $14,067,000. UniSuper Management Pty Ltd raised its position in shares of Xcel Energy by 22.3% during the 4th quarter. UniSuper Management Pty Ltd now owns 49,882 shares of the company's stock valued at $3,368,000 after buying an additional 9,110 shares in the last quarter. Finally, Ethic Inc. raised its position in shares of Xcel Energy by 55.0% during the 4th quarter. Ethic Inc. now owns 23,030 shares of the company's stock valued at $1,555,000 after buying an additional 8,168 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company's stock.
Xcel Energy Stock Down 2.1%
Shares of NASDAQ XEL traded down $1.45 during midday trading on Friday, reaching $67.62. 2,859,628 shares of the company's stock traded hands, compared to its average volume of 3,576,493. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The stock's 50 day simple moving average is $69.74 and its 200-day simple moving average is $68.82. Xcel Energy Inc. has a one year low of $51.97 and a one year high of $73.38. The company has a market cap of $39.00 billion, a price-to-earnings ratio of 19.66, a P/E/G ratio of 2.62 and a beta of 0.37.
Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.95 by ($0.11). Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. The business had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.93 billion. During the same quarter in the prior year, the business posted $0.88 earnings per share. Xcel Energy's revenue for the quarter was up 7.0% on a year-over-year basis. On average, analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.
Xcel Energy Announces Dividend
The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.37%. Xcel Energy's dividend payout ratio is presently 67.06%.
Analysts Set New Price Targets
Several brokerages recently commented on XEL. Morgan Stanley set a $78.00 price target on shares of Xcel Energy and gave the company an "equal weight" rating in a report on Thursday, May 22nd. Wall Street Zen downgraded shares of Xcel Energy from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. Wells Fargo & Company set a $78.00 price target on shares of Xcel Energy and gave the company an "overweight" rating in a report on Friday, April 25th. Barclays upped their price target on shares of Xcel Energy from $72.00 to $73.00 and gave the company an "overweight" rating in a report on Tuesday, April 22nd. Finally, BMO Capital Markets upped their price target on shares of Xcel Energy from $69.00 to $73.00 and gave the company a "market perform" rating in a 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $75.90.
Check Out Our Latest Research Report on XEL
About Xcel Energy
(
Free Report)
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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