Xcel Energy Inc. (NASDAQ:XEL) Shares Bought by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its stake in Xcel Energy by 34.0%, acquiring an additional 455,367 shares, bringing its total ownership to 1,794,883 shares valued at approximately $127 million.
• Xcel Energy reported earnings of $0.75 per share for the last quarter, beating expectations, with revenue of $3.29 billion, an increase of 8.6% year-over-year.
• The company announced a quarterly dividend of $0.57 per share, yielding 3.1%, with the payout set for October 20th.

Deutsche Bank AG lifted its stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 34.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,794,883 shares of the company's stock after acquiring an additional 455,367 shares during the period. Deutsche Bank AG owned 0.31% of Xcel Energy worth $127,060,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in Xcel Energy by 1.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,677,314 shares of the company's stock valued at $260,317,000 after purchasing an additional 51,466 shares during the last quarter. Citizens Financial Group Inc. RI lifted its stake in Xcel Energy by 57.5% during the first quarter. Citizens Financial Group Inc. RI now owns 4,962 shares of the company's stock valued at $351,000 after purchasing an additional 1,811 shares during the last quarter. Vanguard Group Inc. lifted its stake in Xcel Energy by 1.3% during the first quarter. Vanguard Group Inc. now owns 74,818,158 shares of the company's stock valued at $5,296,377,000 after purchasing an additional 986,170 shares during the last quarter. Legacy Capital Group California Inc. acquired a new stake in Xcel Energy during the first quarter valued at approximately $446,000. Finally, Intrust Bank NA lifted its stake in Xcel Energy by 2.3% during the first quarter. Intrust Bank NA now owns 10,544 shares of the company's stock valued at $746,000 after purchasing an additional 238 shares during the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

XEL has been the subject of several recent research reports. Morgan Stanley cut their target price on shares of Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. Wells Fargo & Company set a $78.00 target price on shares of Xcel Energy and gave the company an "overweight" rating in a research note on Friday, April 25th. Barclays increased their target price on shares of Xcel Energy from $72.00 to $73.00 and gave the company an "overweight" rating in a research note on Tuesday, April 22nd. Evercore ISI boosted their price target 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. Finally, Mizuho lifted their price objective on shares of Xcel Energy from $74.00 to $78.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Xcel Energy currently has an average rating of "Moderate Buy" and a consensus target price of $76.00.

Xcel Energy Trading Up 0.1%

NASDAQ XEL opened at $73.33 on Friday. The stock has a market cap of $43.37 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 2.47 and a beta of 0.34. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.85 and a current ratio of 0.96. The firm's 50 day moving average price is $69.57 and its two-hundred day moving average price is $69.40. Xcel Energy Inc. has a twelve month low of $57.24 and a twelve month high of $74.57.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.09. The firm had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.31 billion. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 EPS. Equities analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Monday, September 15th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, September 15th. Xcel Energy's dividend payout ratio is currently 63.16%.

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.

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