DAVENPORT & Co LLC boosted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 6.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,125 shares of the company's stock after acquiring an additional 4,409 shares during the period. DAVENPORT & Co LLC's holdings in Xcel Energy were worth $4,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also modified their holdings of XEL. Brighton Jones LLC bought a new stake in shares of Xcel Energy in the 4th quarter valued at about $240,000. Jones Financial Companies Lllp boosted its stake in Xcel Energy by 35.8% in the 4th quarter. Jones Financial Companies Lllp now owns 14,825 shares of the company's stock worth $1,001,000 after purchasing an additional 3,905 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Xcel Energy in the 4th quarter worth approximately $76,000. Steward Partners Investment Advisory LLC boosted its stake in Xcel Energy by 8.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 16,778 shares of the company's stock worth $1,133,000 after purchasing an additional 1,329 shares in the last quarter. Finally, State of Michigan Retirement System boosted its stake in Xcel Energy by 2.7% in the 4th quarter. State of Michigan Retirement System now owns 155,894 shares of the company's stock worth $10,526,000 after purchasing an additional 4,100 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors.
Xcel Energy Stock Performance
Shares of XEL traded up $0.70 during trading hours on Friday, hitting $68.26. The stock had a trading volume of 2,236,072 shares, compared to its average volume of 3,600,741. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.70 and a current ratio of 0.80. The firm has a 50-day moving average price of $69.09 and a 200 day moving average price of $68.58. Xcel Energy Inc. has a fifty-two week low of $51.97 and a fifty-two week high of $73.38. The firm has a market capitalization of $39.37 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 2.38 and a beta of 0.36.
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). Xcel Energy had a net margin of 14.10% and a return on equity of 10.20%. The firm had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.93 billion. During the same quarter in the prior year, the firm earned $0.88 earnings per share. The business's revenue for the quarter was up 7.0% on a year-over-year basis. As a group, research 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 Sunday, July 20th. Shareholders 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 yield of 3.34%. The ex-dividend date of this dividend is Friday, June 13th. Xcel Energy's dividend payout ratio is presently 67.06%.
Analyst Upgrades and Downgrades
A number of research firms recently commented on XEL. Evercore ISI lifted their target price on shares of Xcel Energy from $74.00 to $77.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Morgan Stanley decreased their price objective 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. UBS Group lifted their price objective on shares of Xcel Energy from $73.00 to $77.00 and gave the company a "neutral" rating in a research note on Tuesday, April 1st. Barclays lifted their price objective 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. Finally, Wall Street Zen cut shares of Xcel Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, May 20th. One equities 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 company's stock. Based on data from MarketBeat, Xcel Energy presently has a consensus rating of "Moderate Buy" and an average price target of $75.80.
Check Out Our Latest Analysis 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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