Mediolanum International Funds Ltd Sells 7,006 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Key Points

• Mediolanum International Funds Ltd reduced its stake in Xcel Energy by 10.7%, owning 58,733 shares worth approximately $4.1 million as of the end of the recent quarter.
• Analyst ratings for Xcel Energy show a consensus of "Moderate Buy" with a target price of $75.80, indicating a mix of buy, hold, and sell ratings among evaluators.
• Xcel Energy recently announced quarterly earnings, reporting $0.84 EPS, which missed analyst expectations of $0.95, with a revenue of $3.91 billion for the quarter.

Mediolanum International Funds Ltd decreased its position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 10.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,733 shares of the company's stock after selling 7,006 shares during the period. Mediolanum International Funds Ltd's holdings in Xcel Energy were worth $4,095,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. BankPlus Trust Department bought a new position in Xcel Energy during the first quarter worth about $34,000. Rossby Financial LCC bought a new stake in Xcel Energy during the 1st quarter worth approximately $50,000. Itau Unibanco Holding S.A. bought a new stake in Xcel Energy during the 4th quarter worth approximately $52,000. Alpine Bank Wealth Management bought a new stake in Xcel Energy during the 1st quarter worth approximately $53,000. Finally, WFA Asset Management Corp increased its stake in Xcel Energy by 449.0% during the 1st quarter. WFA Asset Management Corp now owns 1,131 shares of the company's stock worth $80,000 after purchasing an additional 925 shares in the last quarter. Institutional investors own 78.38% of the company's stock.

Xcel Energy Stock Up 1.7%

NASDAQ XEL traded up $1.20 on Tuesday, reaching $72.34. The company had a trading volume of 3,163,720 shares, compared to its average volume of 3,626,445. Xcel Energy Inc. has a 52-week low of $56.69 and a 52-week high of $73.56. The company's fifty day moving average is $68.97 and its 200 day moving average is $68.96. The company has a quick ratio of 0.70, a current ratio of 0.80 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $41.72 billion, a P/E ratio of 21.28, a P/E/G ratio of 2.45 and a beta of 0.36.

Xcel Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, July 20th. Shareholders of record on Friday, June 13th were given a $0.57 dividend. The ex-dividend date was Friday, June 13th. This represents a $2.28 annualized dividend and a yield of 3.15%. Xcel Energy's dividend payout ratio is currently 67.06%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wells Fargo & Company set a $78.00 target price on shares of Xcel Energy and gave the stock an "overweight" rating in a report on Friday, April 25th. BMO Capital Markets upped their target price on Xcel Energy from $69.00 to $73.00 and gave the stock a "market perform" rating in a report on Wednesday, April 23rd. Evercore ISI boosted their price target on Xcel Energy from $74.00 to $77.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. Barclays increased their price objective 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. Finally, Morgan Stanley cut their target price on Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $75.80.

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.