Xcel Energy Inc. (NASDAQ:XEL) Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH reduced its position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 3.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 297,998 shares of the company's stock after selling 9,294 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.05% of Xcel Energy worth $21,095,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BankPlus Trust Department bought a new stake in Xcel Energy during the first quarter valued at approximately $34,000. Rossby Financial LCC bought a new position in shares of Xcel Energy during the 1st quarter valued at about $50,000. Itau Unibanco Holding S.A. bought a new stake in Xcel Energy in the fourth quarter worth $52,000. Alpine Bank Wealth Management bought a new stake in Xcel Energy in the first quarter worth $53,000. Finally, Heritage Wealth Advisors raised its stake in Xcel Energy by 160.0% during the fourth quarter. Heritage Wealth Advisors now owns 1,040 shares of the company's stock valued at $70,000 after purchasing an additional 640 shares in the last quarter. 78.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

XEL has been the topic of a number of research reports. BMO Capital Markets boosted their target price on shares of Xcel Energy from $69.00 to $73.00 and gave the stock a "market perform" rating in a report on Wednesday, April 23rd. Morgan Stanley lowered their price objective on 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 target price on Xcel Energy from $73.00 to $77.00 and gave the stock a "neutral" rating in a report on Tuesday, April 1st. Barclays increased their price target on Xcel Energy from $72.00 to $73.00 and gave the company an "overweight" rating in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company set a $78.00 price objective on shares of Xcel Energy and gave the stock an "overweight" rating in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Xcel Energy presently has an average rating of "Moderate Buy" and a consensus target price of $75.80.

Xcel Energy Trading Down 0.2%

XEL traded down $0.12 during trading on Friday, hitting $72.66. 2,760,039 shares of the stock were exchanged, compared to its average volume of 3,631,392. Xcel Energy Inc. has a 1 year low of $56.69 and a 1 year high of $73.56. The firm has a market cap of $41.91 billion, a price-to-earnings ratio of 21.37, a P/E/G ratio of 2.44 and a beta of 0.36. The firm has a 50 day simple moving average of $68.99 and a 200 day simple moving average of $68.82. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.70 and a current ratio of 0.80.

Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.11). The firm had revenue of $3.91 billion during the quarter, compared to analysts' expectations of $3.93 billion. Xcel Energy had a return on equity of 10.20% and a net margin of 14.10%. Xcel Energy's quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.88 earnings per share. As a group, equities analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, July 20th. Shareholders of record on Friday, June 13th were given a dividend of $0.57 per share. The ex-dividend date was Friday, June 13th. This represents a $2.28 annualized dividend and a yield of 3.14%. Xcel Energy's dividend payout ratio (DPR) is presently 67.06%.

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.