Oppenheimer & Co. Inc. lowered its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 27.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,262 shares of the company's stock after selling 8,713 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Xcel Energy were worth $1,647,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Fairway Wealth LLC acquired a new stake in shares of Xcel Energy in the fourth quarter valued at approximately $27,000. Itau Unibanco Holding S.A. bought a new position in Xcel Energy in the 4th quarter worth approximately $52,000. Creative Financial Designs Inc. ADV increased its position in Xcel Energy by 23.2% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 827 shares of the company's stock valued at $56,000 after acquiring an additional 156 shares during the period. Heritage Wealth Advisors raised its stake in Xcel Energy by 160.0% during the 4th quarter. Heritage Wealth Advisors now owns 1,040 shares of the company's stock valued at $70,000 after acquiring an additional 640 shares in the last quarter. Finally, Vision Financial Markets LLC acquired a new position in Xcel Energy during the 4th quarter worth $75,000. 78.38% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. BMO Capital Markets raised their price target on Xcel Energy from $69.00 to $73.00 and gave the company a "market perform" rating in a report on Wednesday, April 23rd. Evercore ISI increased their target price on shares of Xcel Energy from $74.00 to $77.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. Morgan Stanley dropped their price target on shares of 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. Wells Fargo & Company set a $78.00 price objective on shares of Xcel Energy and gave the company an "overweight" rating in a report on Friday, April 25th. Finally, Wall Street Zen lowered 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 issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, Xcel Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $75.80.
Check Out Our Latest Stock Analysis on XEL
Xcel Energy Price Performance
Shares of XEL traded up $0.61 during mid-day trading on Tuesday, hitting $68.71. The company's stock had a trading volume of 3,711,919 shares, compared to its average volume of 3,595,029. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.80 and a quick ratio of 0.70. The firm has a 50-day moving average price of $69.23 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 stock has a market capitalization of $39.63 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 2.38 and a beta of 0.36.
Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its quarterly 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 return on equity of 10.20% and a net margin of 14.10%. The business had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.93 billion. During the same quarter last year, the firm posted $0.88 EPS. The company's quarterly revenue was up 7.0% compared to the same quarter last year. On average, research analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.
Xcel Energy Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Sunday, July 20th. Investors of record on Friday, June 13th will be given a $0.57 dividend. 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 3.32%. Xcel Energy's dividend payout ratio (DPR) is 67.06%.
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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