Y Intercept Hong Kong Ltd Acquires Shares of 22,308 Xcel Energy Inc. (NASDAQ:XEL)

Y Intercept Hong Kong Ltd acquired a new stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 22,308 shares of the company's stock, valued at approximately $1,579,000.

Other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE raised its position in Xcel Energy by 43.6% during the 4th quarter. Bank of America Corp DE now owns 20,762,745 shares of the company's stock worth $1,401,901,000 after buying an additional 6,306,380 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Xcel Energy by 5.6% in the fourth quarter. JPMorgan Chase & Co. now owns 19,291,149 shares of the company's stock worth $1,302,538,000 after buying an additional 1,022,194 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Xcel Energy by 15.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 17,613,239 shares of the company's stock valued at $1,189,246,000 after purchasing an additional 2,422,483 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Xcel Energy by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 15,178,956 shares of the company's stock valued at $1,029,223,000 after acquiring an additional 616,853 shares during the period. Finally, FMR LLC boosted its holdings in shares of Xcel Energy by 118.3% during the fourth quarter. FMR LLC now owns 6,608,044 shares of the company's stock valued at $446,175,000 after acquiring an additional 3,581,436 shares during the period. Institutional investors and hedge funds own 78.38% of the company's stock.

Xcel Energy Stock Down 0.2%

NASDAQ XEL traded down $0.12 during trading on Friday, hitting $72.66. The stock had a trading volume of 2,760,039 shares, compared to its average volume of 2,711,788. The company has a market capitalization of $41.91 billion, a PE ratio of 21.37, a P/E/G ratio of 2.45 and a beta of 0.36. The company's 50-day moving average price is $68.99 and its two-hundred day moving average price is $68.87. 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 Inc. has a 12 month low of $56.69 and a 12 month high of $73.56.

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 for the quarter, missing the consensus estimate of $0.95 by ($0.11). The company had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.93 billion. Xcel Energy had a return on equity of 10.20% and a net margin of 14.10%. The firm's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the firm earned $0.88 EPS. As a group, sell-side analysts forecast that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, July 20th. Investors of record on Friday, June 13th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend was Friday, June 13th. Xcel Energy's payout ratio is presently 67.06%.

Analyst Upgrades and Downgrades

XEL has been the subject of several research analyst reports. Wells Fargo & Company set a $78.00 price objective on shares of Xcel Energy and gave the stock an "overweight" rating in a report on Friday, April 25th. Barclays boosted their price target 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. Evercore ISI boosted their price target on shares of Xcel Energy from $74.00 to $77.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. BMO Capital Markets boosted their price target on shares of Xcel Energy from $69.00 to $73.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 23rd. Finally, 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. One equities 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $75.80.

About Xcel Energy

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.