Fideuram Asset Management Ireland dac purchased a new position in shares of Xcel Energy Inc. (NASDAQ:XEL – Free Report) during the fourth quarter, HoldingsChannel reports. The firm purchased 7,614 shares of the company’s stock, valued at approximately $535,000.
A number of other hedge funds also recently modified their holdings of the business. Quadrant Capital Group LLC lifted its holdings in shares of Xcel Energy by 1.7% during the third quarter. Quadrant Capital Group LLC now owns 7,358 shares of the company’s stock worth $593,000 after purchasing an additional 125 shares during the period. TIAA Trust National Association lifted its holdings in shares of Xcel Energy by 1.0% during the third quarter. TIAA Trust National Association now owns 12,683 shares of the company’s stock worth $1,022,000 after purchasing an additional 126 shares during the period. Bleakley Financial Group LLC raised its stake in Xcel Energy by 0.5% during the fourth quarter. Bleakley Financial Group LLC now owns 28,949 shares of the company’s stock worth $2,138,000 after buying an additional 131 shares during the last quarter. Hills Bank & Trust Co raised its stake in Xcel Energy by 2.2% during the fourth quarter. Hills Bank & Trust Co now owns 6,184 shares of the company’s stock worth $457,000 after buying an additional 133 shares during the last quarter. Finally, Intrust Bank NA raised its stake in Xcel Energy by 1.3% during the third quarter. Intrust Bank NA now owns 11,360 shares of the company’s stock worth $916,000 after buying an additional 142 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.
Xcel Energy Trading Up 0.3%
XEL opened at $79.50 on Friday. Xcel Energy Inc. has a 1-year low of $65.21 and a 1-year high of $84.23. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 1.45. The company has a market cap of $49.63 billion, a P/E ratio of 22.91, a price-to-earnings-growth ratio of 2.07 and a beta of 0.41. The company has a fifty day moving average price of $79.82 and a two-hundred day moving average price of $78.61.
Xcel Energy Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, June 15th will be given a dividend of $0.5925 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.37 annualized dividend and a dividend yield of 3.0%. Xcel Energy’s payout ratio is presently 68.30%.
Analyst Ratings Changes
A number of brokerages recently weighed in on XEL. Evercore reissued an “outperform” rating and set a $96.00 target price on shares of Xcel Energy in a research note on Monday, May 4th. Barclays lowered their target price on shares of Xcel Energy from $91.00 to $87.00 and set an “overweight” rating for the company in a research note on Tuesday, May 12th. JPMorgan Chase & Co. lowered their target price on shares of Xcel Energy from $94.00 to $91.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Truist Financial lowered their target price on shares of Xcel Energy from $95.00 to $92.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Finally, Morgan Stanley set a $87.00 target price on shares of Xcel Energy in a research note on Thursday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $90.63.
View Our Latest Research Report on Xcel Energy
Xcel Energy Company Profile
Xcel Energy (NASDAQ: XEL) is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company’s core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.
Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.
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