Union Bancaire Privee UBP SA Acquires 48,414 Shares of Xcel Energy Inc. $XEL

Union Bancaire Privee UBP SA boosted its holdings in shares of Xcel Energy Inc. (NASDAQ:XELFree Report) by 114.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 90,768 shares of the company’s stock after acquiring an additional 48,414 shares during the period. Union Bancaire Privee UBP SA’s holdings in Xcel Energy were worth $7,211,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC grew its stake in shares of Xcel Energy by 63.6% during the fourth quarter. Barclays PLC now owns 9,979,397 shares of the company’s stock worth $737,078,000 after purchasing an additional 3,881,011 shares during the period. JPMorgan Chase & Co. lifted its stake in Xcel Energy by 16.9% in the fourth quarter. JPMorgan Chase & Co. now owns 24,572,438 shares of the company’s stock valued at $1,814,920,000 after buying an additional 3,546,423 shares during the period. Bank of America Corp DE boosted its holdings in Xcel Energy by 9.9% during the third quarter. Bank of America Corp DE now owns 28,851,485 shares of the company’s stock worth $2,326,872,000 after buying an additional 2,589,406 shares during the last quarter. Boston Partners boosted its holdings in Xcel Energy by 4,530.7% during the fourth quarter. Boston Partners now owns 2,024,541 shares of the company’s stock worth $149,538,000 after buying an additional 1,980,821 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp grew its position in shares of Xcel Energy by 8,880.6% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 1,785,155 shares of the company’s stock worth $131,852,000 after buying an additional 1,765,277 shares during the period. Institutional investors own 78.38% of the company’s stock.

Analyst Upgrades and Downgrades

XEL has been the topic of a number of analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Xcel Energy in a research report on Wednesday, June 17th. New Street Research set a $91.00 target price on shares of Xcel Energy in a report on Tuesday. Morgan Stanley set a $89.00 price target on shares of Xcel Energy in a report on Wednesday. Evercore reaffirmed an “outperform” rating and set a $96.00 price objective on shares of Xcel Energy in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. reduced their target price on Xcel Energy from $94.00 to $91.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Xcel Energy has a consensus rating of “Buy” and a consensus price target of $91.29.

Get Our Latest Report on XEL

Xcel Energy Stock Up 0.6%

Xcel Energy stock opened at $82.23 on Friday. The stock has a market capitalization of $51.33 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 2.12 and a beta of 0.39. Xcel Energy Inc. has a twelve month low of $66.56 and a twelve month high of $84.23. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.45. The company has a 50 day moving average of $79.49 and a 200-day moving average of $78.42.

Xcel Energy (NASDAQ:XELGet Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.91 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.91. The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.21 billion. Xcel Energy had a net margin of 14.14% and a return on equity of 10.37%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.84 earnings per share. On average, equities research analysts anticipate that Xcel Energy Inc. will post 4.11 EPS for the current fiscal year.

Xcel Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, June 15th will be issued a $0.5925 dividend. This represents a $2.37 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, June 15th. Xcel Energy’s payout ratio is 68.30%.

Xcel Energy Profile

(Free Report)

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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Institutional Ownership by Quarter for Xcel Energy (NASDAQ:XEL)

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