Fideuram Intesa Sanpaolo Private Banking S.P.A. grew its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL – Free Report) by 33.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 90,773 shares of the company’s stock after purchasing an additional 22,652 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Xcel Energy were worth $7,211,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in XEL. Vermillion & White Wealth Management Group LLC purchased a new position in Xcel Energy in the third quarter valued at about $27,000. Abound Wealth Management raised its stake in shares of Xcel Energy by 394.5% during the 4th quarter. Abound Wealth Management now owns 361 shares of the company’s stock worth $27,000 after buying an additional 288 shares during the last quarter. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Xcel Energy in the 4th quarter worth about $30,000. Beacon Financial Strategies CORP purchased a new stake in shares of Xcel Energy in the 4th quarter worth about $33,000. Finally, Pittenger & Anderson Inc. grew its stake in Xcel Energy by 73.8% in the 4th quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock valued at $35,000 after acquiring an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have issued reports on XEL shares. KeyCorp reaffirmed an “overweight” rating on shares of Xcel Energy in a report on Monday, June 8th. Truist Financial dropped their price objective 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. Barclays cut their price objective on Xcel Energy from $91.00 to $87.00 and set an “overweight” rating for the company in a research report on Tuesday, May 12th. Mizuho lowered their target price on Xcel Energy from $94.00 to $91.00 and set an “outperform” rating on the stock in a report on Tuesday, June 23rd. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $91.29.
Xcel Energy Stock Performance
NASDAQ XEL opened at $81.96 on Friday. Xcel Energy Inc. has a 1-year low of $66.56 and a 1-year high of $84.23. The business’s 50-day simple moving average is $79.54 and its 200-day simple moving average is $78.61. The firm has a market capitalization of $51.17 billion, a P/E ratio of 23.62, a P/E/G ratio of 2.07 and a beta of 0.39. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.77 and a quick ratio of 0.68.
Xcel Energy (NASDAQ:XEL – Get Free Report) last issued its earnings results on Wednesday, April 29th. The company reported $0.91 EPS for the quarter, meeting analysts’ consensus estimates of $0.91. The business had revenue of $4.02 billion for 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 business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.84 EPS. Equities analysts predict that Xcel Energy Inc. will post 4.11 EPS for the current year.
Xcel Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, June 15th will be issued a $0.5925 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.37 dividend on an annualized basis and a yield of 2.9%. Xcel Energy’s payout ratio is currently 68.30%.
About Xcel Energy
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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