Xcel Energy Inc. (NASDAQ:XEL) Stake Lessened by Trust Point Inc.

Trust Point Inc. lessened its stake in Xcel Energy Inc. (NASDAQ:XEL) by 3.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,911 shares of the company’s stock after selling 309 shares during the period. Trust Point Inc.’s holdings in Xcel Energy were worth $702,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sierra Ocean LLC acquired a new position in Xcel Energy in the fourth quarter worth $26,000. Fairway Wealth LLC acquired a new position in Xcel Energy in the fourth quarter worth $27,000. Rothschild Investment LLC boosted its holdings in Xcel Energy by 26.0% in the fourth quarter. Rothschild Investment LLC now owns 731 shares of the company’s stock worth $49,000 after purchasing an additional 151 shares during the period. Itau Unibanco Holding S.A. acquired a new position in Xcel Energy in the fourth quarter worth $52,000. Finally, Creative Financial Designs Inc. ADV boosted its holdings in Xcel Energy by 23.2% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 827 shares of the company’s stock worth $56,000 after purchasing an additional 156 shares during the period. Institutional investors own 78.38% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on XEL. UBS Group lifted their price objective on shares of Xcel Energy from $73.00 to $77.00 and gave the stock a “neutral” rating in a report on Tuesday, April 1st. 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. Evercore ISI lifted their price objective on shares of Xcel Energy from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Monday, April 28th. Wall Street Zen downgraded shares of Xcel Energy from a “hold” rating to a “sell” rating in a report on Tuesday, May 20th. Finally, Barclays lifted their price objective on shares of Xcel Energy from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Xcel Energy currently has an average rating of “Moderate Buy” and an average target price of $75.90.

Xcel Energy Stock Performance

Shares of XEL opened at $66.79 on Tuesday. Xcel Energy Inc. has a 1 year low of $51.97 and a 1 year high of $73.38. The company has a market cap of $38.52 billion, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 2.62 and a beta of 0.37. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. The firm has a fifty day moving average of $69.73 and a 200-day moving average of $68.75.

Xcel Energy (NASDAQ:XEL) last announced 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). The firm had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.93 billion. Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the firm posted $0.88 EPS. As a group, equities analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, July 20th. Investors of record on Friday, June 13th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 3.41%. The ex-dividend date is Friday, June 13th. Xcel Energy’s payout ratio is currently 67.06%.

Xcel Energy Profile

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.