Commerzbank Aktiengesellschaft FI Sells 9,058 Shares of Xcel Energy Inc. $XEL

Commerzbank Aktiengesellschaft FI cut its holdings in Xcel Energy Inc. (NASDAQ:XELFree Report) by 25.6% in the first quarter, Holdings Channel.com reports. The fund owned 26,288 shares of the company’s stock after selling 9,058 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Xcel Energy were worth $2,088,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Evolution Wealth Management Inc. raised its holdings in shares of Xcel Energy by 365.3% during the 1st quarter. Evolution Wealth Management Inc. now owns 349 shares of the company’s stock valued at $28,000 after purchasing an additional 274 shares in the last quarter. Abound Wealth Management boosted its holdings in Xcel Energy by 394.5% in the fourth quarter. Abound Wealth Management now owns 361 shares of the company’s stock worth $27,000 after purchasing an additional 288 shares in the last quarter. Garton & Associates Financial Advisors LLC acquired a new position in Xcel Energy during the fourth quarter worth $30,000. Beacon Financial Strategies CORP acquired a new position in Xcel Energy during the fourth quarter worth $33,000. Finally, Pittenger & Anderson Inc. raised its holdings in Xcel Energy by 73.8% during the fourth quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock valued at $35,000 after buying an additional 200 shares in the last quarter. 78.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on XEL. JPMorgan Chase & Co. boosted their price target on Xcel Energy from $91.00 to $102.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Evercore reissued an “outperform” rating and set a $96.00 price objective on shares of Xcel Energy in a report on Monday, May 4th. KeyCorp reissued an “overweight” rating on shares of Xcel Energy in a research note on Monday, June 8th. BTIG Research restated a “buy” rating and issued a $98.00 target price on shares of Xcel Energy in a report on Friday, June 26th. Finally, Morgan Stanley set a $89.00 target price on shares of Xcel Energy in a report on Wednesday, June 24th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Xcel Energy presently has a consensus rating of “Buy” and a consensus target price of $92.76.

View Our Latest Stock Report on Xcel Energy

Xcel Energy Stock Up 0.1%

XEL stock opened at $78.72 on Wednesday. Xcel Energy Inc. has a twelve month low of $69.16 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 market cap of $49.14 billion, a PE ratio of 22.69, a price-to-earnings-growth ratio of 2.04 and a beta of 0.39. The business’s 50-day simple moving average is $79.50 and its 200 day simple moving average is $79.15.

Xcel Energy (NASDAQ:XELGet Free Report) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.91 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.91. The business had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $4.21 billion. Xcel Energy had a return on equity of 10.37% and a net margin of 14.14%.Xcel Energy’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.84 earnings per share. On average, research analysts anticipate that Xcel Energy Inc. will post 4.11 earnings per share for the current year.

Xcel Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Monday, June 15th were paid a dividend of $0.5925 per share. The ex-dividend date was Monday, June 15th. This represents a $2.37 dividend on an annualized basis and a yield of 3.0%. Xcel Energy’s payout ratio is currently 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.

See Also

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

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