Lombard Odier Asset Management Switzerland SA acquired a new position in shares of Xcel Energy Inc. (NASDAQ:XEL – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 19,800 shares of the company’s stock, valued at approximately $1,573,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Evolution Wealth Management Inc. boosted its position in Xcel Energy by 365.3% during the first quarter. Evolution Wealth Management Inc. now owns 349 shares of the company’s stock valued at $28,000 after acquiring an additional 274 shares during the last quarter. Garton & Associates Financial Advisors LLC bought a new position in shares of Xcel Energy in the 4th quarter worth about $30,000. Pittenger & Anderson Inc. raised its position in shares of Xcel Energy by 73.8% in the 4th quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock worth $35,000 after acquiring an additional 200 shares in the last quarter. Advocate Investing Services LLC acquired a new position in shares of Xcel Energy in the 4th quarter valued at about $38,000. Finally, Cedar Mountain Advisors LLC acquired a new position in shares of Xcel Energy in the 1st quarter valued at about $39,000. 78.38% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on XEL shares. JPMorgan Chase & Co. upped their target price on Xcel Energy from $91.00 to $102.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Morgan Stanley set a $89.00 price target on Xcel Energy in a research note on Wednesday, June 24th. UBS Group increased their price target on Xcel Energy from $89.00 to $91.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Wall Street Zen downgraded shares of Xcel Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, KeyCorp reiterated an “overweight” rating on shares of Xcel Energy in a research note on Monday, June 8th. 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. Based on data from MarketBeat, Xcel Energy currently has a consensus rating of “Buy” and a consensus price target of $92.65.
Xcel Energy Stock Performance
Shares of XEL stock opened at $80.71 on Tuesday. 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 firm has a fifty day simple moving average of $79.65 and a two-hundred day simple moving average of $79.34. Xcel Energy Inc. has a 12 month low of $69.16 and a 12 month high of $84.23. The firm has a market capitalization of $50.38 billion, a PE ratio of 23.26, a price-to-earnings-growth ratio of 2.12 and a beta of 0.39.
Xcel Energy (NASDAQ:XEL – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.91 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.91. The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.21 billion. Xcel Energy had a net margin of 14.14% and a return on equity of 10.37%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the firm earned $0.84 earnings per share. Analysts forecast that Xcel Energy Inc. will post 4.11 EPS for the current fiscal year.
Xcel Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Monday, June 15th were given a $0.5925 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.37 annualized dividend and a yield of 2.9%. Xcel Energy’s dividend payout ratio (DPR) is presently 68.30%.
Xcel Energy 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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