Priebe Wealth Holdings LLC lifted its position in shares of Xcel Energy Inc. (NASDAQ:XEL – Free Report) by 9.7% in the first quarter, Holdings Channel reports. The institutional investor owned 4,129 shares of the company’s stock after acquiring an additional 365 shares during the period. Priebe Wealth Holdings LLC’s holdings in Xcel Energy were worth $292,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Sierra Ocean LLC acquired a new stake in shares of Xcel Energy in the fourth quarter valued at approximately $26,000. Fairway Wealth LLC acquired a new position in Xcel Energy in the 4th quarter valued at $27,000. Rothschild Investment LLC lifted its position in shares of Xcel Energy by 26.0% during the 4th quarter. Rothschild Investment LLC now owns 731 shares of the company’s stock valued at $49,000 after acquiring an additional 151 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in shares of Xcel Energy during the 4th quarter worth $52,000. Finally, Creative Financial Designs Inc. ADV increased its position in shares of 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.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the stock. Evercore ISI upped their price objective on shares of Xcel Energy from $74.00 to $77.00 and gave the stock an “outperform” rating in a research 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. Morgan Stanley set a $78.00 price target on shares of Xcel Energy and gave the stock an “equal weight” rating in a research report on Thursday, May 22nd. Wells Fargo & Company set a $78.00 price objective on shares of Xcel Energy and gave the company an “overweight” rating in a research report on Friday, April 25th. Finally, Barclays raised their target price on Xcel Energy from $72.00 to $73.00 and gave the company an “overweight” rating in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Xcel Energy has a consensus rating of “Moderate Buy” and an average target price of $75.90.
Insider Activity at Xcel Energy
In other news, Director Devin W. Stockfish purchased 2,170 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of $68.93 per share, for a total transaction of $149,578.10. Following the purchase, the director now owns 3,007 shares of the company’s stock, valued at $207,272.51. The trade was a 259.26% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.09% of the stock is owned by insiders.
Xcel Energy Trading Down 0.1%
XEL opened at $68.51 on Monday. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The stock has a market cap of $39.51 billion, a PE ratio of 19.92, a price-to-earnings-growth ratio of 2.62 and a beta of 0.37. The company has a fifty day moving average of $69.79 and a 200-day moving average of $68.92. Xcel Energy Inc. has a twelve month low of $51.97 and a twelve month high of $73.38.
Xcel Energy (NASDAQ:XEL – Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.11). The business had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. Xcel Energy’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.88 earnings per share. On average, sell-side analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current year.
Xcel Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, July 20th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.28 annualized dividend and a yield of 3.33%. Xcel Energy’s payout ratio is 67.06%.
About Xcel Energy
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.
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