SVB Wealth LLC Sells 792 Shares of Xcel Energy Inc. (NASDAQ:XEL)

SVB Wealth LLC reduced its stake in shares of Xcel Energy Inc. (NASDAQ:XEL – Get Rating) by 10.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,928 shares of the company’s stock after selling 792 shares during the period. SVB Wealth LLC’s holdings in Xcel Energy were worth $486,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in XEL. Banque Pictet & Cie SA lifted its stake in Xcel Energy by 9.8% in the fourth quarter. Banque Pictet & Cie SA now owns 20,338 shares of the company’s stock worth $1,426,000 after purchasing an additional 1,820 shares during the last quarter. Securian Asset Management Inc. raised its stake in shares of Xcel Energy by 0.9% during the fourth quarter. Securian Asset Management Inc. now owns 44,921 shares of the company’s stock valued at $3,149,000 after acquiring an additional 402 shares during the last quarter. First Republic Investment Management Inc. raised its stake in shares of Xcel Energy by 1.9% during the third quarter. First Republic Investment Management Inc. now owns 115,525 shares of the company’s stock valued at $7,394,000 after acquiring an additional 2,192 shares during the last quarter. Hexagon Capital Partners LLC raised its stake in shares of Xcel Energy by 15.7% during the fourth quarter. Hexagon Capital Partners LLC now owns 1,615 shares of the company’s stock valued at $113,000 after acquiring an additional 219 shares during the last quarter. Finally, Sunbelt Securities Inc. bought a new position in shares of Xcel Energy during the fourth quarter valued at about $221,000. 77.15% of the stock is owned by institutional investors.

Xcel Energy Price Performance

Shares of XEL opened at $64.29 on Friday. The firm’s 50-day simple moving average is $69.38 and its two-hundred day simple moving average is $68.37. Xcel Energy Inc. has a fifty-two week low of $56.89 and a fifty-two week high of $77.66. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.65 and a current ratio of 0.75. The stock has a market cap of $35.38 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 2.92 and a beta of 0.43.

Xcel Energy (NASDAQ:XEL – Get Rating) last posted its quarterly earnings results on Thursday, April 27th. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Xcel Energy had a net margin of 11.34% and a return on equity of 10.78%. The firm had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the prior year, the company posted $0.70 earnings per share. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. Analysts anticipate that Xcel Energy Inc. will post 3.37 earnings per share for the current fiscal year.

Xcel Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 20th. Investors of record on Thursday, June 15th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.24%. Xcel Energy’s dividend payout ratio (DPR) is 64.40%.

Insider Activity at Xcel Energy

In related news, EVP Timothy John O’connor sold 15,625 shares of the stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of $69.59, for a total transaction of $1,087,343.75. Following the transaction, the executive vice president now owns 6,498 shares in the company, valued at $452,195.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Xcel Energy news, SVP Frank P. Prager sold 737 shares of the stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $65.00, for a total value of $47,905.00. Following the transaction, the senior vice president now directly owns 29,340 shares in the company, valued at $1,907,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Timothy John O’connor sold 15,625 shares of the stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of $69.59, for a total transaction of $1,087,343.75. Following the completion of the transaction, the executive vice president now owns 6,498 shares in the company, valued at $452,195.82. The disclosure for this sale can be found here. 0.06% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on XEL shares. Wells Fargo & Company lowered their price objective on shares of Xcel Energy from $76.00 to $73.00 and set an “equal weight” rating for the company in a research note on Friday, January 27th. JPMorgan Chase & Co. boosted their price target on shares of Xcel Energy from $73.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, April 19th. Mizuho reduced their price target on shares of Xcel Energy from $75.00 to $72.00 and set a “buy” rating on the stock in a research report on Friday, March 17th. BMO Capital Markets reduced their price target on shares of Xcel Energy from $74.00 to $73.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 5th. Finally, Morgan Stanley boosted their price target on shares of Xcel Energy from $62.00 to $67.00 and gave the company an “equal weight” rating in a research report on Thursday, April 20th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Xcel Energy currently has a consensus rating of “Moderate Buy” and an average target price of $71.50.

About Xcel Energy

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Xcel Energy, Inc operates as a holding company engaged in the generation, purchase, transmission, distribution, and sale of electricity. It operates through the following three segments: Regulated Electric Utility, Regulated Natural Gas Utility and All Others. The Regulated Electric Utility segment generates, transmits, and distributes electricity primarily in Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Colorado, Texas, and New Mexico.