Xcel Energy Inc. $XEL Stock Holdings Lessened by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI lessened its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 25.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 26,288 shares of the company’s stock after selling 9,058 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Xcel Energy were worth $2,088,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Brighton Jones LLC acquired a new position in shares of Xcel Energy in the fourth quarter worth about $240,000. Empowered Funds LLC raised its holdings in shares of Xcel Energy by 30.7% during the first quarter. Empowered Funds LLC now owns 13,810 shares of the company’s stock valued at $978,000 after acquiring an additional 3,242 shares during the period. Woodline Partners LP raised its holdings in shares of Xcel Energy by 40.7% during the first quarter. Woodline Partners LP now owns 48,515 shares of the company’s stock valued at $3,434,000 after acquiring an additional 14,029 shares during the period. Brown Advisory Inc. raised its holdings in shares of Xcel Energy by 4.8% during the second quarter. Brown Advisory Inc. now owns 10,193 shares of the company’s stock valued at $694,000 after acquiring an additional 469 shares during the period. Finally, Cary Street Partners Financial LLC lifted its position in shares of Xcel Energy by 16.0% in the 2nd quarter. Cary Street Partners Financial LLC now owns 2,620 shares of the company’s stock valued at $178,000 after acquiring an additional 362 shares in the last quarter. 78.38% of the stock is owned by institutional investors.

Xcel Energy Stock Performance

Shares of XEL opened at $78.72 on Wednesday. The company’s 50 day moving average price is $79.50 and its 200 day moving average price is $79.15. Xcel Energy Inc. has a 52 week low of $69.16 and a 52 week high of $84.23. The company has a market capitalization of $49.14 billion, a PE ratio of 22.69, a PEG ratio of 2.04 and a beta of 0.39. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.68 and a current ratio of 0.77.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.91 earnings per share for the quarter, meeting the consensus estimate 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 company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.84 EPS. Research analysts expect that Xcel Energy Inc. will post 4.11 EPS for the current fiscal year.

Xcel Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Monday, June 15th were issued a dividend of $0.5925 per share. This represents a $2.37 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Monday, June 15th. Xcel Energy’s dividend payout ratio (DPR) is currently 68.30%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on XEL. JPMorgan Chase & Co. raised their price objective on shares of Xcel Energy from $91.00 to $102.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. KeyCorp reissued an “overweight” rating on shares of Xcel Energy in a research note on Monday, June 8th. Jefferies Financial Group set a $101.00 target price on Xcel Energy in a report on Tuesday, July 7th. Wall Street Zen cut Xcel Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Xcel Energy in a report on Wednesday, June 17th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Xcel Energy has an average rating of “Buy” and an average target price of $92.76.

Xcel Energy Company 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.