Fideuram Asset Management Ireland dac Makes New Investment in Xcel Energy Inc. $XEL

Fideuram Asset Management Ireland dac bought a new position in shares of Xcel Energy Inc. (NASDAQ:XEL) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,614 shares of the company’s stock, valued at approximately $535,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC bought a new stake in Xcel Energy during the third quarter worth $27,000. Abound Wealth Management lifted its stake in Xcel Energy by 394.5% during the fourth quarter. Abound Wealth Management now owns 361 shares of the company’s stock worth $27,000 after purchasing an additional 288 shares during the last quarter. Beacon Financial Strategies CORP bought a new stake in Xcel Energy during the fourth quarter worth $33,000. Pittenger & Anderson Inc. lifted its stake in Xcel Energy by 73.8% during the fourth quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock worth $35,000 after purchasing an additional 200 shares during the last quarter. Finally, Collier Financial acquired a new stake in Xcel Energy in the third quarter valued at approximately $38,000. 78.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on XEL shares. Morgan Stanley set a $87.00 target price on shares of Xcel Energy in a research report on Thursday, May 21st. Evercore reiterated an “outperform” rating and set a $96.00 price target on shares of Xcel Energy in a report on Monday, May 4th. Barclays lowered their price target on shares of Xcel Energy from $91.00 to $87.00 and set an “overweight” rating for the company in a report on Tuesday, May 12th. Argus set a $86.00 price target on shares of Xcel Energy in a report on Thursday, March 12th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Xcel Energy from $94.00 to $91.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $90.63.

Xcel Energy Stock Up 0.3%

Shares of NASDAQ:XEL opened at $79.50 on Friday. The company has a fifty day moving average of $79.82 and a 200-day moving average of $78.61. The company has a market capitalization of $49.63 billion, a PE ratio of 22.91, a price-to-earnings-growth ratio of 2.07 and a beta of 0.41. 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 Inc. has a 52-week low of $65.21 and a 52-week high of $84.23.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.91 EPS for the quarter, hitting analysts’ consensus estimates of $0.91. The company 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%. Xcel Energy’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.84 earnings per share. On average, equities analysts predict that Xcel Energy Inc. will post 4.11 EPS for the current fiscal year.

Xcel Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.5925 per share. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Monday, June 15th. Xcel Energy’s payout ratio is 68.30%.

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.