Fideuram Intesa Sanpaolo Private Banking S.P.A. Buys 22,652 Shares of Xcel Energy Inc. $XEL

Fideuram Intesa Sanpaolo Private Banking S.P.A. boosted its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 33.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 90,773 shares of the company’s stock after acquiring an additional 22,652 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Xcel Energy were worth $7,211,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Strs Ohio raised its stake in Xcel Energy by 2,044.0% during the 1st quarter. Strs Ohio now owns 303,956 shares of the company’s stock worth $24,146,000 after acquiring an additional 289,779 shares during the period. Harrison Street Private Wealth LLC bought a new position in shares of Xcel Energy during the 1st quarter valued at about $4,568,000. Keybank National Association OH grew its holdings in Xcel Energy by 12.9% during the 1st quarter. Keybank National Association OH now owns 19,853 shares of the company’s stock valued at $1,577,000 after buying an additional 2,275 shares in the last quarter. Mitchell & Pahl Private Wealth LLC increased its position in Xcel Energy by 6.9% in the first quarter. Mitchell & Pahl Private Wealth LLC now owns 27,751 shares of the company’s stock worth $2,205,000 after purchasing an additional 1,793 shares during the last quarter. Finally, Heritage Investors Management Corp bought a new stake in shares of Xcel Energy in the 1st quarter worth about $435,000. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Stock Performance

Xcel Energy stock opened at $81.96 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.68 and a current ratio of 0.77. The company has a 50 day moving average price of $79.54 and a 200-day moving average price of $78.61. The company has a market capitalization of $51.17 billion, a PE ratio of 23.62, a P/E/G ratio of 2.07 and a beta of 0.39. Xcel Energy Inc. has a fifty-two week low of $66.56 and a fifty-two week high of $84.23.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.91 EPS for the quarter, meeting analysts’ consensus estimates of $0.91. The business had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.21 billion. Xcel Energy had a return on equity of 10.37% and a net margin of 14.14%.The business’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.84 earnings per share. As a group, equities analysts forecast that Xcel Energy Inc. will post 4.11 earnings per share for the current year.

Xcel Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, June 15th will be paid a dividend of $0.5925 per share. The ex-dividend date is Monday, June 15th. This represents a $2.37 dividend on an annualized basis and a yield of 2.9%. Xcel Energy’s dividend payout ratio is currently 68.30%.

Analysts Set New Price Targets

A number of brokerages recently commented on XEL. New Street Research set a $91.00 price target on shares of Xcel Energy in a report on Tuesday, June 23rd. Evercore restated an “outperform” rating and set a $96.00 price objective on shares of Xcel Energy in a research report on Monday, May 4th. UBS Group lifted their target price on Xcel Energy from $89.00 to $91.00 and gave the stock a “buy” rating in a report on Monday, April 20th. KeyCorp reissued an “overweight” rating on shares of Xcel Energy in a research report on Monday, June 8th. Finally, Mizuho decreased their price target on Xcel Energy from $94.00 to $91.00 and set an “outperform” rating on the stock in a report on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $91.29.

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.