Cypress Capital Group decreased its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 2.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,110 shares of the company’s stock after selling 400 shares during the quarter. Cypress Capital Group’s holdings in Xcel Energy were worth $1,338,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new stake in Xcel Energy during the 4th quarter worth about $25,000. ShoreHaven Wealth Partners LLC acquired a new stake in Xcel Energy during the 4th quarter worth about $28,000. Jeppson Wealth Management LLC acquired a new stake in Xcel Energy during the 3rd quarter worth about $32,000. Childress Capital Advisors LLC acquired a new stake in Xcel Energy during the 4th quarter worth about $33,000. Finally, Addison Advisors LLC acquired a new stake in Xcel Energy during the 4th quarter worth about $36,000. 77.94% of the stock is owned by hedge funds and other institutional investors.
In other Xcel Energy news, SVP Frank P. Prager sold 3,711 shares of the business’s stock in a transaction that occurred on Friday, January 29th. The stock was sold at an average price of $63.45, for a total transaction of $235,462.95. Following the completion of the sale, the senior vice president now directly owns 33,472 shares in the company, valued at approximately $2,123,798.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.21% of the stock is owned by insiders.
Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings results on Thursday, January 28th. The company reported $0.54 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.54. Xcel Energy had a return on equity of 10.56% and a net margin of 12.50%. The firm had revenue of $2.95 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same quarter in the previous year, the business earned $0.56 EPS. Xcel Energy’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, sell-side analysts expect that Xcel Energy Inc. will post 2.77 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 20th. Investors of record on Monday, March 15th will be paid a $0.4575 dividend. This represents a $1.83 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend is Friday, March 12th. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.43. Xcel Energy’s payout ratio is currently 69.32%.
A number of equities analysts have weighed in on XEL shares. TheStreet lowered Xcel Energy from a “b” rating to a “c+” rating in a research note on Monday, March 22nd. KeyCorp reduced their price objective on Xcel Energy from $75.00 to $71.00 and set an “overweight” rating for the company in a research note on Tuesday, January 12th. Morgan Stanley lifted their price objective on Xcel Energy from $59.00 to $60.00 and gave the company an “underweight” rating in a research note on Thursday, March 25th. Zacks Investment Research upgraded Xcel Energy from a “sell” rating to a “hold” rating and set a $64.00 price objective for the company in a research note on Wednesday, February 17th. Finally, Mizuho reiterated a “neutral” rating and set a $63.00 price objective (down previously from $68.00) on shares of Xcel Energy in a research note on Wednesday, February 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $70.25.
Xcel Energy Company Profile
Xcel Energy Inc, through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources.
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