Parkside Financial Bank & Trust Has $117,000 Position in Xcel Energy Inc. (NASDAQ:XEL)

Parkside Financial Bank & Trust grew its stake in Xcel Energy Inc. (NASDAQ:XEL) by 39.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,886 shares of the company’s stock after buying an additional 536 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Xcel Energy were worth $117,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Criterion Capital Advisors LLC acquired a new position in shares of Xcel Energy in the fourth quarter valued at approximately $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Xcel Energy in the fourth quarter worth $25,000. Capital Analysts LLC lifted its position in shares of Xcel Energy by 293.6% in the fourth quarter. Capital Analysts LLC now owns 433 shares of the company’s stock worth $26,000 after purchasing an additional 323 shares in the last quarter. Royal London Asset Management Ltd. bought a new stake in shares of Xcel Energy in the third quarter worth $27,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Xcel Energy in the third quarter worth $31,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of Xcel Energy from $68.00 to $59.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 13th. Wells Fargo & Company upped their price objective on shares of Xcel Energy from $63.00 to $64.00 and gave the company an “equal weight” rating in a report on Friday, January 26th. StockNews.com downgraded shares of Xcel Energy from a “hold” rating to a “sell” rating in a report on Saturday, April 20th. TheStreet downgraded shares of Xcel Energy from a “b-” rating to a “c+” rating in a research note on Thursday, March 14th. Finally, Barclays upgraded shares of Xcel Energy from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $61.00 to $54.00 in a research note on Monday, March 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Xcel Energy presently has an average rating of “Hold” and an average target price of $62.83.

Xcel Energy Trading Up 0.1 %

Shares of Xcel Energy stock opened at $55.33 on Thursday. The company has a market capitalization of $30.73 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 2.42 and a beta of 0.36. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.41. Xcel Energy Inc. has a 12-month low of $46.79 and a 12-month high of $71.32. The firm’s 50-day moving average price is $53.96 and its two-hundred day moving average price is $58.12.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Thursday, January 25th. The company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The company had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $4.01 billion. Xcel Energy had a return on equity of 10.78% and a net margin of 12.47%. The firm’s revenue was down 15.1% compared to the same quarter last year. During the same period last year, the company posted $0.69 EPS. On average, analysts forecast that Xcel Energy Inc. will post 3.56 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, April 20th. Stockholders of record on Friday, March 15th were issued a $0.548 dividend. The ex-dividend date was Thursday, March 14th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.96%. This is a boost from Xcel Energy’s previous quarterly dividend of $0.52. Xcel Energy’s dividend payout ratio is 68.22%.

About Xcel Energy

Xcel Energy Inc, through its subsidiaries, engages in the generation, purchasing, transmission, distribution, and sale of electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through wind, nuclear, hydroelectric, biomass, and solar energy sources, as well as coal, natural gas, oil, wood, and refuse-derived fuels.