Xcel Energy Inc. (NASDAQ:XEL) Shares Sold by NorthRock Partners LLC

NorthRock Partners LLC trimmed its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 10.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,364 shares of the company’s stock after selling 1,676 shares during the period. NorthRock Partners LLC’s holdings in Xcel Energy were worth $772,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in XEL. Massachusetts Financial Services Co. MA lifted its holdings in Xcel Energy by 7.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 19,994,298 shares of the company’s stock valued at $1,237,847,000 after purchasing an additional 1,472,435 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of Xcel Energy by 184.9% in the fourth quarter. Jennison Associates LLC now owns 1,451,483 shares of the company’s stock worth $89,861,000 after buying an additional 942,097 shares in the last quarter. Federated Hermes Inc. lifted its stake in shares of Xcel Energy by 247.8% in the fourth quarter. Federated Hermes Inc. now owns 1,284,305 shares of the company’s stock worth $79,511,000 after buying an additional 915,046 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Xcel Energy by 155.3% in the fourth quarter. BNP Paribas Financial Markets now owns 1,140,853 shares of the company’s stock worth $70,630,000 after buying an additional 693,921 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of Xcel Energy by 1,936.7% in the fourth quarter. International Assets Investment Management LLC now owns 601,141 shares of the company’s stock worth $37,217,000 after buying an additional 571,626 shares in the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Stock Up 1.3 %

Shares of XEL stock traded up $0.67 during trading on Tuesday, reaching $53.90. The company’s stock had a trading volume of 87,474 shares, compared to its average volume of 4,571,313. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.86 and a quick ratio of 0.74. The company has a market capitalization of $29.95 billion, a price-to-earnings ratio of 15.99, a P/E/G ratio of 2.39 and a beta of 0.37. The stock’s 50-day moving average price is $54.25 and its 200 day moving average price is $55.62. Xcel Energy Inc. has a 1-year low of $46.79 and a 1-year high of $65.62.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.08. The firm had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Xcel Energy had a net margin of 13.36% and a return on equity of 11.03%. The business’s quarterly revenue was down 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.76 earnings per share. On average, research analysts anticipate that Xcel Energy Inc. will post 3.56 EPS for the current year.

Xcel Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, July 20th. Investors of record on Friday, June 14th will be paid a $0.5475 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.19 dividend on an annualized basis and a yield of 4.06%. Xcel Energy’s dividend payout ratio is currently 65.77%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Evercore ISI raised their price target on shares of Xcel Energy from $54.00 to $59.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. KeyCorp cut their price objective on shares of Xcel Energy from $68.00 to $65.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. Bank of America raised their price objective on shares of Xcel Energy from $63.00 to $66.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Barclays raised their price objective on shares of Xcel Energy from $56.00 to $57.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. Finally, StockNews.com upgraded shares of Xcel Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $62.00.

Xcel Energy Company Profile

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.