SVB Wealth LLC Sells 822 Shares of Xcel Energy Inc. (NASDAQ:XEL)

SVB Wealth LLC cut its position in Xcel Energy Inc. (NASDAQ:XEL) by 10.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,172 shares of the company’s stock after selling 822 shares during the quarter. SVB Wealth LLC’s holdings in Xcel Energy were worth $386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of XEL. Price T Rowe Associates Inc. MD boosted its stake in Xcel Energy by 770.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,552,625 shares of the company’s stock valued at $405,955,000 after buying an additional 6,684,499 shares during the period. Jupiter Asset Management Ltd. bought a new position in shares of Xcel Energy in the first quarter worth approximately $80,283,000. Massachusetts Financial Services Co. MA raised its stake in Xcel Energy by 7.9% in 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 position in Xcel Energy by 184.9% during the fourth quarter. Jennison Associates LLC now owns 1,451,483 shares of the company’s stock valued at $89,861,000 after purchasing an additional 942,097 shares during the last quarter. Finally, Federated Hermes Inc. grew its stake in Xcel Energy by 247.8% in the 4th 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. 78.38% of the stock is owned by institutional investors.

Xcel Energy Trading Up 0.7 %

Shares of NASDAQ:XEL traded up $0.43 during midday trading on Tuesday, hitting $58.12. 312,125 shares of the stock traded hands, compared to its average volume of 4,462,218. The stock has a market capitalization of $32.29 billion, a PE ratio of 17.32, a P/E/G ratio of 2.52 and a beta of 0.37. The company has a quick ratio of 0.74, a current ratio of 0.86 and a debt-to-equity ratio of 1.48. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $64.25. The business’s 50 day moving average is $54.35 and its two-hundred day moving average is $55.13.

Xcel Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, July 20th. Stockholders of record on Friday, June 14th were issued a dividend of $0.5475 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date was Friday, June 14th. Xcel Energy’s payout ratio is currently 65.77%.

Wall Street Analyst Weigh In

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

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.