Xcel Energy Inc. (NASDAQ:XEL) Shares Bought by Covestor Ltd

Covestor Ltd increased its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 325.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,316 shares of the company’s stock after purchasing an additional 1,007 shares during the quarter. Covestor Ltd’s holdings in Xcel Energy were worth $71,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Ontario Teachers Pension Plan Board raised its holdings in shares of Xcel Energy by 68.9% during the first quarter. Ontario Teachers Pension Plan Board now owns 162,808 shares of the company’s stock valued at $8,751,000 after acquiring an additional 66,389 shares during the last quarter. Nicolet Advisory Services LLC increased its holdings in shares of Xcel Energy by 55.7% in the first quarter. Nicolet Advisory Services LLC now owns 6,362 shares of the company’s stock valued at $346,000 after purchasing an additional 2,277 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Xcel Energy by 1.8% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,186,101 shares of the company’s stock valued at $223,264,000 after purchasing an additional 74,690 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new stake in shares of Xcel Energy in the first quarter valued at approximately $80,283,000. Finally, Dorsey & Whitney Trust CO LLC increased its holdings in shares of Xcel Energy by 10.9% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 17,594 shares of the company’s stock valued at $946,000 after purchasing an additional 1,727 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Trading Up 2.2 %

NASDAQ:XEL opened at $56.36 on Thursday. The firm has a market cap of $31.32 billion, a PE ratio of 16.92, a price-to-earnings-growth ratio of 2.42 and a beta of 0.37. The stock has a fifty day moving average price of $54.26 and a 200 day moving average price of $55.30. Xcel Energy Inc. has a 12-month low of $46.79 and a 12-month high of $65.62. The company has a current ratio of 0.86, a quick ratio of 0.74 and a debt-to-equity ratio of 1.48.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings results 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. Xcel Energy had a return on equity of 11.03% and a net margin of 13.36%. The company had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same period last year, the firm earned $0.76 earnings per share. Xcel Energy’s quarterly revenue was down 10.6% on a year-over-year basis. Sell-side analysts anticipate that Xcel Energy Inc. will post 3.56 earnings per share for the current fiscal year.

Xcel Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, July 20th. Shareholders of record on Friday, June 14th were paid a $0.5475 dividend. This represents a $2.19 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date of this dividend was Friday, June 14th. Xcel Energy’s dividend payout ratio is presently 65.77%.

Analyst Ratings Changes

Several research firms recently commented on XEL. Morgan Stanley cut their price target on Xcel Energy from $65.00 to $62.00 and set an “equal weight” rating for the company in a report on Monday, June 24th. Bank of America increased their price objective on Xcel Energy from $63.00 to $66.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. KeyCorp lowered their price objective on Xcel Energy from $68.00 to $65.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. Barclays increased their price objective on Xcel Energy from $56.00 to $57.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. Finally, Evercore ISI increased their price objective on Xcel Energy from $54.00 to $59.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.