Xcel Energy Inc. (NASDAQ:XEL) Stock Position Lifted by Bokf Na

Bokf Na grew its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 18.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,678 shares of the company’s stock after buying an additional 3,806 shares during the period. Bokf Na’s holdings in Xcel Energy were worth $1,315,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in XEL. Caprock Group LLC raised its position in shares of Xcel Energy by 42.8% during the 4th quarter. Caprock Group LLC now owns 7,516 shares of the company’s stock worth $469,000 after purchasing an additional 2,254 shares during the period. Woodmont Investment Counsel LLC acquired a new stake in shares of Xcel Energy during the 4th quarter worth approximately $209,000. ICICI Prudential Asset Management Co Ltd raised its position in shares of Xcel Energy by 9.1% during the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 5,355 shares of the company’s stock worth $332,000 after purchasing an additional 448 shares during the period. Fifth Third Bancorp raised its position in shares of Xcel Energy by 3.4% during the 4th quarter. Fifth Third Bancorp now owns 60,783 shares of the company’s stock worth $3,763,000 after purchasing an additional 2,014 shares during the period. Finally, Bridge Creek Capital Management LLC increased its position in Xcel Energy by 2.9% in the 4th quarter. Bridge Creek Capital Management LLC now owns 52,497 shares of the company’s stock valued at $3,250,000 after acquiring an additional 1,465 shares during the period. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Stock Up 0.1 %

Shares of Xcel Energy stock traded up $0.08 during midday trading on Monday, hitting $57.44. The company’s stock had a trading volume of 186,941 shares, compared to its average volume of 4,478,699. The firm has a market capitalization of $31.92 billion, a P/E ratio of 17.23, a PEG ratio of 2.52 and a beta of 0.37. The stock has a 50-day simple moving average of $54.32 and a 200-day simple moving average of $55.16. 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 1-year low of $46.79 and a 1-year high of $64.25.

Xcel Energy (NASDAQ:XEL) last issued its earnings results on Thursday, April 25th. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.80 by $0.08. The business had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Xcel Energy had a return on equity of 11.03% and a net margin of 13.36%. Xcel Energy’s revenue was down 10.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.76 earnings per share. As a group, sell-side analysts expect that Xcel Energy Inc. will post 3.55 earnings per share for the current year.

Xcel Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, July 20th. Investors of record on Friday, June 14th were issued a dividend of $0.5475 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $2.19 annualized dividend and a dividend yield of 3.81%. Xcel Energy’s dividend payout ratio is 65.77%.

Wall Street Analyst Weigh In

XEL has been the topic of several analyst reports. Evercore ISI raised their target price on Xcel Energy from $54.00 to $59.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. StockNews.com upgraded Xcel Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. KeyCorp lowered their target price on Xcel Energy from $68.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. Barclays lifted their price target on Xcel Energy from $56.00 to $57.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. Finally, Morgan Stanley lowered their price target on Xcel Energy from $65.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Monday, June 24th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Xcel Energy currently has an average rating of “Moderate Buy” and a consensus price target of $62.00.

Xcel Energy 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.