Moors & Cabot Inc. increased its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 3.2% in the 1st quarter, HoldingsChannel reports. The firm owned 8,532 shares of the company’s stock after buying an additional 268 shares during the quarter. Moors & Cabot Inc.’s holdings in Xcel Energy were worth $567,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. ShoreHaven Wealth Partners LLC purchased a new stake in Xcel Energy in the 4th quarter worth approximately $28,000. Childress Capital Advisors LLC purchased a new stake in shares of Xcel Energy during the 4th quarter valued at $33,000. tru Independence LLC purchased a new stake in shares of Xcel Energy during the 4th quarter valued at $39,000. Concord Wealth Partners purchased a new stake in shares of Xcel Energy during the 4th quarter valued at $40,000. Finally, Vantage Consulting Group Inc purchased a new stake in shares of Xcel Energy during the 4th quarter valued at $41,000. Hedge funds and other institutional investors own 75.30% of the company’s stock.
In other Xcel Energy news, CEO Benjamin G. S. Fowke III sold 121,101 shares of the company’s stock in a transaction dated Friday, May 14th. The shares were sold at an average price of $71.71, for a total value of $8,684,152.71. Following the completion of the transaction, the chief executive officer now owns 306,997 shares in the company, valued at approximately $22,014,754.87. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Timothy John O’connor sold 12,000 shares of the company’s stock in a transaction dated Friday, April 30th. The stock was sold at an average price of $70.22, for a total transaction of $842,640.00. Following the completion of the transaction, the executive vice president now owns 14,390 shares of the company’s stock, valued at approximately $1,010,465.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 161,090 shares of company stock worth $11,500,784. 0.21% of the stock is owned by company insiders.
Shares of Xcel Energy stock opened at $68.35 on Friday. The firm has a market cap of $36.79 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 3.82 and a beta of 0.29. The firm has a 50-day moving average of $70.39. The company has a current ratio of 0.88, a quick ratio of 0.79 and a debt-to-equity ratio of 1.46. Xcel Energy Inc. has a 1 year low of $57.23 and a 1 year high of $76.44.
Xcel Energy (NASDAQ:XEL) last issued its earnings results on Thursday, April 29th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. The business had revenue of $3.54 billion for the quarter, compared to analyst estimates of $3.03 billion. Xcel Energy had a net margin of 12.56% and a return on equity of 10.91%. The company’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.56 EPS. Equities analysts expect that Xcel Energy Inc. will post 2.98 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 20th. Investors of record on Tuesday, June 15th will be paid a dividend of $0.4575 per share. The ex-dividend date is Monday, June 14th. This represents a $1.83 annualized dividend and a yield of 2.68%. Xcel Energy’s dividend payout ratio (DPR) is 65.59%.
Several analysts have recently issued reports on XEL shares. KeyCorp boosted their price objective on shares of Xcel Energy from $71.00 to $74.00 and gave the company an “overweight” rating in a research note on Wednesday, April 21st. Morgan Stanley upped their price target on shares of Xcel Energy from $60.00 to $65.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 20th. TheStreet raised shares of Xcel Energy from a “c+” rating to a “b+” rating in a research report on Monday, April 26th. Finally, Barclays upped their price target on shares of Xcel Energy from $69.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $70.43.
About Xcel Energy
Xcel Energy Inc, through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources.
See Also: Balance Sheet
Want to see what other hedge funds are holding XEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xcel Energy Inc. (NASDAQ:XEL).
