Bank of Montreal Can Reduces Stock Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Bank of Montreal Can lessened its position in shares of Xcel Energy Inc. (NASDAQ:XELGet Rating) by 27.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 629,773 shares of the company’s stock after selling 238,366 shares during the quarter. Bank of Montreal Can owned 0.12% of Xcel Energy worth $43,001,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Future Financial Wealth Managment LLC purchased a new stake in shares of Xcel Energy in the fourth quarter worth about $26,000. Equitec Proprietary Markets LLC purchased a new stake in shares of Xcel Energy in the fourth quarter worth about $27,000. TAP Consulting LLC purchased a new stake in shares of Xcel Energy in the fourth quarter worth about $28,000. Allegheny Financial Group LTD purchased a new stake in shares of Xcel Energy in the fourth quarter worth about $30,000. Finally, Covestor Ltd acquired a new position in Xcel Energy in the 4th quarter worth about $31,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

NASDAQ XEL opened at $74.22 on Friday. Xcel Energy Inc. has a 52-week low of $61.15 and a 52-week high of $76.05. The business’s 50-day moving average price is $72.95 and its 200 day moving average price is $69.16. The firm has a market cap of $40.42 billion, a P/E ratio of 24.82, a P/E/G ratio of 3.69 and a beta of 0.33. The company has a quick ratio of 0.66, a current ratio of 0.75 and a debt-to-equity ratio of 1.37.

Xcel Energy (NASDAQ:XELGet Rating) last posted its quarterly earnings results on Thursday, April 28th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. Xcel Energy had a net margin of 11.84% and a return on equity of 10.54%. The company had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.42 billion. During the same period last year, the firm earned $0.67 EPS. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, analysts anticipate that Xcel Energy Inc. will post 3.16 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 20th. Shareholders of record on Wednesday, June 15th will be issued a $0.4875 dividend. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $1.95 annualized dividend and a yield of 2.63%. Xcel Energy’s dividend payout ratio (DPR) is presently 65.22%.

In other Xcel Energy news, SVP Frank P. Prager sold 1,000 shares of the business’s stock in a transaction on Friday, April 29th. The stock was sold at an average price of $73.58, for a total value of $73,580.00. Following the completion of the transaction, the senior vice president now directly owns 29,174 shares in the company, valued at approximately $2,146,622.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.05% of the company’s stock.

A number of equities analysts have commented on the company. Morgan Stanley increased their target price on Xcel Energy from $69.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, April 20th. Evercore ISI upgraded Xcel Energy from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $70.00 to $75.00 in a research report on Tuesday, January 25th. Credit Suisse Group began coverage on Xcel Energy in a research report on Monday, April 25th. They issued an “outperform” rating and a $80.00 price objective for the company. Finally, KeyCorp raised their price target on Xcel Energy from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 20th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $74.40.

Xcel Energy Company Profile (Get Rating)

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

Institutional Ownership by Quarter for Xcel Energy (NASDAQ:XEL)

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