First Hawaiian Bank Has $726,000 Holdings in Xcel Energy Inc. (NASDAQ:XEL)

First Hawaiian Bank increased its stake in Xcel Energy Inc. (NASDAQ:XEL) by 8.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,257 shares of the company’s stock after purchasing an additional 776 shares during the period. First Hawaiian Bank’s holdings in Xcel Energy were worth $726,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB lifted its position in Xcel Energy by 11.5% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,024 shares of the company’s stock worth $143,000 after buying an additional 209 shares in the last quarter. 111 Capital bought a new stake in Xcel Energy during the 4th quarter worth about $430,000. Wealth Enhancement Advisory Services LLC lifted its position in Xcel Energy by 3.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 399,308 shares of the company’s stock worth $26,961,000 after buying an additional 12,646 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its position in Xcel Energy by 27.4% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 4,018 shares of the company’s stock worth $271,000 after buying an additional 863 shares in the last quarter. Finally, Anchor Pointe Wealth Management LLC bought a new stake in Xcel Energy during the 4th quarter worth about $221,000. 78.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

XEL has been the topic of several analyst reports. Wall Street Zen cut shares of Xcel Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, May 20th. Evercore ISI boosted their price target on shares of Xcel Energy from $74.00 to $77.00 and gave the stock an “outperform” rating in a research report on Monday, April 28th. Morgan Stanley set a $78.00 price target on shares of Xcel Energy and gave the stock an “equal weight” rating in a research report on Thursday, May 22nd. UBS Group boosted their price target on shares of Xcel Energy from $73.00 to $77.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 1st. Finally, BMO Capital Markets boosted their price target on shares of Xcel Energy from $69.00 to $73.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.90.

Xcel Energy Stock Up 1.1%

Shares of XEL stock opened at $70.20 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. The firm’s 50-day moving average is $69.89 and its 200-day moving average is $68.96. The stock has a market cap of $40.49 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 2.62 and a beta of 0.38. Xcel Energy Inc. has a 52-week low of $51.97 and a 52-week high of $73.38.

Xcel Energy (NASDAQ:XEL) last issued its earnings results on Thursday, April 24th. The company reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.11). The firm had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.88 earnings per share. Sell-side analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, July 20th. Shareholders of record on Friday, June 13th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.28 annualized dividend and a yield of 3.25%. Xcel Energy’s dividend payout ratio is currently 67.06%.

Insider Buying and Selling at Xcel Energy

In related news, Director Devin W. Stockfish purchased 2,170 shares of the stock in a transaction on Tuesday, March 11th. The shares were purchased at an average cost of $68.93 per share, with a total value of $149,578.10. Following the acquisition, the director now directly owns 3,007 shares in the company, valued at $207,272.51. The trade was a 259.26% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.09% of the company’s stock.

Xcel Energy Company 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.