Financiere des Professionnels Fonds d investissement inc. Invests $3.51 Million in Xcel Energy Inc. $XEL

Financiere des Professionnels Fonds d investissement inc. bought a new stake in Xcel Energy Inc. (NASDAQ:XEL) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 44,200 shares of the company’s stock, valued at approximately $3,511,000.

Several other hedge funds have also bought and sold shares of XEL. Vanguard Group Inc. grew its holdings in Xcel Energy by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 77,610,805 shares of the company’s stock worth $5,732,334,000 after purchasing an additional 885,085 shares during the period. State Street Corp raised its stake in Xcel Energy by 1.2% in the fourth quarter. State Street Corp now owns 36,340,645 shares of the company’s stock valued at $2,704,534,000 after buying an additional 444,092 shares during the period. Bank of America Corp DE lifted its position in shares of Xcel Energy by 9.0% in the second quarter. Bank of America Corp DE now owns 26,262,079 shares of the company’s stock valued at $1,788,448,000 after buying an additional 2,157,602 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Xcel Energy by 16.9% in the fourth quarter. JPMorgan Chase & Co. now owns 24,572,438 shares of the company’s stock valued at $1,814,920,000 after buying an additional 3,546,423 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Xcel Energy by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 16,496,124 shares of the company’s stock worth $1,214,035,000 after acquiring an additional 126,498 shares during the period. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

XEL has been the topic of a number of recent analyst reports. Morgan Stanley set a $89.00 target price on Xcel Energy in a report on Wednesday, June 24th. BTIG Research reaffirmed a “buy” rating and set a $98.00 price target on shares of Xcel Energy in a report on Friday, June 26th. BMO Capital Markets lifted their price objective on shares of Xcel Energy from $90.00 to $94.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. New Street Research set a $91.00 price objective on shares of Xcel Energy in a report on Tuesday, June 23rd. Finally, Wall Street Zen lowered shares of Xcel Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $92.76.

Xcel Energy Stock Performance

Shares of NASDAQ XEL opened at $79.98 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.77 and a quick ratio of 0.68. The firm has a market cap of $49.93 billion, a price-to-earnings ratio of 23.05, a P/E/G ratio of 2.06 and a beta of 0.39. The stock’s fifty day moving average price is $79.57 and its two-hundred day moving average price is $79.05. Xcel Energy Inc. has a one year low of $68.97 and a one year high of $84.23.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Wednesday, April 29th. The company reported $0.91 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.91. The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.21 billion. Xcel Energy had a return on equity of 10.37% and a net margin of 14.14%.The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.84 earnings per share. On average, equities analysts forecast that Xcel Energy Inc. will post 4.11 EPS for the current year.

Xcel Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, June 15th will be paid a $0.5925 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.37 annualized dividend and a yield of 3.0%. Xcel Energy’s payout ratio is 68.30%.

Xcel Energy Company Profile

Xcel Energy (NASDAQ: XEL) is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company’s core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.

Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.