Eastern Bank raised its holdings in Xcel Energy Inc. (NASDAQ:XEL – Free Report) by 9.3% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,524 shares of the company’s stock after acquiring an additional 556 shares during the quarter. Eastern Bank’s holdings in Xcel Energy were worth $444,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently bought and sold shares of XEL. Brighton Jones LLC bought a new position in Xcel Energy in the 4th quarter valued at $240,000. Farther Finance Advisors LLC grew its position in Xcel Energy by 111.9% in the 1st quarter. Farther Finance Advisors LLC now owns 11,140 shares of the company’s stock valued at $788,000 after acquiring an additional 5,883 shares during the last quarter. SG Americas Securities LLC bought a new position in Xcel Energy in the 1st quarter valued at $3,127,000. CX Institutional grew its position in Xcel Energy by 13.7% in the 1st quarter. CX Institutional now owns 6,826 shares of the company’s stock valued at $483,000 after acquiring an additional 822 shares during the last quarter. Finally, Simon Quick Advisors LLC grew its position in shares of Xcel Energy by 22.9% during the 1st quarter. Simon Quick Advisors LLC now owns 7,496 shares of the company’s stock worth $531,000 after buying an additional 1,395 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.
Xcel Energy Trading Down 0.4%
NASDAQ:XEL opened at $80.93 on Friday. Xcel Energy Inc. has a 52 week low of $62.12 and a 52 week high of $82.54. The firm has a 50 day moving average of $74.65 and a 200 day moving average of $71.31. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $47.86 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 2.72 and a beta of 0.37.
Xcel Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Monday, September 15th will be paid a $0.57 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.28 dividend on an annualized basis and a yield of 2.8%. Xcel Energy’s dividend payout ratio (DPR) is 63.16%.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on XEL. BMO Capital Markets set a $84.00 price target on Xcel Energy in a research report on Thursday, September 25th. Weiss Ratings reissued a “hold (c+)” rating on shares of Xcel Energy in a research report on Wednesday. Morgan Stanley dropped their price target on Xcel Energy from $81.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Mizuho set a $83.00 price target on Xcel Energy in a research report on Thursday, September 25th. Finally, Bank of America increased their price target on Xcel Energy from $78.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, September 25th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Xcel Energy has a consensus rating of “Moderate Buy” and a consensus price target of $81.91.
View Our Latest Research Report on Xcel Energy
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.
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