Fideuram Intesa Sanpaolo Private Banking S.P.A. Makes New $5.03 Million Investment in Xcel Energy Inc. $XEL

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 68,121 shares of the company’s stock, valued at approximately $5,031,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in Xcel Energy by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 77,610,805 shares of the company’s stock valued at $5,732,334,000 after purchasing an additional 885,085 shares during the last quarter. State Street Corp lifted its holdings in Xcel Energy by 5.1% in the 3rd quarter. State Street Corp now owns 35,896,553 shares of the company’s stock valued at $2,914,984,000 after purchasing an additional 1,752,296 shares in the last quarter. Bank of America Corp DE boosted its stake in Xcel Energy by 9.9% during the 3rd quarter. Bank of America Corp DE now owns 28,851,485 shares of the company’s stock worth $2,326,872,000 after purchasing an additional 2,589,406 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Xcel Energy by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 21,026,015 shares of the company’s stock worth $1,695,748,000 after buying an additional 831,639 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Xcel Energy by 5.7% during the third quarter. Invesco Ltd. now owns 7,782,869 shares of the company’s stock worth $627,688,000 after buying an additional 416,447 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Wall Street Analyst Weigh In

XEL has been the topic of several research reports. Argus set a $86.00 price target on shares of Xcel Energy in a research note on Thursday, March 12th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $95.00 price objective on shares of Xcel Energy in a research note on Friday, January 23rd. Barclays cut their price objective on shares of Xcel Energy from $91.00 to $87.00 and set an “overweight” rating for the company in a report on Tuesday, May 12th. Evercore reissued an “outperform” rating and issued a $96.00 target price on shares of Xcel Energy in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. dropped their price target on Xcel Energy from $94.00 to $91.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Xcel Energy presently has a consensus rating of “Buy” and a consensus target price of $90.94.

Xcel Energy Stock Up 0.2%

NASDAQ XEL opened at $79.86 on Thursday. The business’s fifty day simple moving average is $79.93 and its 200-day simple moving average is $78.63. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.45. The firm has a market cap of $49.85 billion, a PE ratio of 23.01, a P/E/G ratio of 2.07 and a beta of 0.41. Xcel Energy Inc. has a 52 week low of $65.21 and a 52 week high of $84.23.

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

Xcel Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 20th. Stockholders of record on Friday, March 13th were paid a $0.5925 dividend. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Friday, March 13th. This represents a $2.37 annualized dividend and a dividend yield of 3.0%. Xcel Energy’s dividend payout ratio is currently 68.30%.

Xcel Energy 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.