Xcel Energy Inc. $XEL Shares Sold by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co trimmed its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 50.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,000 shares of the company’s stock after selling 10,000 shares during the period. PKO Investment Management Joint Stock Co’s holdings in Xcel Energy were worth $794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Vermillion & White Wealth Management Group LLC purchased a new position in shares of Xcel Energy in the 3rd quarter valued at about $27,000. Abound Wealth Management lifted its stake in Xcel Energy by 394.5% during the fourth quarter. Abound Wealth Management now owns 361 shares of the company’s stock worth $27,000 after purchasing an additional 288 shares during the last quarter. Garton & Associates Financial Advisors LLC purchased a new stake in Xcel Energy during the fourth quarter worth approximately $30,000. Beacon Financial Strategies CORP acquired a new position in Xcel Energy in the fourth quarter valued at approximately $33,000. Finally, Pittenger & Anderson Inc. boosted its holdings in Xcel Energy by 73.8% in the fourth quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock valued at $35,000 after purchasing an additional 200 shares in the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Trading Up 1.9%

NASDAQ:XEL opened at $80.33 on Wednesday. The stock’s 50 day moving average price is $79.36 and its 200 day moving average price is $78.34. The company has a market capitalization of $50.15 billion, a PE ratio of 23.15, a P/E/G ratio of 2.05 and a beta of 0.39. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.45. Xcel Energy Inc. has a 52-week low of $66.56 and a 52-week high of $84.23.

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

Xcel Energy Dividend Announcement

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

Analysts Set New Price Targets

XEL has been the topic of a number of research analyst reports. Mizuho cut their price objective on shares of Xcel Energy from $94.00 to $91.00 and set an “outperform” rating on the stock in a report on Tuesday. JPMorgan Chase & Co. lowered their target price on shares of Xcel Energy from $94.00 to $91.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Barclays dropped their target price on shares of Xcel Energy from $91.00 to $87.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th. UBS Group lifted their price target on shares of Xcel Energy from $89.00 to $91.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Finally, KeyCorp reissued an “overweight” rating on shares of Xcel Energy in a research report on Monday, June 8th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $90.94.

About Xcel Energy

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.