First National Advisers LLC Grows Stake in Xcel Energy Inc. (NASDAQ:XEL)

First National Advisers LLC grew its holdings in Xcel Energy Inc. (NASDAQ:XELGet Rating) by 22.6% during the third quarter, HoldingsChannel reports. The fund owned 5,142 shares of the company’s stock after purchasing an additional 949 shares during the period. First National Advisers LLC’s holdings in Xcel Energy were worth $329,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in XEL. HHM Wealth Advisors LLC purchased a new position in Xcel Energy during the 2nd quarter worth approximately $26,000. Brown Brothers Harriman & Co. grew its stake in Xcel Energy by 129.1% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 362 shares of the company’s stock worth $26,000 after buying an additional 204 shares during the last quarter. Burleson & Company LLC purchased a new position in Xcel Energy during the 3rd quarter worth approximately $32,000. Pinnacle Financial Partners Inc. purchased a new position in Xcel Energy during the 3rd quarter worth approximately $32,000. Finally, Pinebridge Investments L.P. purchased a new position in Xcel Energy during the 2nd quarter worth approximately $38,000. Hedge funds and other institutional investors own 77.15% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. KeyCorp dropped their price target on Xcel Energy from $78.00 to $68.00 and set an “overweight” rating on the stock in a research note on Thursday, October 20th. Credit Suisse Group cut Xcel Energy from an “outperform” rating to a “neutral” rating and set a $68.00 price objective for the company. in a research report on Monday, November 21st. BMO Capital Markets decreased their price objective on Xcel Energy from $80.00 to $71.00 and set an “outperform” rating for the company in a research report on Wednesday, October 5th. Morgan Stanley increased their price objective on Xcel Energy from $67.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, JPMorgan Chase & Co. decreased their price objective on Xcel Energy from $86.00 to $72.00 and set an “overweight” rating for the company in a research report on Tuesday, October 18th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $70.73.

Insider Activity

In related news, SVP Frank P. Prager sold 1,138 shares of Xcel Energy stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $68.48, for a total transaction of $77,930.24. Following the completion of the transaction, the senior vice president now directly owns 28,036 shares of the company’s stock, valued at $1,919,905.28. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.05% of the company’s stock.

Xcel Energy Price Performance

Shares of XEL traded down $0.52 during mid-day trading on Wednesday, hitting $67.82. The company’s stock had a trading volume of 325,824 shares, compared to its average volume of 2,494,995. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.42. The firm has a 50-day simple moving average of $69.97 and a 200 day simple moving average of $69.00. The firm has a market capitalization of $37.11 billion, a P/E ratio of 22.19, a P/E/G ratio of 3.13 and a beta of 0.40. Xcel Energy Inc. has a 1-year low of $56.89 and a 1-year high of $77.66.

Xcel Energy (NASDAQ:XELGet Rating) last posted its quarterly earnings results on Thursday, October 27th. The company reported $1.18 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.02). The business had revenue of $4.08 billion during the quarter, compared to analyst estimates of $3.60 billion. Xcel Energy had a net margin of 11.44% and a return on equity of 10.50%. Analysts predict that Xcel Energy Inc. will post 3.16 EPS for the current fiscal year.

Xcel Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 20th. Stockholders of record on Thursday, December 29th were issued a $0.4875 dividend. The ex-dividend date of this dividend was Wednesday, December 28th. This represents a $1.95 annualized dividend and a dividend yield of 2.88%. Xcel Energy’s dividend payout ratio is currently 63.73%.

Xcel Energy Profile

(Get Rating)

Xcel Energy, Inc operates as a holding company engaged in the generation, purchase, transmission, distribution, and sale of electricity. It operates through the following three segments: Regulated Electric Utility, Regulated Natural Gas Utility and All Others. The Regulated Electric Utility segment generates, transmits, and distributes electricity primarily in Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Colorado, Texas, and New Mexico.

Further Reading

Want to see what other hedge funds are holding XEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xcel Energy Inc. (NASDAQ:XELGet Rating).

Institutional Ownership by Quarter for Xcel Energy (NASDAQ:XEL)

Receive News & Ratings for Xcel Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xcel Energy and related companies with MarketBeat.com's FREE daily email newsletter.