Xcel Energy Inc. (NASDAQ:XEL) Shares Acquired by Intrust Bank NA

Intrust Bank NA boosted its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 29.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,081 shares of the company’s stock after purchasing an additional 2,064 shares during the period. Intrust Bank NA’s holdings in Xcel Energy were worth $562,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Xcel Energy by 15.6% in the 3rd quarter. Vanguard Group Inc. now owns 64,062,856 shares of the company’s stock valued at $3,665,677,000 after purchasing an additional 8,644,054 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Xcel Energy by 16.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 18,521,863 shares of the company’s stock valued at $1,059,821,000 after acquiring an additional 2,559,321 shares in the last quarter. Hsbc Holdings PLC raised its holdings in Xcel Energy by 216.1% in the third quarter. Hsbc Holdings PLC now owns 1,627,320 shares of the company’s stock valued at $92,981,000 after acquiring an additional 1,112,510 shares in the last quarter. Jennison Associates LLC boosted its stake in Xcel Energy by 184.9% during the 4th quarter. Jennison Associates LLC now owns 1,451,483 shares of the company’s stock valued at $89,861,000 after acquiring an additional 942,097 shares during the last quarter. Finally, Federated Hermes Inc. grew its holdings in Xcel Energy by 247.8% during the 4th quarter. Federated Hermes Inc. now owns 1,284,305 shares of the company’s stock worth $79,511,000 after acquiring an additional 915,046 shares in the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on XEL shares. Barclays upped their target price on shares of Xcel Energy from $56.00 to $57.00 and gave the company an “overweight” rating in a research note on Tuesday. Evercore ISI upped their price objective on Xcel Energy from $54.00 to $59.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. TheStreet lowered Xcel Energy from a “b-” rating to a “c+” rating in a research report on Thursday, March 14th. Wolfe Research upgraded Xcel Energy from a “peer perform” rating to an “outperform” rating and set a $58.00 price target for the company in a report on Monday, March 11th. Finally, StockNews.com cut Xcel Energy from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $62.83.

Xcel Energy Stock Down 1.4 %

Xcel Energy stock opened at $53.73 on Wednesday. The firm has a market capitalization of $29.85 billion, a P/E ratio of 16.14, a P/E/G ratio of 2.39 and a beta of 0.36. The company has a 50-day simple moving average of $53.57 and a 200-day simple moving average of $58.00. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $70.60. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.74 and a current ratio of 0.86.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Thursday, April 25th. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.80 by $0.08. The firm had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Xcel Energy had a net margin of 13.36% and a return on equity of 11.03%. Xcel Energy’s quarterly revenue was down 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 EPS. As a group, equities analysts expect that Xcel Energy Inc. will post 3.56 earnings per share for the current year.

Xcel Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, April 20th. Stockholders of record on Friday, March 15th were issued a dividend of $0.548 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 4.08%. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Thursday, March 14th. Xcel Energy’s dividend payout ratio (DPR) is 65.77%.

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.