18,230 Shares in Xcel Energy Inc. $XEL Bought by Bayban

Bayban bought a new stake in Xcel Energy Inc. (NASDAQ:XEL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,230 shares of the company’s stock, valued at approximately $1,346,000. Xcel Energy comprises approximately 1.2% of Bayban’s holdings, making the stock its 14th biggest holding.

A number of other hedge funds and other institutional investors also recently bought and sold shares of XEL. Quadrant Capital Group LLC boosted its position in shares of Xcel Energy by 1.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 7,358 shares of the company’s stock worth $593,000 after acquiring an additional 125 shares in the last quarter. TIAA Trust National Association lifted its stake in Xcel Energy by 1.0% during the third quarter. TIAA Trust National Association now owns 12,683 shares of the company’s stock worth $1,022,000 after purchasing an additional 126 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in Xcel Energy by 0.5% during the fourth quarter. Bleakley Financial Group LLC now owns 28,949 shares of the company’s stock worth $2,138,000 after purchasing an additional 131 shares during the last quarter. Hills Bank & Trust Co boosted its holdings in Xcel Energy by 2.2% in the fourth quarter. Hills Bank & Trust Co now owns 6,184 shares of the company’s stock valued at $457,000 after purchasing an additional 133 shares in the last quarter. Finally, Keel Point LLC boosted its holdings in Xcel Energy by 2.6% in the fourth quarter. Keel Point LLC now owns 5,485 shares of the company’s stock valued at $405,000 after purchasing an additional 137 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Stock Performance

NASDAQ XEL opened at $77.41 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 1.45. The business’s 50 day moving average is $79.48 and its two-hundred day moving average is $78.34. Xcel Energy Inc. has a 12-month low of $66.32 and a 12-month high of $84.23. The stock has a market capitalization of $48.32 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 2.01 and a beta of 0.39.

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

Xcel Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, June 15th will be issued a $0.5925 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.37 dividend on an annualized basis and a yield of 3.1%. Xcel Energy’s dividend payout ratio (DPR) is 68.30%.

Analyst Ratings Changes

A number of analysts have weighed in on XEL shares. Truist Financial cut their price objective on shares of Xcel Energy from $95.00 to $92.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Barclays lowered their target price 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. BMO Capital Markets increased their target price on shares of Xcel Energy from $90.00 to $94.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Evercore reaffirmed an “outperform” rating and issued a $96.00 target price on shares of Xcel Energy in a research report on Monday, May 4th. Finally, KeyCorp reiterated an “overweight” rating on shares of Xcel Energy in a research note on Monday, June 8th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Xcel Energy presently has an average rating of “Buy” and a consensus target price of $90.62.

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.