Fulton Bank N.A. Has $1.18 Million Holdings in Xcel Energy Inc. $XEL

Fulton Bank N.A. decreased its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 31.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,726 shares of the company’s stock after selling 6,764 shares during the period. Fulton Bank N.A.’s holdings in Xcel Energy were worth $1,182,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Evolution Wealth Management Inc. increased its holdings in shares of Xcel Energy by 365.3% during the 1st quarter. Evolution Wealth Management Inc. now owns 349 shares of the company’s stock worth $28,000 after acquiring an additional 274 shares during the last quarter. Garton & Associates Financial Advisors LLC bought a new position in Xcel Energy during the fourth quarter worth $30,000. Pittenger & Anderson Inc. boosted its position in Xcel Energy by 73.8% during the fourth quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock worth $35,000 after purchasing an additional 200 shares during the period. Advocate Investing Services LLC acquired a new position in shares of Xcel Energy in the fourth quarter valued at $38,000. Finally, Cedar Mountain Advisors LLC acquired a new position in shares of Xcel Energy in the first quarter valued at $39,000. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Stock Up 1.0%

XEL opened at $77.66 on Wednesday. Xcel Energy Inc. has a fifty-two week low of $69.16 and a fifty-two week high of $84.23. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.62 and a current ratio of 0.70. The company has a market capitalization of $48.51 billion, a P/E ratio of 21.28, a P/E/G ratio of 2.00 and a beta of 0.39. The stock has a fifty day moving average of $79.26 and a 200-day moving average of $79.56.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.79 by $0.14. Xcel Energy had a net margin of 15.28% and a return on equity of 10.65%. The business had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.54 billion. During the same period in the prior year, the company posted $1.59 earnings per share. Xcel Energy’s revenue was down 5.1% compared to the same quarter last year. On average, equities 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 Tuesday, October 20th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.5925 per share. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Tuesday, September 15th. Xcel Energy’s dividend payout ratio is presently 64.93%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on XEL. Morgan Stanley set a $89.00 target price on shares of Xcel Energy in a research note on Wednesday, June 24th. UBS Group upped their price target on shares of Xcel Energy from $89.00 to $91.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Jefferies Financial Group set a $101.00 price target on shares of Xcel Energy in a report on Tuesday, July 7th. BTIG Research restated a “buy” rating and set a $99.00 price objective on shares of Xcel Energy in a research report on Friday, July 31st. Finally, KeyCorp restated an “overweight” rating on shares of Xcel Energy in a report on Monday, June 8th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $92.76.

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.