Swiss National Bank Has $137.91 Million Stake in Xcel Energy Inc. $XEL

Swiss National Bank increased its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 7.1% during the first quarter, HoldingsChannel reports. The fund owned 1,736,000 shares of the company’s stock after buying an additional 115,300 shares during the quarter. Swiss National Bank’s holdings in Xcel Energy were worth $137,908,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Evolution Wealth Management Inc. boosted its stake in shares of Xcel Energy by 365.3% during the first quarter. Evolution Wealth Management Inc. now owns 349 shares of the company’s stock valued at $28,000 after purchasing an additional 274 shares in the last quarter. Abound Wealth Management increased its stake in shares of Xcel Energy by 394.5% in the fourth quarter. Abound Wealth Management now owns 361 shares of the company’s stock valued at $27,000 after buying an additional 288 shares during the period. Garton & Associates Financial Advisors LLC bought a new position in Xcel Energy in the 4th quarter valued at approximately $30,000. Beacon Financial Strategies CORP bought a new position in Xcel Energy in the 4th quarter valued at approximately $33,000. Finally, Pittenger & Anderson Inc. boosted its position in Xcel Energy by 73.8% during the 4th quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock worth $35,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on XEL shares. BMO Capital Markets boosted their target price on shares of Xcel Energy from $90.00 to $94.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. UBS Group raised 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. Wall Street Zen lowered shares of Xcel Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Jefferies Financial Group set a $101.00 price objective on shares of Xcel Energy in a research note on Tuesday, July 7th. Finally, Barclays increased their price objective on Xcel Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $92.76.

Xcel Energy Price Performance

Xcel Energy stock opened at $78.67 on Tuesday. The stock has a market capitalization of $49.11 billion, a price-to-earnings ratio of 22.67, a PEG ratio of 2.05 and a beta of 0.39. Xcel Energy Inc. has a 52-week low of $69.16 and a 52-week high of $84.23. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.68 and a current ratio of 0.77. The stock’s 50 day moving average price is $79.52 and its two-hundred day moving average price is $79.12.

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

Xcel Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Monday, June 15th were issued a $0.5925 dividend. This represents a $2.37 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Monday, June 15th. Xcel Energy’s dividend payout ratio (DPR) is presently 68.30%.

Xcel Energy Company Profile

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.