Bokf Na Raises Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

Bokf Na raised its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 18.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,678 shares of the company’s stock after purchasing an additional 3,806 shares during the quarter. Bokf Na’s holdings in Xcel Energy were worth $1,315,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. grew its position in shares of Xcel Energy by 0.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 20,580 shares of the company’s stock worth $1,274,000 after buying an additional 182 shares during the period. Xponance Inc. grew its position in shares of Xcel Energy by 0.3% in the 4th quarter. Xponance Inc. now owns 70,411 shares of the company’s stock worth $4,359,000 after buying an additional 198 shares during the period. Epiq Partners LLC boosted its stake in Xcel Energy by 0.7% in the 1st quarter. Epiq Partners LLC now owns 29,072 shares of the company’s stock worth $1,563,000 after purchasing an additional 202 shares in the last quarter. Venture Visionary Partners LLC boosted its stake in Xcel Energy by 4.0% in the 4th quarter. Venture Visionary Partners LLC now owns 5,460 shares of the company’s stock worth $338,000 after purchasing an additional 210 shares in the last quarter. Finally, Avantax Advisory Services Inc. boosted its stake in Xcel Energy by 1.3% in the 1st quarter. Avantax Advisory Services Inc. now owns 16,054 shares of the company’s stock worth $863,000 after purchasing an additional 212 shares in the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on XEL shares. Evercore ISI upped their price target on shares of Xcel Energy from $54.00 to $59.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Morgan Stanley dropped their price target on shares of Xcel Energy from $65.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Monday, June 24th. 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, April 30th. Bank of America upped their target price on shares of Xcel Energy from $63.00 to $66.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Finally, KeyCorp lowered their target price on shares of Xcel Energy from $68.00 to $65.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $62.00.

Xcel Energy Stock Performance

Shares of NASDAQ:XEL traded up $0.08 during trading on Monday, hitting $57.44. The company’s stock had a trading volume of 186,941 shares, compared to its average volume of 4,478,699. The company has a 50-day moving average of $54.32 and a 200-day moving average of $55.16. Xcel Energy Inc. has a 12 month low of $46.79 and a 12 month high of $64.25. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.86 and a quick ratio of 0.74. The firm has a market cap of $31.92 billion, a price-to-earnings ratio of 17.23, a P/E/G ratio of 2.52 and a beta of 0.37.

Xcel Energy (NASDAQ:XEL) last released its earnings results on Thursday, April 25th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.08. The company had revenue of $3.65 billion during the quarter, compared to analyst estimates of $4.12 billion. Xcel Energy had a net margin of 13.36% and a return on equity of 11.03%. The firm’s quarterly revenue was down 10.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.76 EPS. On average, sell-side analysts expect that Xcel Energy Inc. will post 3.55 earnings per share for the current year.

Xcel Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, July 20th. Investors of record on Friday, June 14th were issued a $0.5475 dividend. This represents a $2.19 annualized dividend and a yield of 3.81%. The ex-dividend date was Friday, June 14th. Xcel Energy’s dividend payout ratio 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.