First Hawaiian Bank Boosts Holdings in Xcel Energy Inc. (NASDAQ:XEL)

First Hawaiian Bank boosted its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 4.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 10,756 shares of the company’s stock after purchasing an additional 421 shares during the quarter. First Hawaiian Bank’s holdings in Xcel Energy were worth $574,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Criterion Capital Advisors LLC purchased a new position in shares of Xcel Energy in the 4th quarter worth $25,000. Heritage Wealth Advisors bought a new stake in shares of Xcel Energy during the 4th quarter valued at about $25,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Xcel Energy during the 4th quarter valued at about $25,000. Pacific Capital Wealth Advisors Inc. bought a new position in shares of Xcel Energy in the 4th quarter worth approximately $25,000. Finally, Capital Analysts LLC boosted its holdings in shares of Xcel Energy by 293.6% in the fourth quarter. Capital Analysts LLC now owns 433 shares of the company’s stock worth $26,000 after buying an additional 323 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Morgan Stanley decreased their price objective on 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. Wells Fargo & Company lifted their price objective on shares of Xcel Energy from $57.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Friday. Bank of America raised their price target on Xcel Energy from $63.00 to $66.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Barclays lifted their price target 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. Finally, KeyCorp reduced their price target on shares of Xcel Energy from $68.00 to $65.00 and set an “overweight” rating for the company in a report on Friday, April 19th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.91.

Xcel Energy Stock Performance

Shares of XEL stock traded down $1.76 during mid-day trading on Monday, reaching $57.99. The stock had a trading volume of 4,273,797 shares, compared to its average volume of 4,482,497. The business’s fifty day moving average is $54.67 and its 200-day moving average is $55.08. The firm has a market cap of $32.22 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 2.60 and a beta of 0.37. Xcel Energy Inc. has a 1-year low of $46.79 and a 1-year high of $64.25. The company has a current ratio of 0.86, a quick ratio of 0.74 and a debt-to-equity ratio of 1.48.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.03). Xcel Energy had a net margin of 13.46% and a return on equity of 11.00%. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same quarter in the previous year, the firm posted $0.52 earnings per share. The business’s revenue was up .2% on a year-over-year basis. On average, research analysts forecast that Xcel Energy Inc. will post 3.55 earnings per share for the current year.

Xcel Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, October 20th. Investors of record on Friday, September 13th will be given a dividend of $0.548 per share. This is a boost from Xcel Energy’s previous quarterly dividend of $0.55. This represents a $2.19 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend is Friday, September 13th. Xcel Energy’s dividend payout ratio (DPR) is currently 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.