Financiere des Professionnels Fonds d investissement inc. Buys Shares of 84,675 Xcel Energy Inc. (NASDAQ:XEL)

Financiere des Professionnels Fonds d investissement inc. bought a new stake in Xcel Energy Inc. (NASDAQ:XELFree Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 84,675 shares of the company’s stock, valued at approximately $4,845,000.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Xcel Energy by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 50,043,375 shares of the company’s stock valued at $3,611,630,000 after purchasing an additional 1,263,127 shares during the period. BlackRock Inc. increased its holdings in Xcel Energy by 0.7% in the second quarter. BlackRock Inc. now owns 50,000,954 shares of the company’s stock worth $3,108,559,000 after buying an additional 362,792 shares during the last quarter. State Street Corp increased its holdings in Xcel Energy by 0.6% in the second quarter. State Street Corp now owns 29,836,394 shares of the company’s stock worth $1,870,325,000 after buying an additional 172,477 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Xcel Energy by 16.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 18,521,863 shares of the company’s stock worth $1,059,821,000 after buying an additional 2,559,321 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Xcel Energy by 3.4% during the second quarter. Geode Capital Management LLC now owns 12,671,363 shares of the company’s stock valued at $786,477,000 after purchasing an additional 419,776 shares during the last quarter. Institutional investors and hedge funds own 77.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada raised their price objective on shares of Xcel Energy from $67.00 to $68.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 30th. BMO Capital Markets raised their target price on Xcel Energy from $59.00 to $62.00 and gave the stock a “market perform” rating in a research report on Monday, December 18th. Mizuho reduced their target price on Xcel Energy from $69.00 to $62.00 and set a “buy” rating for the company in a research report on Tuesday, October 24th. JPMorgan Chase & Co. raised their target price on Xcel Energy from $66.00 to $68.00 and gave the stock a “neutral” rating in a research report on Thursday, November 30th. Finally, Morgan Stanley raised their target price on Xcel Energy from $58.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 21st. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Xcel Energy presently has a consensus rating of “Hold” and an average price target of $65.00.

Check Out Our Latest Stock Report on XEL

Xcel Energy Trading Down 0.6 %

Shares of Xcel Energy stock traded down $0.37 during trading on Thursday, hitting $58.00. 2,570,283 shares of the company were exchanged, compared to its average volume of 4,349,088. The firm has a market capitalization of $32.01 billion, a P/E ratio of 18.07, a price-to-earnings-growth ratio of 2.72 and a beta of 0.40. Xcel Energy Inc. has a 1-year low of $53.73 and a 1-year high of $71.96. The firm’s fifty day moving average price is $61.17 and its 200 day moving average price is $59.82. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.87 and a quick ratio of 0.73.

Xcel Energy (NASDAQ:XELGet Free Report) last posted its earnings results on Thursday, January 25th. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.02). Xcel Energy had a return on equity of 10.88% and a net margin of 12.47%. The company had revenue of $3.44 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the previous year, the firm posted $0.69 earnings per share. Xcel Energy’s quarterly revenue was down 15.1% compared to the same quarter last year. As a group, sell-side analysts expect that Xcel Energy Inc. will post 3.57 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, January 20th. Shareholders of record on Thursday, December 28th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.59%. The ex-dividend date was Wednesday, December 27th. Xcel Energy’s payout ratio is 64.80%.

Xcel Energy Profile

(Free Report)

Xcel Energy Inc, through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources.

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Institutional Ownership by Quarter for Xcel Energy (NASDAQ:XEL)

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