Zions Bancorporation National Association UT Reduces Stock Holdings in Xcel Energy Inc. $XEL

Zions Bancorporation National Association UT reduced its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 21.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 91,031 shares of the company’s stock after selling 24,899 shares during the quarter. Zions Bancorporation National Association UT’s holdings in Xcel Energy were worth $6,724,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Xcel Energy during the 3rd quarter valued at about $27,000. Abound Wealth Management raised its holdings in shares of Xcel Energy by 394.5% during the 4th 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. Beacon Financial Strategies CORP purchased a new stake in Xcel Energy during the 4th quarter worth approximately $33,000. Pittenger & Anderson Inc. increased its holdings 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 purchasing an additional 200 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new stake in Xcel Energy during the 3rd quarter worth approximately $42,000. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on XEL. Evercore restated an “outperform” rating and set a $96.00 price objective on shares of Xcel Energy in a report on Monday, May 4th. Barclays dropped their price objective on Xcel Energy from $91.00 to $87.00 and set an “overweight” rating on the stock in a report on Tuesday, May 12th. KeyCorp restated an “overweight” rating on shares of Xcel Energy in a report on Monday. JPMorgan Chase & Co. dropped their price objective on Xcel Energy from $94.00 to $91.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Finally, BMO Capital Markets lifted their price objective on Xcel Energy from $90.00 to $94.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $90.63.

Xcel Energy Price Performance

Shares of XEL opened at $78.10 on Thursday. The firm has a market cap of $48.76 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 2.02 and a beta of 0.39. The stock has a 50 day moving average of $79.78 and a 200-day moving average of $78.44. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 1.45. Xcel Energy Inc. has a 52 week low of $65.21 and a 52 week high of $84.23.

Xcel Energy (NASDAQ:XEL) last issued its earnings results on Wednesday, April 29th. The company reported $0.91 EPS for the quarter, hitting the consensus estimate of $0.91. The company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.21 billion. Xcel Energy had a return on equity of 10.37% and a net margin of 14.14%.The business’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.84 EPS. As a group, analysts forecast that Xcel Energy Inc. will post 4.11 EPS for the current year.

Xcel Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, June 15th will be given a $0.5925 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.37 annualized dividend and a dividend yield of 3.0%. 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.