Xcel Energy Inc. (NASDAQ:XEL) Shares Acquired by UMB Bank n.a.

Posted by on Mar 21st, 2023

UMB Bank n.a. lifted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL – Get Rating) by 5.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 5,057 shares of the company’s stock after acquiring an additional 241 shares during the period. UMB Bank n.a.’s holdings in Xcel Energy were worth $355,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Acadian Asset Management LLC acquired a new position in shares of Xcel Energy in the 1st quarter valued at $302,000. Dimensional Fund Advisors LP raised its stake in shares of Xcel Energy by 8.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,318,573 shares of the company’s stock worth $95,163,000 after purchasing an additional 104,140 shares during the last quarter. Prudential PLC purchased a new position in shares of Xcel Energy in the first quarter worth about $1,385,000. Cetera Investment Advisers lifted its holdings in shares of Xcel Energy by 12.9% during the first quarter. Cetera Investment Advisers now owns 33,591 shares of the company’s stock worth $2,424,000 after purchasing an additional 3,836 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its position in Xcel Energy by 8.8% in the first quarter. Sequoia Financial Advisors LLC now owns 3,775 shares of the company’s stock valued at $272,000 after buying an additional 304 shares during the last quarter. Institutional investors and hedge funds own 77.15% of the company’s stock.

Insider Buying and Selling

In other Xcel Energy news, SVP Frank P. Prager sold 737 shares of the stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $65.00, for a total transaction of $47,905.00. Following the completion of the transaction, the senior vice president now owns 29,340 shares of the company’s stock, valued at $1,907,100. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.05% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on XEL shares. Mizuho decreased their price objective on shares of Xcel Energy from $75.00 to $72.00 and set a “buy” rating for the company in a research note on Friday. Morgan Stanley lowered their price target on shares of Xcel Energy from $68.00 to $66.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 22nd. Wells Fargo & Company reduced their price objective on Xcel Energy from $76.00 to $73.00 and set an “equal weight” rating for the company in a research note on Friday, January 27th. UBS Group upped their target price on Xcel Energy to $68.00 in a research note on Monday, November 21st. Finally, Credit Suisse Group cut Xcel Energy from an “outperform” rating to a “neutral” rating and set a $68.00 price target for the company. in a research report on Monday, November 21st. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Xcel Energy currently has an average rating of “Moderate Buy” and an average price target of $70.50.

Xcel Energy Stock Up 0.8 %

Xcel Energy stock opened at $67.39 on Tuesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.85 and a quick ratio of 0.71. The stock has a market capitalization of $37.05 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 3.00 and a beta of 0.41. The business has a 50 day simple moving average of $67.59 and a 200-day simple moving average of $66.73. Xcel Energy Inc. has a 12 month low of $56.89 and a 12 month high of $77.66.

Xcel Energy (NASDAQ:XEL – Get Rating) last issued its quarterly earnings results on Thursday, January 26th. The company reported $0.69 EPS for the quarter, hitting the consensus estimate of $0.69. The company had revenue of $4.05 billion during the quarter, compared to analyst estimates of $3.05 billion. Xcel Energy had a net margin of 11.34% and a return on equity of 10.72%. The firm’s revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.58 EPS. On average, analysts anticipate that Xcel Energy Inc. will post 3.37 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 20th. Investors of record on Wednesday, March 15th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Tuesday, March 14th. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.49. This represents a $2.08 dividend on an annualized basis and a yield of 3.09%. Xcel Energy’s dividend payout ratio (DPR) is currently 65.62%.

About Xcel Energy

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Xcel Energy, Inc operates as a holding company engaged in the generation, purchase, transmission, distribution, and sale of electricity. It operates through the following three segments: Regulated Electric Utility, Regulated Natural Gas Utility and All Others. The Regulated Electric Utility segment generates, transmits, and distributes electricity primarily in Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Colorado, Texas, and New Mexico.

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

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