Moody National Bank Trust Division Buys 266 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Moody National Bank Trust Division boosted its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 7.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,820 shares of the company’s stock after purchasing an additional 266 shares during the quarter. Moody National Bank Trust Division’s holdings in Xcel Energy were worth $205,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Xcel Energy in the fourth quarter valued at about $25,000. Criterion Capital Advisors LLC bought a new stake in Xcel Energy during the fourth quarter worth about $25,000. Pacific Capital Wealth Advisors Inc. bought a new stake in Xcel Energy during the fourth quarter worth about $25,000. Heritage Wealth Advisors bought a new stake in Xcel Energy during the fourth quarter worth about $25,000. Finally, Capital Analysts LLC lifted its position in Xcel Energy by 293.6% during the fourth quarter. Capital Analysts LLC now owns 433 shares of the company’s stock worth $26,000 after purchasing an additional 323 shares during the period. 78.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on XEL. Barclays upped their price objective on shares of Xcel Energy from $56.00 to $57.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. TheStreet downgraded Xcel Energy from a “b-” rating to a “c+” rating in a research note on Thursday, March 14th. Wolfe Research raised Xcel Energy from a “peer perform” rating to an “outperform” rating and set a $58.00 target price for the company in a research note on Monday, March 11th. JPMorgan Chase & Co. lowered their target price on Xcel Energy from $68.00 to $59.00 and set a “neutral” rating for the company in a research note on Wednesday, March 13th. Finally, StockNews.com raised Xcel Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Xcel Energy presently has an average rating of “Moderate Buy” and a consensus target price of $62.27.

Xcel Energy Stock Performance

Xcel Energy stock opened at $53.12 on Thursday. The business has a 50 day moving average of $54.55 and a 200-day moving average of $56.74. Xcel Energy Inc. has a 1 year low of $46.79 and a 1 year high of $65.62. 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 company has a market capitalization of $29.52 billion, a P/E ratio of 15.95, a P/E/G ratio of 2.34 and a beta of 0.38.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.08. Xcel Energy had a return on equity of 11.03% and a net margin of 13.36%. The company had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the prior year, the firm posted $0.76 earnings per share. The firm’s revenue was down 10.6% compared to the same quarter last year. On average, equities research analysts predict that Xcel Energy Inc. will post 3.56 earnings per share for the current year.

Xcel Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, July 20th. Investors of record on Friday, June 14th will be issued a $0.5475 dividend. This represents a $2.19 annualized dividend and a yield of 4.12%. The ex-dividend date is Friday, June 14th. Xcel Energy’s payout ratio is presently 65.77%.

Xcel Energy 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.