NBC Securities Inc. Cuts Stake in Xcel Energy Inc. (NASDAQ:XEL)

NBC Securities Inc. decreased its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 38.7% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,434 shares of the company’s stock after selling 2,797 shares during the period. NBC Securities Inc.’s holdings in Xcel Energy were worth $238,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in XEL. Envestnet Asset Management Inc. boosted its stake in shares of Xcel Energy by 8.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 494,256 shares of the company’s stock valued at $28,281,000 after purchasing an additional 36,934 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Xcel Energy by 25.0% in the 3rd quarter. LPL Financial LLC now owns 690,616 shares of the company’s stock valued at $39,517,000 after purchasing an additional 138,004 shares in the last quarter. Mariner LLC boosted its stake in shares of Xcel Energy by 1.3% in the 3rd quarter. Mariner LLC now owns 79,027 shares of the company’s stock valued at $4,522,000 after purchasing an additional 1,030 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of Xcel Energy by 3,124.4% in the 3rd quarter. Federated Hermes Inc. now owns 369,259 shares of the company’s stock valued at $21,129,000 after purchasing an additional 357,807 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Xcel Energy by 1.6% in the 3rd quarter. Northern Trust Corp now owns 5,739,186 shares of the company’s stock valued at $328,396,000 after purchasing an additional 90,819 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Evercore ISI upped their price target on shares of Xcel Energy from $54.00 to $59.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Morgan Stanley upped their price target on shares of Xcel Energy from $59.00 to $65.00 and gave the company an “equal weight” rating in a report on Tuesday, May 28th. Bank of America upped their price target on shares of Xcel Energy from $63.00 to $66.00 and gave the company a “buy” rating in a report on Monday, April 29th. TheStreet lowered shares of Xcel Energy from a “b-” rating to a “c+” rating in a report on Thursday, March 14th. Finally, Wolfe Research upgraded shares of Xcel Energy from a “peer perform” rating to an “outperform” rating and set a $58.00 price target for the company in a report on Monday, March 11th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $62.27.

Xcel Energy Stock Down 0.3 %

Shares of NASDAQ XEL opened at $53.37 on Friday. 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 Inc. has a 12 month low of $46.79 and a 12 month high of $65.62. The firm has a market capitalization of $29.65 billion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 2.35 and a beta of 0.38. The firm has a fifty day simple moving average of $54.55 and a two-hundred day simple moving average of $56.63.

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

Xcel Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, July 20th. Stockholders of record on Friday, June 14th will be given a $0.5475 dividend. This represents a $2.19 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date is Friday, June 14th. Xcel Energy’s dividend payout ratio is presently 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.