First PREMIER Bank Sells 217 Shares of Xcel Energy Inc. (NASDAQ:XEL)

First PREMIER Bank reduced its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 0.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,534 shares of the company’s stock after selling 217 shares during the period. Xcel Energy makes up 1.3% of First PREMIER Bank’s portfolio, making the stock its 24th largest holding. First PREMIER Bank’s holdings in Xcel Energy were worth $5,063,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. ProShare Advisors LLC lifted its holdings in shares of Xcel Energy by 23.2% in the 1st quarter. ProShare Advisors LLC now owns 643,986 shares of the company’s stock worth $34,614,000 after acquiring an additional 121,118 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Xcel Energy by 2.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,625,530 shares of the company’s stock worth $87,372,000 after purchasing an additional 38,653 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Xcel Energy by 24.8% during the first quarter. Daiwa Securities Group Inc. now owns 100,969 shares of the company’s stock valued at $5,427,000 after buying an additional 20,068 shares during the period. Forsta AP Fonden grew its stake in shares of Xcel Energy by 91.6% during the first quarter. Forsta AP Fonden now owns 190,600 shares of the company’s stock valued at $10,245,000 after buying an additional 91,100 shares during the last quarter. Finally, Royal London Asset Management Ltd. grew its stake in shares of Xcel Energy by 3,424.0% during the fourth quarter. Royal London Asset Management Ltd. now owns 16,598 shares of the company’s stock valued at $1,028,000 after buying an additional 16,127 shares during the last quarter. 78.38% of the stock is owned by institutional investors.

Xcel Energy Stock Down 0.0 %

Xcel Energy stock opened at $62.90 on Wednesday. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $65.64. The business has a fifty day moving average of $61.87 and a two-hundred day moving average of $57.00. The firm has a market cap of $34.95 billion, a P/E ratio of 18.90, a P/E/G ratio of 2.82 and a beta of 0.39. The company has a quick ratio of 0.86, a current ratio of 0.97 and a debt-to-equity ratio of 1.54.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.03). Xcel Energy had a net margin of 13.46% and a return on equity of 10.94%. The firm had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.29 billion. During the same period in the previous year, the company posted $0.52 earnings per share. The business’s quarterly revenue was up .2% compared to the same quarter last year. On average, analysts forecast that Xcel Energy Inc. will post 3.55 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, October 20th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.548 per share. This represents a $2.19 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend is Friday, September 13th. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.55. Xcel Energy’s dividend payout ratio is currently 65.77%.

Analyst Ratings Changes

XEL has been the subject of a number of research analyst reports. KeyCorp raised their price target on Xcel Energy from $66.00 to $69.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. UBS Group boosted their target price on shares of Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Wells Fargo & Company upped their price target on shares of Xcel Energy from $57.00 to $63.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Argus upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a report on Monday, August 26th. Finally, Jefferies Financial Group initiated coverage on shares of Xcel Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $70.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $64.36.

About Xcel Energy

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.