Union Bancaire Privee UBP SA Has $7.21 Million Holdings in Xcel Energy Inc. $XEL

Union Bancaire Privee UBP SA lifted its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 114.3% during the first quarter, HoldingsChannel.com reports. The firm owned 90,768 shares of the company’s stock after purchasing an additional 48,414 shares during the period. Union Bancaire Privee UBP SA’s holdings in Xcel Energy were worth $7,211,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC bought a new stake in Xcel Energy during the 3rd quarter worth about $27,000. Abound Wealth Management increased its position in shares of Xcel Energy by 394.5% during the 4th quarter. Abound Wealth Management now owns 361 shares of the company’s stock worth $27,000 after purchasing an additional 288 shares during the last quarter. Garton & Associates Financial Advisors LLC bought a new stake in Xcel Energy during the fourth quarter worth $30,000. Beacon Financial Strategies CORP bought a new stake in Xcel Energy in the 4th quarter valued at $33,000. Finally, Pittenger & Anderson Inc. raised its holdings in Xcel Energy by 73.8% in the 4th quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock valued at $35,000 after acquiring an additional 200 shares during the period. Institutional investors own 78.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on XEL shares. Wall Street Zen cut Xcel Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Weiss Ratings restated a “buy (b-)” rating on shares of Xcel Energy in a research note on Wednesday, June 17th. Evercore reaffirmed an “outperform” rating and issued a $96.00 target price on shares of Xcel Energy in a report on Monday, May 4th. Argus set a $86.00 price target on shares of Xcel Energy in a research note on Thursday, March 12th. Finally, JPMorgan Chase & Co. lowered their price objective on Xcel Energy from $94.00 to $91.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $91.29.

Xcel Energy Trading Up 0.6%

Shares of Xcel Energy stock opened at $82.23 on Friday. The stock has a fifty day simple moving average of $79.49 and a 200 day simple moving average of $78.42. The company has a market capitalization of $51.33 billion, a P/E ratio of 23.70, a price-to-earnings-growth ratio of 2.12 and a beta of 0.39. 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 12-month low of $66.56 and a 12-month high of $84.23.

Xcel Energy (NASDAQ:XEL) last announced its earnings results on Wednesday, April 29th. The company reported $0.91 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.91. The firm had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $4.21 billion. Xcel Energy had a return on equity of 10.37% and a net margin of 14.14%.The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.84 EPS. On average, sell-side analysts anticipate that Xcel Energy Inc. will post 4.11 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, June 15th will be paid a $0.5925 dividend. This represents a $2.37 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Monday, June 15th. Xcel Energy’s dividend payout ratio is 68.30%.

Xcel Energy 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.