Wealthfront Inc. lifted its holdings in Xcel Energy Inc (NYSE:XEL) by 90.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,294 shares of the utilities provider’s stock after buying an additional 29,585 shares during the period. Wealthfront Inc.’s holdings in Xcel Energy were worth $2,833,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Xcel Energy by 0.4% in the fourth quarter. BlackRock Inc. now owns 42,686,068 shares of the utilities provider’s stock worth $2,053,627,000 after buying an additional 190,067 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Xcel Energy by 2.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 9,791,557 shares of the utilities provider’s stock worth $445,319,000 after buying an additional 231,790 shares in the last quarter. Geode Capital Management LLC increased its position in Xcel Energy by 7.5% during the fourth quarter. Geode Capital Management LLC now owns 5,880,242 shares of the utilities provider’s stock worth $282,358,000 after purchasing an additional 408,384 shares during the last quarter. Boston Partners increased its position in Xcel Energy by 12.8% during the first quarter. Boston Partners now owns 5,784,793 shares of the utilities provider’s stock worth $263,093,000 after purchasing an additional 658,650 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Xcel Energy by 1.8% during the first quarter. American Century Companies Inc. now owns 5,103,607 shares of the utilities provider’s stock worth $232,112,000 after purchasing an additional 90,090 shares during the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.
Shares of XEL traded down $0.24 during trading on Friday, reaching $43.59. 104,877 shares of the company traded hands, compared to its average volume of 3,546,088. Xcel Energy Inc has a twelve month low of $44.10 and a twelve month high of $44.64. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 1.27.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 20th. Shareholders of record on Friday, June 15th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Thursday, June 14th.
In other Xcel Energy news, Chairman Benjamin G. S. Fowke III sold 80,000 shares of Xcel Energy stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $47.01, for a total transaction of $3,760,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.22% of the stock is owned by company insiders.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Tuesday, April 17th. JPMorgan Chase raised their price objective on shares of Xcel Energy from $46.00 to $48.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 28th. Morgan Stanley raised their price objective on shares of Xcel Energy from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, April 16th. UBS assumed coverage on shares of Xcel Energy in a research report on Friday, February 2nd. They set a “neutral” rating and a $47.00 price objective for the company. Finally, Royal Bank of Canada restated a “hold” rating and set a $49.00 price objective on shares of Xcel Energy in a research report on Thursday, February 1st. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $48.00.
About Xcel Energy
Xcel Energy Inc is a public utility holding company. The Company’s operations include the activity of four utility subsidiaries that serve electric and natural gas customers in eight states. The Company’s segments include regulated electric utility, regulated natural gas utility and all other. The Company’s utility subsidiaries include NSP-Minnesota, NSP-Wisconsin, Public Service Company of Colorado (PSCo) and Southwestern Public Service Co (SPS), which serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.
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