Lbp Am Sa Has $4.82 Million Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Lbp Am Sa increased its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 1,137.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 89,661 shares of the company’s stock after buying an additional 82,416 shares during the period. Lbp Am Sa’s holdings in Xcel Energy were worth $4,819,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XEL. Asset Management One Co. Ltd. boosted its stake in shares of Xcel Energy by 2.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 298,074 shares of the company’s stock worth $18,448,000 after acquiring an additional 7,679 shares during the period. Principal Securities Inc. bought a new position in Xcel Energy during the fourth quarter worth $896,000. Kayne Anderson Capital Advisors LP increased its holdings in shares of Xcel Energy by 3.7% in the fourth quarter. Kayne Anderson Capital Advisors LP now owns 325,159 shares of the company’s stock valued at $20,131,000 after purchasing an additional 11,709 shares during the last quarter. ProShare Advisors LLC raised its position in shares of Xcel Energy by 23.2% in the first quarter. ProShare Advisors LLC now owns 643,986 shares of the company’s stock valued at $34,614,000 after purchasing an additional 121,118 shares during the period. Finally, Allianz Asset Management GmbH lifted its stake in shares of Xcel Energy by 7.5% during the 4th quarter. Allianz Asset Management GmbH now owns 419,106 shares of the company’s stock worth $25,947,000 after buying an additional 29,307 shares during the last quarter. 78.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

XEL has been the topic of a number of research reports. KeyCorp decreased their price target on shares of Xcel Energy from $68.00 to $65.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. StockNews.com upgraded Xcel Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Morgan Stanley dropped their price target on Xcel Energy from $65.00 to $62.00 and set an “equal weight” rating for the company in a report on Monday, June 24th. Evercore ISI increased their price objective on Xcel Energy from $54.00 to $59.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Finally, Barclays lifted their price objective on shares of Xcel Energy from $56.00 to $57.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Xcel Energy currently has an average rating of “Moderate Buy” and an average target price of $62.00.

Xcel Energy Trading Up 1.4 %

Shares of Xcel Energy stock traded up $0.83 during trading on Thursday, hitting $59.11. The company’s stock had a trading volume of 4,485,027 shares, compared to its average volume of 4,489,268. The stock has a market cap of $32.84 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 2.58 and a beta of 0.37. Xcel Energy Inc. has a 52 week low of $46.79 and a 52 week high of $64.25. The stock has a 50-day moving average price of $54.45 and a two-hundred day moving average price of $55.14. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.86 and a quick ratio of 0.74.

Xcel Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, October 20th. Stockholders of record on Friday, September 13th will be given a dividend of $0.548 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.71%. This is an increase from Xcel Energy’s previous quarterly dividend of $0.55. The ex-dividend date is Friday, September 13th. Xcel Energy’s dividend payout ratio (DPR) is 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.