Fulton Bank N.A. Has $2.38 Million Stake in Xcel Energy Inc. (NASDAQ:XEL)

Fulton Bank N.A. reduced its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,180 shares of the company’s stock after selling 535 shares during the period. Fulton Bank N.A.’s holdings in Xcel Energy were worth $2,375,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in XEL. Integris Wealth Management LLC raised its stake in Xcel Energy by 2.7% in the 3rd quarter. Integris Wealth Management LLC now owns 6,163 shares of the company’s stock valued at $402,000 after acquiring an additional 163 shares during the period. Bond & Devick Financial Network Inc. increased its stake in shares of Xcel Energy by 1.1% in the third quarter. Bond & Devick Financial Network Inc. now owns 15,972 shares of the company’s stock worth $1,043,000 after purchasing an additional 168 shares in the last quarter. LRI Investments LLC raised its position in shares of Xcel Energy by 5.9% in the third quarter. LRI Investments LLC now owns 3,037 shares of the company’s stock valued at $209,000 after purchasing an additional 170 shares during the period. Gateway Wealth Partners LLC lifted its stake in shares of Xcel Energy by 4.3% during the 2nd quarter. Gateway Wealth Partners LLC now owns 4,413 shares of the company’s stock valued at $236,000 after buying an additional 182 shares in the last quarter. Finally, Sumitomo Life Insurance Co. lifted its stake in shares of Xcel Energy by 2.9% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 6,591 shares of the company’s stock valued at $430,000 after buying an additional 183 shares in the last quarter. 78.38% of the stock is owned by institutional investors.

Xcel Energy Price Performance

XEL stock traded up $0.22 during midday trading on Wednesday, reaching $65.86. The company had a trading volume of 790,138 shares, compared to its average volume of 2,678,289. The firm has a 50-day moving average price of $68.55 and a 200-day moving average price of $62.99. The company has a market capitalization of $37.82 billion, a P/E ratio of 19.54, a P/E/G ratio of 2.79 and a beta of 0.42. Xcel Energy Inc. has a 1 year low of $46.79 and a 1 year high of $73.38. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82.

Xcel Energy (NASDAQ:XEL) last announced its earnings results on Thursday, October 31st. The company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.01). Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The company had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.93 billion. During the same quarter last year, the firm posted $1.23 earnings per share. The firm’s revenue was down .5% on a year-over-year basis. On average, research analysts anticipate that Xcel Energy Inc. will post 3.54 earnings per share for the current fiscal year.

Xcel Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Monday, January 6th will be paid a $0.5475 dividend. This represents a $2.19 annualized dividend and a yield of 3.33%. The ex-dividend date is Monday, January 6th. Xcel Energy’s dividend payout ratio is currently 64.99%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. raised shares of Xcel Energy from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $69.00 to $80.00 in a report on Thursday, December 12th. Wells Fargo & Company boosted their price objective on Xcel Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Barclays raised their target price on Xcel Energy from $67.00 to $71.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th. Morgan Stanley lowered their price target on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Finally, UBS Group boosted their price objective 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. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $69.17.

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.