CIBC Bancorp USA Inc. Purchases New Stake in Xcel Energy Inc. $XEL

CIBC Bancorp USA Inc. bought a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 102,723 shares of the company’s stock, valued at approximately $8,285,000.

A number of other large investors also recently made changes to their positions in the business. Sunbelt Securities Inc. increased its stake in Xcel Energy by 40.5% in the 3rd quarter. Sunbelt Securities Inc. now owns 3,246 shares of the company’s stock valued at $262,000 after buying an additional 936 shares during the period. Captrust Financial Advisors lifted its position in Xcel Energy by 3.6% in the 3rd quarter. Captrust Financial Advisors now owns 115,415 shares of the company’s stock worth $9,308,000 after buying an additional 3,982 shares in the last quarter. Danske Bank A S acquired a new stake in shares of Xcel Energy during the 3rd quarter valued at $589,000. Financial Engines Advisors L.L.C. acquired a new stake in shares of Xcel Energy during the 3rd quarter valued at $400,000. Finally, Morningstar Investment Management LLC grew its holdings in shares of Xcel Energy by 2,130.7% during the 3rd quarter. Morningstar Investment Management LLC now owns 66,585 shares of the company’s stock valued at $5,370,000 after acquiring an additional 63,600 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Price Performance

Shares of NASDAQ:XEL opened at $76.77 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.60 and a current ratio of 0.71. Xcel Energy Inc. has a 52 week low of $65.21 and a 52 week high of $84.23. The firm has a market cap of $47.90 billion, a PE ratio of 22.45, a price-to-earnings-growth ratio of 2.18 and a beta of 0.45. The firm’s fifty day moving average is $79.01 and its 200-day moving average is $77.95.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $0.96 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.96. The business had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.77 billion. Xcel Energy had a return on equity of 10.46% and a net margin of 13.76%.Xcel Energy’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.81 earnings per share. Sell-side analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 20th. Stockholders of record on Friday, March 13th will be paid a $0.5925 dividend. The ex-dividend date of this dividend is Friday, March 13th. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.57. This represents a $2.37 annualized dividend and a dividend yield of 3.1%. Xcel Energy’s payout ratio is currently 69.30%.

Analyst Ratings Changes

XEL has been the topic of a number of research reports. KeyCorp dropped their price target on shares of Xcel Energy from $85.00 to $84.00 and set an “overweight” rating on the stock in a research note on Friday, December 12th. BTIG Research set a $94.00 price objective on Xcel Energy in a research report on Friday, January 30th. Royal Bank Of Canada restated an “outperform” rating and issued a $95.00 target price on shares of Xcel Energy in a research note on Friday, January 23rd. Argus set a $86.00 target price on Xcel Energy in a research report on Thursday, March 12th. Finally, Barclays cut their price target on Xcel Energy from $85.00 to $82.00 and set an “overweight” rating for the company in a research note on Thursday, January 15th. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Xcel Energy currently has a consensus rating of “Buy” and a consensus price target of $88.44.

Xcel Energy Company 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.