Citigroup Inc. has increased its stake in Xcel Energy Inc. (NASDAQ:XEL) by 28.1%, owning approximately $64.41 million worth of shares as of its latest SEC filing. The fund owned 909,876 shares of the company's stock after purchasing an additional 199,809 shares during the period. Citigroup Inc. owned approximately 0.16% of Xcel Energy worth $64,410,000 as of its most recent filing with the Securities and Exchange Commission. Other institutional investors have also added to or reduced their stakes in the company. Accent Capital Management LLC acquired a new stake in shares of Xcel Energy in the first quarter valued at approximately $29,000. BankPlus Trust Department bought a new position in Xcel Energy during the 1st quarter worth $34,000. Rossby Financial LCC acquired a new position in Xcel Energy in the 1st quarter valued at $50,000. Itau Unibanco Holding S.A. bought a new stake in shares of Xcel Energy during the 4th quarter valued at $52,000. Finally, Alpine Bank Wealth Management acquired a new stake in shares of Xcel Energy during the 1st quarter worth $53,000. 78.38% of the stock is currently owned by institutional investors. Xcel Energy's recent earnings report showed an EPS of $0.75, exceeding analysts' expectations and indicating a 14.85% net margin. The company recently declared a quarterly dividend of $0.57 per share, with a yield of 3.1% and a payout ratio of 63.16%. The company has a market cap of $43.37 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 2.47 and a beta of 0.34. The firm has a 50 day simple moving average of $69.57 and a 200 day simple moving average of $69.40. Xcel Energy last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.09. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%. The company had revenue of $3.29 billion during the quarter, compared to analysts' expectations of $3.31 billion. During the same period in the prior year, the company earned $0.54 EPS. Xcel Energy's revenue was up 8.6% compared to the same quarter last year. Research analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year. The company also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Monday, September 15th. Xcel Energy's payout ratio is 63.16%. A number of research analysts recently commented on the company. Wells Fargo & Company set a $78.00 price target on Xcel Energy and gave the stock an 'overweight' rating in a research report on Friday, April 25th. Morgan Stanley decreased their target price on shares of Xcel Energy from $78.00 to $77.00 and set an 'equal weight' rating on the stock in a report on Wednesday, June 18th. Evercore ISI upped their price target on shares of Xcel Energy from $74.00 to $77.00 and gave the stock an 'outperform' rating in a report on Monday, April 28th. Mizuho lifted their price objective on shares of Xcel Energy from $74.00 to $78.00 and gave the company an 'outperform' rating in a research note on Friday, August 1st. Finally, Barclays boosted their price objective on shares of Xcel Energy from $72.00 to $73.00 and gave the company an 'overweight' rating in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of 'Moderate Buy' and a consensus price target of $76.00. 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.

Citigroup Inc. Has $64.41 Million Stake in Xcel Energy Inc. (NASDAQ:XEL)

Citigroup Inc. has increased its stake in Xcel Energy Inc. (NASDAQ:XEL) by 28.1%, now owning approximately $64.41 million worth of shares, equivalent to 0.16% of the company's total shares. The stake was acquired through the purchase of 199,809 additional shares, bringing the total to 909,876 shares. Other institutional investors, including Accent Capital Management LLC, BankPlus Trust Department, Rossby Financial LCC, Itau Unibanco Holding S.A., and Alpine Bank Wealth Management, also made new investments in the first or fourth quarter. Xcel Energy reported a quarterly EPS of $0.75, exceeding expectations, with a net margin of 14.85%, revenue of $3.29 billion (up 8.6% year-over-year), and a return on equity of 10.52%. The company declared a quarterly dividend of $0.57 per share, with a yield of 3.1% and a payout ratio of 63.16%. Analysts have provided various price targets and ratings, with a consensus price target of $76.00 and a 'Moderate Buy' rating. Xcel Energy operates in electricity generation, transmission, and distribution, utilizing wind, nuclear, hydroelectric, solar, and other energy sources.