Cambridge Investment Research Advisors Inc. grew its stake in shares of Xcel Energy Inc. (NASDAQ:XEL – Get Rating) by 6.5% in the second quarter, HoldingsChannel reports. The fund owned 81,602 shares of the company's stock after buying an additional 5,004 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Xcel Energy were worth $5,774,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Freestone Capital Holdings LLC grew its holdings in shares of Xcel Energy by 9.0% during the 4th quarter. Freestone Capital Holdings LLC now owns 6,211 shares of the company's stock worth $420,000 after purchasing an additional 511 shares during the period. Verition Fund Management LLC grew its holdings in shares of Xcel Energy by 68.2% during the 1st quarter. Verition Fund Management LLC now owns 28,794 shares of the company's stock worth $2,078,000 after purchasing an additional 11,672 shares during the period. Duff & Phelps Investment Management Co. grew its holdings in shares of Xcel Energy by 15.5% during the 1st quarter. Duff & Phelps Investment Management Co. now owns 2,058,497 shares of the company's stock worth $148,562,000 after purchasing an additional 275,897 shares during the period. Nordea Investment Management AB grew its holdings in shares of Xcel Energy by 29.8% during the 1st quarter. Nordea Investment Management AB now owns 1,727,542 shares of the company's stock worth $125,091,000 after purchasing an additional 396,291 shares during the period. Finally, Personal CFO Solutions LLC purchased a new stake in shares of Xcel Energy during the 1st quarter worth about $334,000. Institutional investors and hedge funds own 77.52% of the company's stock.

Xcel Energy Stock Performance

XEL stock opened at $71.56 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.86 and a debt-to-equity ratio of 1.45. The firm has a market cap of $39.14 billion, a P/E ratio of 23.77, a P/E/G ratio of 3.56 and a beta of 0.34. Xcel Energy Inc. has a 12-month low of $61.15 and a 12-month high of $77.66. The stock's 50 day simple moving average is $74.87 and its 200 day simple moving average is $71.80.

Xcel Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Shareholders of record on Thursday, September 15th will be given a $0.4875 dividend. This represents a $1.95 annualized dividend and a yield of 2.72%. The ex-dividend date is Wednesday, September 14th. Xcel Energy's dividend payout ratio is presently 64.78%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Credit Suisse Group decreased their target price on Xcel Energy to $77.00 in a report on Thursday, June 9th. Barclays decreased their price target on Xcel Energy from $82.00 to $78.00 and set an "overweight" rating for the company in a report on Monday, July 18th. UBS Group decreased their price target on Xcel Energy from $74.00 to $71.00 and set a "neutral" rating for the company in a report on Thursday, June 30th. Finally, Morgan Stanley upped their price target on Xcel Energy from $69.00 to $74.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 23rd. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $74.40.

Xcel Energy Profile

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Xcel Energy Inc, through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources.

Further Reading

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