J.W. Cole Advisors Inc. bought a new position in Xcel Energy Inc. (NASDAQ:XEL – Get Rating) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 159,740 shares of the company's stock, valued at approximately $42,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of XEL. JFS Wealth Advisors LLC grew its position in Xcel Energy by 256.3% in the 1st quarter. JFS Wealth Advisors LLC now owns 342 shares of the company's stock worth $25,000 after purchasing an additional 246 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of Xcel Energy in the 4th quarter worth approximately $29,000. Eagle Bay Advisors LLC lifted its stake in shares of Xcel Energy by 3,035.7% in the 1st quarter. Eagle Bay Advisors LLC now owns 439 shares of the company's stock worth $32,000 after acquiring an additional 425 shares during the period. Westside Investment Management Inc. lifted its stake in shares of Xcel Energy by 645.5% in the 1st quarter. Westside Investment Management Inc. now owns 492 shares of the company's stock worth $35,000 after acquiring an additional 426 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Xcel Energy by 72.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 567 shares of the company's stock worth $41,000 after acquiring an additional 239 shares during the period. Institutional investors own 77.52% of the company's stock.
Get Xcel Energy alerts:Xcel Energy Stock Down 1.2 %
Shares of NASDAQ:XEL opened at $71.56 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.86 and a current ratio of 1.00. The company has a market cap of $39.14 billion, a PE ratio of 23.77, a price-to-earnings-growth ratio of 3.56 and a beta of 0.34. Xcel Energy Inc. has a 52 week low of $61.15 and a 52 week high of $77.66. The firm has a 50 day simple moving average of $74.87 and a 200 day simple moving average of $71.84.
Xcel Energy (NASDAQ:XEL – Get Rating) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.18 billion. Xcel Energy had a net margin of 11.66% and a return on equity of 10.45%. As a group, research analysts expect that Xcel Energy Inc. will post 3.17 earnings per share for the current year.Xcel Energy Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 20th. Investors of record on Thursday, September 15th will be given a $0.4875 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $1.95 annualized dividend and a dividend yield of 2.72%. Xcel Energy's dividend payout ratio (DPR) is presently 64.78%.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. Morgan Stanley upped their price target on shares of Xcel Energy from $69.00 to $74.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 23rd. Credit Suisse Group reduced their price target on shares of Xcel Energy to $77.00 in a research note on Thursday, June 9th. Barclays cut their target price on shares of Xcel Energy from $82.00 to $78.00 and set an "overweight" rating for the company in a research note on Monday, July 18th. Finally, UBS Group cut their target price on shares of Xcel Energy from $74.00 to $71.00 and set a "neutral" rating for the company in a research note on Thursday, June 30th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Xcel Energy has a consensus rating of "Moderate Buy" and a consensus target price of $74.40.
Xcel Energy Company 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.
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