ACG Wealth purchased a new stake in Xcel Energy Inc. (NASDAQ:XEL – Get Rating) during the 2nd quarter, HoldingsChannel reports. The firm purchased 621 shares of the company's stock, valued at approximately $44,000.
Several other large investors have also added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. boosted its holdings in Xcel Energy by 6.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 81,602 shares of the company's stock valued at $5,774,000 after acquiring an additional 5,004 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Xcel Energy by 4.9% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,012 shares of the company's stock valued at $3,397,000 after buying an additional 2,247 shares in the last quarter. Lake Street Financial LLC boosted its holdings in shares of Xcel Energy by 27.8% during the 2nd quarter. Lake Street Financial LLC now owns 4,901 shares of the company's stock valued at $347,000 after buying an additional 1,066 shares in the last quarter. Diversified Trust Co bought a new stake in shares of Xcel Energy during the 2nd quarter valued at $233,000. Finally, Brookstone Capital Management boosted its holdings in shares of Xcel Energy by 50.5% during the 2nd quarter. Brookstone Capital Management now owns 4,743 shares of the company's stock valued at $330,000 after buying an additional 1,592 shares in the last quarter. Institutional investors own 77.52% of the company's stock.
Get Xcel Energy alerts:Xcel Energy Stock Performance
Shares of Xcel Energy stock opened at $71.56 on Friday. The stock has a market cap of $39.14 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 3.56 and a beta of 0.34. The firm's 50-day moving average is $74.87 and its 200 day moving average is $71.80. Xcel Energy Inc. has a 1 year low of $61.15 and a 1 year high of $77.66. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.00 and a quick ratio of 0.86.
Xcel Energy (NASDAQ:XEL – Get Rating) last issued its earnings results on Thursday, July 28th. The company reported $0.60 earnings per share for the quarter, hitting analysts' consensus estimates of $0.60. Xcel Energy had a return on equity of 10.45% and a net margin of 11.66%. The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.18 billion. Sell-side analysts anticipate that Xcel Energy Inc. will post 3.17 EPS for the current fiscal year.Xcel Energy Dividend Announcement
The firm 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 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Wednesday, September 14th. Xcel Energy's dividend payout ratio (DPR) is 64.78%.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on XEL. Credit Suisse Group dropped their target price on shares of Xcel Energy to $77.00 in a report on Thursday, June 9th. Morgan Stanley boosted their target price on shares of Xcel Energy from $69.00 to $74.00 and gave the company an "equal weight" rating in a report on Tuesday, August 23rd. Barclays dropped their target price on shares of Xcel Energy from $82.00 to $78.00 and set an "overweight" rating on the stock in a report on Monday, July 18th. Finally, UBS Group dropped their target price on shares of Xcel Energy from $74.00 to $71.00 and set a "neutral" rating on the stock in a report on Thursday, June 30th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $74.40.
About Xcel Energy
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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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