Alpha Cubed Investments LLC Takes Position in Xcel Energy Inc. (NASDAQ:XEL)

Alpha Cubed Investments LLC purchased a new stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,895 shares of the company's stock, valued at approximately $276,000.

Other institutional investors have also recently made changes to their positions in the company. Capital Management Associates Inc raised its position in Xcel Energy by 130.6% during the first quarter. Capital Management Associates Inc now owns 13,602 shares of the company's stock valued at $963,000 after purchasing an additional 7,703 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in Xcel Energy by 1.2% in the first quarter. Crossmark Global Holdings Inc. now owns 34,371 shares of the company's stock worth $2,433,000 after acquiring an additional 396 shares during the period. TD Private Client Wealth LLC boosted its stake in shares of Xcel Energy by 3.9% during the 1st quarter. TD Private Client Wealth LLC now owns 53,336 shares of the company's stock valued at $3,776,000 after purchasing an additional 2,022 shares in the last quarter. OLD Republic International Corp grew its holdings in shares of Xcel Energy by 1.3% during the 1st quarter. OLD Republic International Corp now owns 522,200 shares of the company's stock worth $36,967,000 after acquiring an additional 6,600 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in Xcel Energy by 2.5% in the first quarter. Envestnet Asset Management Inc. now owns 1,354,268 shares of the company's stock worth $95,869,000 after purchasing an additional 32,635 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company's stock.

Xcel Energy Trading Up 0.8%

Shares of XEL traded up $0.55 during trading hours on Thursday, reaching $68.39. 1,238,626 shares of the company traded hands, compared to its average volume of 3,592,463. The company has a current ratio of 0.80, a quick ratio of 0.70 and a debt-to-equity ratio of 1.48. The firm has a market cap of $39.44 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 2.36 and a beta of 0.36. The stock's fifty day moving average price is $68.94 and its 200 day moving average price is $68.60. Xcel Energy Inc. has a 12-month low of $52.09 and a 12-month high of $73.38.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.95 by ($0.11). The firm had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a return on equity of 10.20% and a net margin of 14.10%. Xcel Energy's quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.88 EPS. Sell-side analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, July 20th. Shareholders of record on Friday, June 13th will be paid a $0.57 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.28 annualized dividend and a yield of 3.33%. Xcel Energy's dividend payout ratio (DPR) is presently 67.06%.

Analyst Ratings Changes

XEL has been the topic of a number of recent research reports. Barclays increased their target price on Xcel Energy from $72.00 to $73.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 22nd. Wells Fargo & Company set a $78.00 price target on Xcel Energy and gave the company an "overweight" rating in a report on Friday, April 25th. Wall Street Zen downgraded shares of Xcel Energy from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. Morgan Stanley reduced their price target on Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. Finally, BMO Capital Markets upped their price objective on Xcel Energy from $69.00 to $73.00 and gave the stock a "market perform" rating in a research note on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, Xcel Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $75.80.

Xcel Energy Profile

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.