Alpha Cubed Investments LLC purchased a new position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,895 shares of the company's stock, valued at approximately $276,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC purchased a new position in Xcel Energy in the 4th quarter worth about $240,000. SBI Securities Co. Ltd. bought a new stake in shares of Xcel Energy in the 4th quarter valued at approximately $76,000. Steward Partners Investment Advisory LLC lifted its holdings in Xcel Energy by 8.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 16,778 shares of the company's stock worth $1,133,000 after purchasing an additional 1,329 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Xcel Energy in the 4th quarter worth approximately $5,831,000. Finally, Raymond James Financial Inc. acquired a new stake in Xcel Energy in the 4th quarter worth approximately $83,653,000. 78.38% of the stock is currently owned by institutional investors.
Xcel Energy Price Performance
NASDAQ:XEL traded up $0.28 during trading hours on Wednesday, reaching $67.84. The company had a trading volume of 2,121,003 shares, compared to its average volume of 3,601,689. The stock has a 50-day moving average of $69.00 and a two-hundred day moving average of $68.60. Xcel Energy Inc. has a one year low of $52.09 and a one year high of $73.38. The firm has a market capitalization of $39.13 billion, a PE ratio of 19.95, a PEG ratio of 2.36 and a beta of 0.36. The company has a quick ratio of 0.70, a current ratio of 0.80 and a debt-to-equity ratio of 1.48.
Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $0.84 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.11). The business 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 revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.88 EPS. Analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current year.
Xcel Energy Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Sunday, July 20th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend is Friday, June 13th. Xcel Energy's dividend payout ratio (DPR) is presently 67.06%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on XEL shares. BMO Capital Markets upped their price target on Xcel Energy from $69.00 to $73.00 and gave the stock a "market perform" rating in a report on Wednesday, April 23rd. Wall Street Zen lowered Xcel Energy from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. Morgan Stanley cut their price target on Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. Evercore ISI boosted their price objective on Xcel Energy from $74.00 to $77.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. Finally, UBS Group boosted their price objective on Xcel Energy from $73.00 to $77.00 and gave the company a "neutral" rating in a research report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Xcel Energy currently has an average rating of "Moderate Buy" and an average target price of $75.80.
Read Our Latest Analysis on Xcel Energy
About Xcel Energy
(
Free Report)
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.
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