Alpha Cubed Investments LLC Acquires New Holdings in Xcel Energy Inc. (NASDAQ:XEL)

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

Other large investors have also bought and sold shares of the company. Bank of America Corp DE raised its holdings in Xcel Energy by 43.6% in the fourth quarter. Bank of America Corp DE now owns 20,762,745 shares of the company's stock worth $1,401,901,000 after purchasing an additional 6,306,380 shares during the period. FMR LLC increased its stake in Xcel Energy by 118.3% in the 4th quarter. FMR LLC now owns 6,608,044 shares of the company's stock valued at $446,175,000 after buying an additional 3,581,436 shares during the last quarter. Zimmer Partners LP increased its stake in Xcel Energy by 1,625.7% in the 4th quarter. Zimmer Partners LP now owns 3,667,200 shares of the company's stock valued at $247,609,000 after buying an additional 3,454,700 shares during the last quarter. Pictet Asset Management Holding SA increased its stake in Xcel Energy by 236.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,878,279 shares of the company's stock valued at $329,381,000 after buying an additional 3,429,353 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in Xcel Energy by 379.3% in the 4th quarter. Janus Henderson Group PLC now owns 4,022,085 shares of the company's stock valued at $271,578,000 after buying an additional 3,182,939 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on XEL shares. Evercore ISI boosted their price objective on shares of Xcel Energy from $74.00 to $77.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. UBS Group boosted their price objective on shares of Xcel Energy from $73.00 to $77.00 and gave the company a "neutral" rating in a report on Tuesday, April 1st. Morgan Stanley cut their price objective on shares of Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. Barclays upped their price target on shares of Xcel Energy from $72.00 to $73.00 and gave the stock an "overweight" rating in a report on Tuesday, April 22nd. Finally, BMO Capital Markets upped their price target on shares of Xcel Energy from $69.00 to $73.00 and gave the stock a "market perform" rating in a report on Wednesday, April 23rd. 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 company. According to MarketBeat, Xcel Energy has an average rating of "Moderate Buy" and a consensus price target of $75.80.

Xcel Energy Trading Up 0.2%

Shares of XEL traded up $0.17 during trading hours on Friday, hitting $68.62. 2,386,026 shares of the stock were exchanged, compared to its average volume of 3,598,777. Xcel Energy Inc. has a fifty-two week low of $52.97 and a fifty-two week high of $73.38. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.80 and a quick ratio of 0.70. The business has a 50-day moving average of $68.86 and a 200-day moving average of $68.61. The firm has a market capitalization of $39.58 billion, a P/E ratio of 20.18, a price-to-earnings-growth ratio of 2.39 and a beta of 0.36.

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

Xcel Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, July 20th. Investors 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 yield of 3.32%. The ex-dividend date is Friday, June 13th. Xcel Energy's dividend payout ratio is presently 67.06%.

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.