Allworth Financial LP Sells 8,993 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Allworth Financial LP trimmed its position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 3.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 238,567 shares of the company's stock after selling 8,993 shares during the quarter. Allworth Financial LP's holdings in Xcel Energy were worth $16,769,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in XEL. Creative Financial Designs Inc. ADV raised its holdings in Xcel Energy by 23.2% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 827 shares of the company's stock worth $56,000 after purchasing an additional 156 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Xcel Energy by 1.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 9,242 shares of the company's stock worth $624,000 after buying an additional 160 shares during the last quarter. Conning Inc. lifted its holdings in Xcel Energy by 4.1% in the first quarter. Conning Inc. now owns 4,400 shares of the company's stock valued at $311,000 after buying an additional 172 shares during the period. RWA Wealth Partners LLC lifted its holdings in Xcel Energy by 3.5% in the fourth quarter. RWA Wealth Partners LLC now owns 5,155 shares of the company's stock valued at $348,000 after buying an additional 176 shares during the period. Finally, Redhawk Wealth Advisors Inc. boosted its position in Xcel Energy by 4.3% during the first quarter. Redhawk Wealth Advisors Inc. now owns 4,406 shares of the company's stock valued at $312,000 after acquiring an additional 182 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Stock Up 0.2%

Shares of NASDAQ:XEL traded up $0.17 during mid-day trading on Friday, hitting $68.62. 2,386,026 shares of the company traded hands, compared to its average volume of 3,598,777. The stock has a 50-day moving average price of $68.90 and a two-hundred day moving average price of $68.60. Xcel Energy Inc. has a 12-month low of $52.97 and a 12-month high of $73.38. The stock has a market cap of $39.58 billion, a P/E ratio of 19.90, a P/E/G ratio of 2.39 and a beta of 0.36. The company has a current ratio of 0.80, a quick ratio of 0.70 and a debt-to-equity ratio of 1.48.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.95 by ($0.11). Xcel Energy had a return on equity of 10.20% and a net margin of 14.10%. The firm had revenue of $3.91 billion for the quarter, compared to analysts' expectations of $3.93 billion. During the same period in the prior year, the firm earned $0.88 earnings per share. Xcel Energy's revenue was up 7.0% compared to the same quarter last year. On average, equities research 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 announced a quarterly dividend, which will be paid on Sunday, July 20th. Shareholders of record on Friday, June 13th will be given a dividend of $0.57 per share. The ex-dividend date is Friday, June 13th. This represents a $2.28 annualized dividend and a dividend yield of 3.32%. Xcel Energy's dividend payout ratio is currently 67.06%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on XEL. Evercore ISI increased their price target on Xcel Energy from $74.00 to $77.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. BMO Capital Markets upped their price objective on shares of Xcel Energy from $69.00 to $73.00 and gave the company a "market perform" rating in a report on Wednesday, April 23rd. Wells Fargo & Company set a $78.00 target price on Xcel Energy and gave the company an "overweight" rating in a research note on Friday, April 25th. Wall Street Zen lowered Xcel Energy from a "hold" rating to a "sell" rating in a research report on Tuesday, May 20th. Finally, Barclays increased their price target on Xcel Energy from $72.00 to $73.00 and gave the stock an "overweight" rating in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $75.80.

About Xcel Energy

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.