Capital Management Associates Inc Has $963,000 Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Capital Management Associates Inc grew its holdings in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 130.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,602 shares of the company's stock after buying an additional 7,703 shares during the quarter. Capital Management Associates Inc's holdings in Xcel Energy were worth $963,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Fairway Wealth LLC bought a new position in Xcel Energy in the fourth quarter valued at approximately $27,000. Rossby Financial LCC bought a new position in shares of Xcel Energy in the 1st quarter worth $50,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Xcel Energy during the fourth quarter worth $52,000. Alpine Bank Wealth Management acquired a new stake in shares of Xcel Energy during the first quarter worth $53,000. Finally, Creative Financial Designs Inc. ADV increased its holdings in Xcel Energy by 23.2% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 827 shares of the company's stock valued at $56,000 after purchasing an additional 156 shares during the last quarter. 78.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on XEL. Evercore ISI upped their target price on shares of Xcel Energy from $74.00 to $77.00 and gave the company an "outperform" rating in a research note 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 research report on Wednesday, April 23rd. Wells Fargo & Company set a $78.00 target price on Xcel Energy and gave the stock an "overweight" rating in a report on Friday, April 25th. Barclays boosted their target price on Xcel Energy from $72.00 to $73.00 and gave the company an "overweight" rating in a research note on Tuesday, April 22nd. Finally, Wall Street Zen cut Xcel Energy from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $75.80.

Xcel Energy Stock Up 1.0%

Xcel Energy stock opened at $68.26 on Monday. 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 Inc. has a 1-year low of $51.97 and a 1-year high of $73.38. The company has a fifty day simple moving average of $69.09 and a 200 day simple moving average of $68.61. The company has a market cap of $39.37 billion, a P/E ratio of 20.08, a price-to-earnings-growth ratio of 2.38 and a beta of 0.36.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its 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). Xcel Energy had a net margin of 14.10% and a return on equity of 10.20%. The company had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.93 billion. During the same period in the prior year, the firm posted $0.88 EPS. Xcel Energy's revenue was up 7.0% compared to the same quarter last year. Research analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 3.34%. Xcel Energy's dividend payout ratio (DPR) is 67.06%.

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.

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