Envestnet Portfolio Solutions Inc. Sells 13,275 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Envestnet Portfolio Solutions Inc. reduced its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 22.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,596 shares of the company's stock after selling 13,275 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Xcel Energy were worth $3,228,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in XEL. State of Alaska Department of Revenue grew its holdings in shares of Xcel Energy by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 67,275 shares of the company's stock valued at $4,762,000 after buying an additional 1,795 shares during the last quarter. CWA Asset Management Group LLC raised its holdings in Xcel Energy by 17.2% in the 1st quarter. CWA Asset Management Group LLC now owns 12,576 shares of the company's stock worth $890,000 after acquiring an additional 1,850 shares during the last quarter. QRG Capital Management Inc. lifted its position in Xcel Energy by 7.6% in the 1st quarter. QRG Capital Management Inc. now owns 39,046 shares of the company's stock valued at $2,764,000 after acquiring an additional 2,773 shares in the last quarter. Sagespring Wealth Partners LLC boosted its stake in Xcel Energy by 15.6% during the 1st quarter. Sagespring Wealth Partners LLC now owns 5,242 shares of the company's stock valued at $371,000 after purchasing an additional 709 shares during the last quarter. Finally, Sowell Financial Services LLC purchased a new stake in Xcel Energy during the 1st quarter valued at $353,000. 78.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on XEL. Wall Street Zen cut shares of Xcel Energy from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. BMO Capital Markets lifted their target price on shares of Xcel Energy from $69.00 to $73.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 23rd. UBS Group boosted their target price on shares of Xcel Energy from $73.00 to $77.00 and gave the company a "neutral" rating in a research note on Tuesday, April 1st. Evercore ISI raised their price target on Xcel Energy from $74.00 to $77.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Finally, Barclays lifted their price objective on Xcel Energy from $72.00 to $73.00 and gave the stock an "overweight" rating in a report on Tuesday, April 22nd. 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. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $75.80.

Xcel Energy Trading Up 0.5%

XEL opened at $66.64 on Monday. The firm has a market capitalization of $38.44 billion, a price-to-earnings ratio of 19.60, a price-to-earnings-growth ratio of 2.33 and a beta of 0.37. The company's 50 day simple moving average is $69.53 and its two-hundred day simple moving average is $68.62. Xcel Energy Inc. has a 1-year low of $51.97 and a 1-year 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.

Xcel Energy (NASDAQ:XEL - Get Free Report) last issued 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). Xcel Energy had a return on equity of 10.20% and a net margin of 14.10%. The business had revenue of $3.91 billion during the quarter, compared to analysts' expectations of $3.93 billion. During the same quarter in the previous year, the company posted $0.88 earnings per share. The company's revenue was up 7.0% on a year-over-year basis. Analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, July 20th. Stockholders of record on Friday, June 13th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.28 annualized dividend and a dividend yield of 3.42%. Xcel Energy's dividend payout ratio is currently 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.

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