4,652 Shares in Xcel Energy Inc. (NASDAQ:XEL) Purchased by Financial Gravity Asset Management Inc.

Financial Gravity Asset Management Inc. 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 SEC. The institutional investor purchased 4,652 shares of the company's stock, valued at approximately $329,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Xcel Energy by 18.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 472,344 shares of the company's stock valued at $33,437,000 after acquiring an additional 73,036 shares during the last quarter. Pinnacle Financial Partners Inc bought a new stake in shares of Xcel Energy during the first quarter valued at approximately $267,000. Sequoia Financial Advisors LLC increased its holdings in Xcel Energy by 28.6% during the first quarter. Sequoia Financial Advisors LLC now owns 26,448 shares of the company's stock valued at $1,872,000 after buying an additional 5,883 shares during the period. Miller Howard Investments Inc. NY purchased a new position in Xcel Energy during the first quarter valued at approximately $2,206,000. Finally, UniSuper Management Pty Ltd increased its holdings in Xcel Energy by 22.3% during the fourth quarter. UniSuper Management Pty Ltd now owns 49,882 shares of the company's stock valued at $3,368,000 after buying an additional 9,110 shares during the period. 78.38% of the stock is owned by institutional investors.

Xcel Energy Stock Performance

Shares of XEL traded up $0.61 during trading hours on Thursday, reaching $68.45. 2,542,253 shares of the company traded hands, compared to its average volume of 3,603,342. The stock has a market capitalization of $39.48 billion, a P/E ratio of 19.72, a P/E/G ratio of 2.37 and a beta of 0.36. The business has a fifty day moving average price of $68.94 and a 200-day moving average price of $68.60. Xcel Energy Inc. has a 12-month low of $52.64 and a 12-month high of $73.38. 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 posted 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). The business had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.93 billion. Xcel Energy had a net margin of 14.10% and a return on equity of 10.20%. The company's revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.88 earnings per share. Equities analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Dividend Announcement

The company 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 $0.57 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.33%. Xcel Energy's dividend payout ratio (DPR) is currently 67.06%.

Analyst Ratings Changes

Several brokerages recently issued reports on XEL. Wall Street Zen lowered shares of Xcel Energy from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. Wells Fargo & Company set a $78.00 price target on shares of Xcel Energy and gave the stock an "overweight" rating in a report on Friday, April 25th. BMO Capital Markets lifted 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. Barclays lifted 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, UBS Group lifted their price target on shares of Xcel Energy from $73.00 to $77.00 and gave the stock a "neutral" rating in a report on Tuesday, April 1st. One equities 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 stock. According to data from MarketBeat.com, Xcel Energy presently has an average rating of "Moderate Buy" and a consensus target price of $75.80.

Xcel Energy Company 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.