Good Steward Wealth Advisors LLC Makes New $471,000 Investment in Xcel Energy Inc. (NASDAQ:XEL)

Good Steward Wealth Advisors LLC bought a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 6,657 shares of the company's stock, valued at approximately $471,000.

Several other institutional investors and hedge funds have also modified their holdings of XEL. Jones Financial Companies Lllp raised its holdings in shares of Xcel Energy by 35.8% during the fourth quarter. Jones Financial Companies Lllp now owns 14,825 shares of the company's stock worth $1,001,000 after acquiring an additional 3,905 shares in the last quarter. Edge Capital Group LLC acquired a new position in Xcel Energy in the 4th quarter worth about $14,067,000. UniSuper Management Pty Ltd raised its stake in shares of Xcel Energy by 22.3% during the 4th quarter. UniSuper Management Pty Ltd now owns 49,882 shares of the company's stock worth $3,368,000 after purchasing an additional 9,110 shares in the last quarter. Ethic Inc. lifted its holdings in shares of Xcel Energy by 55.0% during the 4th quarter. Ethic Inc. now owns 23,030 shares of the company's stock valued at $1,555,000 after buying an additional 8,168 shares during the last quarter. Finally, Bank of Nova Scotia grew its stake in shares of Xcel Energy by 191.3% in the 4th quarter. Bank of Nova Scotia now owns 228,242 shares of the company's stock valued at $15,411,000 after buying an additional 149,898 shares in the last quarter. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on XEL. Wall Street Zen lowered shares of Xcel Energy from a "hold" rating to a "sell" rating in a research report on Tuesday, May 20th. UBS Group raised their price target 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. BMO Capital Markets upped their price objective 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. Morgan Stanley lowered their target price on shares of Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Finally, Wells Fargo & Company set a $78.00 price target on Xcel Energy and gave the stock an "overweight" rating in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $75.80.

Xcel Energy Stock Performance

Shares of XEL opened at $66.28 on Friday. The company has a market capitalization of $38.23 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 2.31 and a beta of 0.37. 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 Inc. has a one year low of $51.97 and a one year high of $73.38. The company's fifty day moving average price is $69.59 and its 200 day moving average price is $68.68.

Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.11). The business had revenue of $3.91 billion during 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% compared to the same quarter last year. During the same period in the prior year, the business posted $0.88 earnings per share. As a group, analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, July 20th. Stockholders of record on Friday, June 13th will be issued 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 dividend yield of 3.44%. Xcel Energy's dividend payout ratio (DPR) is presently 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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