J.W. Cole Advisors Inc. Buys Shares of 12,788 Xcel Energy Inc. (NASDAQ:XEL)

J.W. Cole Advisors Inc. bought a new stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,788 shares of the company's stock, valued at approximately $905,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC purchased a new stake in shares of Xcel Energy during the fourth quarter worth about $240,000. Fox Run Management L.L.C. purchased a new stake in shares of Xcel Energy during the fourth quarter worth about $306,000. Congress Wealth Management LLC DE grew its position in shares of Xcel Energy by 13.6% during the fourth quarter. Congress Wealth Management LLC DE now owns 19,643 shares of the company's stock worth $1,326,000 after purchasing an additional 2,346 shares in the last quarter. Modern Wealth Management LLC grew its position in shares of Xcel Energy by 5.5% during the fourth quarter. Modern Wealth Management LLC now owns 8,277 shares of the company's stock worth $554,000 after purchasing an additional 428 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its holdings in Xcel Energy by 1.0% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 21,043 shares of the company's stock valued at $1,421,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company's stock.

Xcel Energy Trading Down 0.2%

Shares of NASDAQ XEL traded down $0.12 during trading on Friday, reaching $72.66. The stock had a trading volume of 2,760,039 shares, compared to its average volume of 2,711,788. Xcel Energy Inc. has a fifty-two week low of $56.69 and a fifty-two week high of $73.56. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.70 and a current ratio of 0.80. The business's 50-day moving average price is $68.99 and its 200-day moving average price is $68.87. The company has a market cap of $41.91 billion, a P/E ratio of 21.37, a PEG ratio of 2.45 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 EPS 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 company had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.93 billion. During the same period in the previous year, the firm earned $0.88 earnings per share. The company's revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities research analysts predict 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 was paid on Sunday, July 20th. Stockholders of record on Friday, June 13th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.28 annualized dividend and a dividend yield of 3.14%. Xcel Energy's dividend payout ratio is currently 67.06%.

Wall Street Analyst Weigh In

XEL has been the subject of several analyst reports. Wells Fargo & Company set a $78.00 price objective on Xcel Energy and gave the company an "overweight" rating in a research note on Friday, April 25th. Barclays raised their price target on Xcel Energy from $72.00 to $73.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 22nd. 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. BMO Capital Markets raised their price target on Xcel Energy from $69.00 to $73.00 and gave the stock a "market perform" rating in a research note on Wednesday, April 23rd. Finally, Morgan Stanley decreased their price target on Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.