My Legacy Advisors LLC Invests $291,000 in Xcel Energy Inc. (NASDAQ:XEL)

My Legacy Advisors LLC bought a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 4,113 shares of the company's stock, valued at approximately $291,000.

Several other hedge funds have also made changes to their positions in XEL. Brighton Jones LLC acquired a new position in Xcel Energy in the fourth quarter worth about $240,000. Stratos Wealth Partners LTD. boosted its stake in Xcel Energy by 14.2% in the fourth quarter. Stratos Wealth Partners LTD. now owns 6,445 shares of the company's stock valued at $435,000 after acquiring an additional 801 shares during the period. Empowered Funds LLC boosted its stake in Xcel Energy by 11.2% in the fourth quarter. Empowered Funds LLC now owns 10,568 shares of the company's stock valued at $714,000 after acquiring an additional 1,064 shares during the period. Kestra Private Wealth Services LLC boosted its stake in Xcel Energy by 12.5% in the fourth quarter. Kestra Private Wealth Services LLC now owns 9,362 shares of the company's stock valued at $632,000 after acquiring an additional 1,040 shares during the period. Finally, Savant Capital LLC boosted its stake in Xcel Energy by 0.6% in the fourth quarter. Savant Capital LLC now owns 31,047 shares of the company's stock valued at $2,096,000 after acquiring an additional 199 shares during the period. Institutional investors and hedge funds own 78.38% of the company's stock.

Xcel Energy Stock Down 2.1%

NASDAQ:XEL traded down $1.45 during trading hours on Friday, hitting $67.62. 2,859,628 shares of the stock traded hands, compared to its average volume of 3,571,790. The firm has a 50 day moving average price of $69.74 and a 200 day moving average price of $68.85. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. Xcel Energy Inc. has a fifty-two week low of $51.97 and a fifty-two week high of $73.38. The firm has a market cap of $39.00 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 2.62 and a beta of 0.37.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its quarterly 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 net margin of 14.40% and a return on equity of 10.65%. The company had revenue of $3.91 billion for the quarter, compared to analysts' expectations of $3.93 billion. During the same quarter in the prior year, the firm earned $0.88 earnings per share. The company's revenue was up 7.0% on a year-over-year basis. Equities research analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Announces Dividend

The firm also recently announced 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. This represents a $2.28 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend is Friday, June 13th. Xcel Energy's payout ratio is 67.06%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on XEL. Morgan Stanley set a $78.00 price objective on Xcel Energy and gave the stock an "equal weight" rating in a research report on Thursday, May 22nd. Wall Street Zen downgraded Xcel Energy from a "hold" rating to a "sell" rating in a research report on Tuesday, May 20th. Barclays boosted their target price on Xcel Energy from $72.00 to $73.00 and gave the stock an "overweight" rating in a report on Tuesday, April 22nd. Evercore ISI boosted their target price on Xcel Energy from $74.00 to $77.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. Finally, 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. 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $75.90.

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.