Sequoia Financial Advisors LLC Boosts Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

Sequoia Financial Advisors LLC boosted its holdings in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 28.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,448 shares of the company's stock after buying an additional 5,883 shares during the period. Sequoia Financial Advisors LLC's holdings in Xcel Energy were worth $1,872,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of XEL. Brighton Jones LLC purchased a new position in Xcel Energy in the 4th quarter worth approximately $240,000. Oppenheimer Asset Management Inc. increased its holdings in shares of Xcel Energy by 7.3% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 22,003 shares of the company's stock valued at $1,486,000 after purchasing an additional 1,500 shares during the period. Oppenheimer & Co. Inc. grew its holdings in Xcel Energy by 12.9% during the fourth quarter. Oppenheimer & Co. Inc. now owns 31,975 shares of the company's stock worth $2,159,000 after acquiring an additional 3,647 shares during the period. Proficio Capital Partners LLC acquired a new position in Xcel Energy during the fourth quarter worth about $5,831,000. Finally, Private Trust Co. NA boosted its position in shares of Xcel Energy by 5.1% in the 4th quarter. Private Trust Co. NA now owns 4,788 shares of the company's stock valued at $323,000 after purchasing an additional 233 shares during the period. Hedge funds and other institutional investors own 78.38% of the company's stock.

Wall Street Analyst Weigh In

XEL has been the subject of a number of research reports. UBS Group raised their price objective on Xcel Energy from $73.00 to $77.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 1st. Evercore ISI lifted their price target on Xcel Energy from $74.00 to $77.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. BMO Capital Markets boosted their price objective on Xcel Energy from $69.00 to $73.00 and gave the company a "market perform" rating in a research report on Wednesday, April 23rd. Barclays boosted their price target on Xcel Energy from $72.00 to $73.00 and gave the company an "overweight" rating in a research note on Tuesday, April 22nd. Finally, Wall Street Zen downgraded Xcel Energy from a "hold" rating to a "sell" rating in a research report on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $75.80.

Xcel Energy Stock Up 0.0%

Shares of XEL opened at $67.78 on Monday. The company has a market capitalization of $39.09 billion, a PE ratio of 19.94, a PEG ratio of 2.37 and a beta of 0.37. Xcel Energy Inc. has a 12 month low of $51.97 and a 12 month high of $73.38. The stock's 50-day moving average price is $69.30 and its two-hundred day moving average price is $68.58. The company has a current ratio of 0.80, a quick ratio of 0.70 and a debt-to-equity ratio of 1.48.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted 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 the consensus estimate of $3.93 billion. During the same period last year, the business posted $0.88 earnings per share. The business's revenue was up 7.0% on a year-over-year basis. On average, analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, July 20th. Stockholders of record on Friday, June 13th will be paid a $0.57 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.36%. Xcel Energy's payout ratio is presently 67.06%.

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.

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