Waverly Advisors LLC Has $547,000 Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Waverly Advisors LLC lifted its stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 83.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,096 shares of the company's stock after buying an additional 3,691 shares during the period. Waverly Advisors LLC's holdings in Xcel Energy were worth $547,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Woodline Partners LP bought a new stake in shares of Xcel Energy during the 4th quarter worth approximately $2,328,000. Zimmer Partners LP lifted its stake in Xcel Energy by 1,625.7% during the fourth quarter. Zimmer Partners LP now owns 3,667,200 shares of the company's stock worth $247,609,000 after purchasing an additional 3,454,700 shares during the last quarter. iSAM Funds UK Ltd acquired a new stake in shares of Xcel Energy in the 4th quarter valued at $300,000. Vennlight Capital Management LP acquired a new position in shares of Xcel Energy during the 4th quarter worth $10,331,000. Finally, Vident Advisory LLC lifted its position in shares of Xcel Energy by 7.5% during the 4th quarter. Vident Advisory LLC now owns 14,673 shares of the company's stock worth $991,000 after buying an additional 1,018 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company's stock.

Xcel Energy Trading Up 0.8%

Shares of NASDAQ XEL traded up $0.54 during trading on Thursday, reaching $69.47. The company had a trading volume of 2,018,983 shares, compared to its average volume of 3,625,033. The stock has a market cap of $40.07 billion, a P/E ratio of 20.19, a PEG ratio of 2.62 and a beta of 0.38. The company's fifty day moving average price is $69.83 and its 200-day moving average price is $68.94. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. Xcel Energy Inc. has a 12 month low of $51.97 and a 12 month high of $73.38.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.84 EPS for the quarter, missing analysts' consensus estimates of $0.95 by ($0.11). The company had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.93 billion. Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. Xcel Energy's revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.88 earnings per share. As a group, research analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.28 dividend on an annualized basis and a yield of 3.28%. Xcel Energy's payout ratio is currently 67.06%.

Wall Street Analyst Weigh In

Several research analysts have commented on XEL shares. UBS Group boosted their target price on Xcel Energy from $73.00 to $77.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 1st. Morgan Stanley set a $78.00 price objective on shares of Xcel Energy and gave the company an "equal weight" rating in a research note on Thursday, May 22nd. Evercore ISI raised their target price on shares of Xcel Energy from $74.00 to $77.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. Wall Street Zen downgraded shares of Xcel Energy from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. Finally, Barclays raised their price objective on Xcel Energy from $72.00 to $73.00 and gave the company an "overweight" rating in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $75.90.

Insiders Place Their Bets

In related news, Director Devin W. Stockfish acquired 2,170 shares of the stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of $68.93 per share, for a total transaction of $149,578.10. Following the purchase, the director now directly owns 3,007 shares of the company's stock, valued at $207,272.51. The trade was a 259.26% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.09% of the company's stock.

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.