Xcel Energy Inc. (NASDAQ:XEL) Shares Sold by LVW Advisors LLC

LVW Advisors LLC lowered its position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 30.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,694 shares of the company's stock after selling 3,808 shares during the period. LVW Advisors LLC's holdings in Xcel Energy were worth $615,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Rothschild Investment LLC raised its position in Xcel Energy by 26.0% during the fourth quarter. Rothschild Investment LLC now owns 731 shares of the company's stock worth $49,000 after acquiring an additional 151 shares during the period. GenTrust LLC increased its position in shares of Xcel Energy by 4.5% during the fourth quarter. GenTrust LLC now owns 3,602 shares of the company's stock worth $243,000 after purchasing an additional 155 shares in the last quarter. Creative Financial Designs Inc. ADV raised its stake in Xcel Energy by 23.2% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 827 shares of the company's stock valued at $56,000 after purchasing an additional 156 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Xcel Energy by 1.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 9,242 shares of the company's stock valued at $624,000 after purchasing an additional 160 shares in the last quarter. Finally, Personal CFO Solutions LLC lifted its holdings in Xcel Energy by 2.8% in the 4th quarter. Personal CFO Solutions LLC now owns 5,934 shares of the company's stock valued at $401,000 after purchasing an additional 163 shares in the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Trading Down 1.2%

Shares of XEL stock traded down $0.83 during trading hours on Wednesday, hitting $68.50. The company had a trading volume of 2,286,051 shares, compared to its average volume of 3,590,836. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. The stock has a market capitalization of $39.51 billion, a PE ratio of 19.91, a price-to-earnings-growth ratio of 2.62 and a beta of 0.38. The company's fifty day moving average is $69.91 and its 200 day moving average is $68.97. Xcel Energy Inc. has a fifty-two week low of $51.97 and a fifty-two week high of $73.38.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.84 EPS for the quarter, missing analysts' consensus estimates of $0.95 by ($0.11). The firm had revenue of $3.91 billion for 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%. The firm's revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the company earned $0.88 earnings per share. Research analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, July 20th. Stockholders of record on Friday, June 13th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date is Friday, June 13th. Xcel Energy's dividend payout ratio is currently 67.06%.

Analyst Ratings Changes

A number of brokerages have recently commented on XEL. Barclays increased their target price on shares of Xcel Energy from $72.00 to $73.00 and gave the company an "overweight" rating in a research report on Tuesday, April 22nd. Wells Fargo & Company set a $78.00 price objective on Xcel Energy and gave the stock an "overweight" rating in a research report on Friday, April 25th. UBS Group lifted their price target on Xcel Energy from $73.00 to $77.00 and gave the stock a "neutral" rating in a report on Tuesday, April 1st. BMO Capital Markets lifted their target price on shares of 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, Evercore ISI increased their price target on shares of Xcel Energy from $74.00 to $77.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Xcel Energy currently has an average rating of "Moderate Buy" and an average target price of $75.90.

Insider Activity

In related news, Director Devin W. Stockfish bought 2,170 shares of the stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average price of $68.93 per share, for a total transaction of $149,578.10. Following the acquisition, the director now owns 3,007 shares in the company, valued at approximately $207,272.51. This represents a 259.26% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.09% of the company's stock.

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.