Mather Group LLC. Has $586,000 Position in Xcel Energy Inc. (NASDAQ:XEL)

Mather Group LLC. boosted its stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 143.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,284 shares of the company's stock after buying an additional 4,876 shares during the quarter. Mather Group LLC.'s holdings in Xcel Energy were worth $586,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Fairway Wealth LLC acquired a new stake in shares of Xcel Energy during the 4th quarter worth about $27,000. Alpine Bank Wealth Management purchased a new position in Xcel Energy in the first quarter valued at approximately $53,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Xcel Energy in the 4th quarter valued at about $52,000. Creative Financial Designs Inc. ADV lifted its stake in Xcel Energy by 23.2% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 827 shares of the company's stock valued at $56,000 after buying an additional 156 shares during the last quarter. Finally, Heritage Wealth Advisors lifted its position in Xcel Energy by 160.0% during the 4th quarter. Heritage Wealth Advisors now owns 1,040 shares of the company's stock worth $70,000 after acquiring an additional 640 shares during the period. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Price Performance

XEL traded up $0.70 during trading on Friday, reaching $68.26. The stock had a trading volume of 2,236,072 shares, compared to its average volume of 3,608,563. The company has a quick ratio of 0.70, a current ratio of 0.80 and a debt-to-equity ratio of 1.48. The stock has a 50 day moving average of $69.09 and a two-hundred day moving average of $68.59. Xcel Energy Inc. has a 1-year low of $51.97 and a 1-year high of $73.38. The firm has a market capitalization of $39.37 billion, a price-to-earnings ratio of 19.82, a price-to-earnings-growth ratio of 2.38 and a beta of 0.36.

Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.11). Xcel Energy had a net margin of 14.10% and a return on equity of 10.20%. The firm had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.93 billion. During the same period last year, the firm earned $0.88 earnings per share. Xcel Energy's revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, equities analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, July 20th. Stockholders of record on Friday, June 13th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend is Friday, June 13th. Xcel Energy's dividend payout ratio is currently 67.06%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on XEL. Evercore ISI increased their target price on Xcel Energy from $74.00 to $77.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Wall Street Zen cut Xcel Energy from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. BMO Capital Markets boosted their target price on Xcel Energy from $69.00 to $73.00 and gave the stock a "market perform" rating in a report on Wednesday, April 23rd. Morgan Stanley reduced their target price on shares of Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 18th. Finally, UBS Group lifted their price target on shares of Xcel Energy from $73.00 to $77.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently 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.