Nisa Investment Advisors LLC increased its position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 9.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,516 shares of the company's stock after purchasing an additional 5,497 shares during the period. Nisa Investment Advisors LLC's holdings in Xcel Energy were worth $4,390,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of XEL. Creative Financial Designs Inc. ADV lifted its stake in Xcel Energy by 23.2% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 827 shares of the company's stock valued at $56,000 after acquiring an additional 156 shares during the period. Conning Inc. lifted its stake in Xcel Energy by 4.1% during the 1st quarter. Conning Inc. now owns 4,400 shares of the company's stock valued at $311,000 after acquiring an additional 172 shares during the period. RWA Wealth Partners LLC lifted its stake in Xcel Energy by 3.5% during the 4th quarter. RWA Wealth Partners LLC now owns 5,155 shares of the company's stock valued at $348,000 after acquiring an additional 176 shares during the period. Redhawk Wealth Advisors Inc. lifted its stake in Xcel Energy by 4.3% during the 1st quarter. Redhawk Wealth Advisors Inc. now owns 4,406 shares of the company's stock valued at $312,000 after acquiring an additional 182 shares during the period. Finally, Benjamin Edwards Inc. lifted its stake in Xcel Energy by 1.1% during the 4th quarter. Benjamin Edwards Inc. now owns 16,605 shares of the company's stock valued at $1,121,000 after acquiring an additional 183 shares during the period. Institutional investors own 78.38% of the company's stock.
Xcel Energy Stock Performance
Xcel Energy stock traded up $0.17 during midday trading on Friday, hitting $68.62. The stock had a trading volume of 2,386,026 shares, compared to its average volume of 3,603,776. The firm's fifty day moving average is $68.86 and its two-hundred day moving average is $68.61. The company has a market capitalization of $39.58 billion, a PE ratio of 20.18, a P/E/G ratio of 2.40 and a beta of 0.36. Xcel Energy Inc. has a 52-week low of $52.97 and a 52-week high of $73.38. 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 released 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). The firm had revenue of $3.91 billion during the quarter, compared to analysts' expectations of $3.93 billion. Xcel Energy had a return on equity of 10.20% and a net margin of 14.10%. The company's revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.88 earnings per share. On average, research analysts forecast that Xcel Energy Inc. will post 3.82 EPS for the current year.
Xcel Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, July 20th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Friday, June 13th. Xcel Energy's dividend payout ratio (DPR) is currently 67.06%.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on XEL shares. Wall Street Zen cut shares of Xcel Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, May 20th. Wells Fargo & Company set a $78.00 price objective on shares of Xcel Energy and gave the stock an "overweight" rating in a research note on Friday, April 25th. Evercore ISI increased their price objective on shares of Xcel Energy from $74.00 to $77.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Barclays increased their price objective on shares of Xcel Energy from $72.00 to $73.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 22nd. Finally, Morgan Stanley lowered their price objective on shares of Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $75.80.
View Our Latest Research Report on Xcel Energy
Xcel Energy Company Profile
(
Free Report)
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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