Xcel Energy Inc. (NASDAQ:XEL) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 2.5% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,354,268 shares of the company's stock after purchasing an additional 32,635 shares during the period. Envestnet Asset Management Inc. owned approximately 0.24% of Xcel Energy worth $95,869,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Creative Financial Designs Inc. ADV grew its position in Xcel Energy by 23.2% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 827 shares of the company's stock worth $56,000 after purchasing an additional 156 shares during the period. EverSource Wealth Advisors LLC grew its position in Xcel Energy by 1.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 9,242 shares of the company's stock worth $624,000 after purchasing an additional 160 shares during the period. Conning Inc. grew its position in Xcel Energy by 4.1% during the 1st quarter. Conning Inc. now owns 4,400 shares of the company's stock worth $311,000 after purchasing an additional 172 shares during the period. RWA Wealth Partners LLC grew its position in Xcel Energy by 3.5% during the 4th quarter. RWA Wealth Partners LLC now owns 5,155 shares of the company's stock worth $348,000 after purchasing an additional 176 shares during the period. Finally, Redhawk Wealth Advisors Inc. grew its position in Xcel Energy by 4.3% during the 1st quarter. Redhawk Wealth Advisors Inc. now owns 4,406 shares of the company's stock worth $312,000 after purchasing an additional 182 shares during the period. 78.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on XEL. Wall Street Zen downgraded Xcel Energy from a "hold" rating to a "sell" rating in a research report on Tuesday, May 20th. BMO Capital Markets increased 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. Barclays increased their target price 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. Wells Fargo & Company set a $78.00 target price on shares of Xcel Energy and gave the stock an "overweight" rating in a research note on Friday, April 25th. Finally, UBS Group increased their target price 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 analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Xcel Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $75.80.

Xcel Energy Trading Up 0.9%

Shares of Xcel Energy stock opened at $68.45 on Friday. The firm has a market capitalization of $39.48 billion, a PE ratio of 20.13, a P/E/G ratio of 2.37 and a beta of 0.36. Xcel Energy Inc. has a twelve month low of $52.64 and a twelve month high of $73.38. The firm's 50-day moving average price is $68.90 and its 200 day moving average price is $68.60. 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 issued its quarterly earnings results on Thursday, April 24th. The company reported $0.84 earnings per share 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 analysts' expectations of $3.93 billion. Xcel Energy had a net margin of 14.10% and a return on equity of 10.20%. The company's quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.88 earnings per share. On average, sell-side analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Announces Dividend

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

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.

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