Farther Finance Advisors LLC increased its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 111.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,140 shares of the company's stock after acquiring an additional 5,883 shares during the quarter. Farther Finance Advisors LLC's holdings in Xcel Energy were worth $788,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sierra Ocean LLC acquired a new position in Xcel Energy in the fourth quarter valued at $26,000. Fairway Wealth LLC acquired a new position in Xcel Energy in the fourth quarter valued at $27,000. Rothschild Investment LLC increased its stake in Xcel Energy by 26.0% in the fourth quarter. Rothschild Investment LLC now owns 731 shares of the company's stock valued at $49,000 after purchasing an additional 151 shares during the period. Itau Unibanco Holding S.A. acquired a new position in Xcel Energy in the fourth quarter valued at $52,000. Finally, Creative Financial Designs Inc. ADV increased 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 purchasing an additional 156 shares during the period. 78.38% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have commented on the stock. Barclays lifted their price objective on shares of Xcel Energy from $72.00 to $73.00 and gave the company an "overweight" rating in a research note on Tuesday, April 22nd. 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. BMO Capital Markets lifted their target price on shares of Xcel Energy from $69.00 to $73.00 and gave the company a "market perform" rating in a report on Wednesday, April 23rd. Evercore ISI lifted their target price on shares of Xcel Energy from $74.00 to $77.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Finally, Wells Fargo & Company set a $78.00 target price on shares of Xcel Energy and gave the company an "overweight" rating in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $75.90.
Read Our Latest Stock Report on Xcel Energy
Xcel Energy Stock Down 2.1%
XEL stock opened at $67.62 on Friday. The company has a market cap of $39.00 billion, a P/E ratio of 19.66, a P/E/G ratio of 2.62 and a beta of 0.37. Xcel Energy Inc. has a 52 week low of $51.97 and a 52 week high of $73.38. The company's 50-day moving average price is $69.74 and its 200 day moving average price is $68.85. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42.
Xcel Energy (NASDAQ:XEL - Get Free Report) last released 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 for the quarter, compared to analysts' expectations of $3.93 billion. Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. The firm's quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.88 EPS. On average, 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. Investors 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 3.37%. The ex-dividend date is Friday, June 13th. Xcel Energy's dividend payout ratio is currently 67.06%.
About Xcel Energy
(
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.
Further Reading
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