Xcel Energy Inc. (NASDAQ:XEL) Stock Holdings Raised by Commonwealth Equity Services LLC

Key Points

• Commonwealth Equity Services LLC increased its stake in Xcel Energy Inc. by 5.0%, acquiring an additional 12,304 shares, bringing its total holdings to 258,802 shares valued at approximately $18.3 million.
• Xcel Energy's recent earnings report showed a quarterly EPS of $0.75, surpassing expectations, while revenue grew 8.6% year-over-year, totaling $3.29 billion.
• The company has announced a quarterly dividend of $0.57 per share, with a dividend yield of 3.1%, set to be paid on October 20th.

Commonwealth Equity Services LLC lifted its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 5.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 258,802 shares of the company's stock after purchasing an additional 12,304 shares during the period. Commonwealth Equity Services LLC's holdings in Xcel Energy were worth $18,321,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. BankPlus Trust Department acquired a new stake in shares of Xcel Energy during the first quarter worth $34,000. Rossby Financial LCC acquired a new stake in Xcel Energy during the first quarter worth about $50,000. Itau Unibanco Holding S.A. bought a new position in Xcel Energy in the fourth quarter worth about $52,000. Alpine Bank Wealth Management acquired a new position in Xcel Energy in the first quarter valued at approximately $53,000. Finally, WFA Asset Management Corp grew its holdings in shares of Xcel Energy by 449.0% during the first quarter. WFA Asset Management Corp now owns 1,131 shares of the company's stock valued at $80,000 after purchasing an additional 925 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Stock Performance

Shares of NASDAQ XEL opened at $73.23 on Friday. Xcel Energy Inc. has a 1 year low of $57.24 and a 1 year high of $74.57. The firm has a market cap of $43.31 billion, a P/E ratio of 20.29, a PEG ratio of 2.47 and a beta of 0.34. The stock has a fifty day moving average price of $69.51 and a two-hundred day moving average price of $69.34. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.85 and a current ratio of 0.96.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.66 by $0.09. The business had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.31 billion. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The business's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.54 earnings per share. Research analysts forecast that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Monday, September 15th. Xcel Energy's payout ratio is 63.16%.

Analysts Set New Price Targets

A number of brokerages recently commented on XEL. Mizuho upped their price objective on Xcel Energy from $74.00 to $78.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Wall Street Zen cut shares of Xcel Energy from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. Wells Fargo & Company set a $78.00 target price on shares of Xcel Energy and gave the company an "overweight" rating in a research note on Friday, April 25th. Morgan Stanley cut their price target on Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. Finally, BMO Capital Markets raised their target price on Xcel Energy from $69.00 to $73.00 and gave the company a "market perform" rating in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Xcel Energy presently has a consensus rating of "Moderate Buy" and an average target price of $76.00.

Xcel Energy 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.

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