Level Four Advisory Services LLC grew its stake in shares of Xcel Energy Inc. (NASDAQ:XEL – Free Report) by 11.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,568 shares of the company’s stock after acquiring an additional 468 shares during the period. Level Four Advisory Services LLC’s holdings in Xcel Energy were worth $308,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Acadian Asset Management LLC purchased a new position in Xcel Energy during the first quarter valued at approximately $302,000. Dimensional Fund Advisors LP increased its holdings in Xcel Energy by 8.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,318,573 shares of the company’s stock valued at $95,163,000 after buying an additional 104,140 shares during the period. Prudential PLC purchased a new position in Xcel Energy during the first quarter valued at approximately $1,385,000. Cetera Investment Advisers increased its holdings in Xcel Energy by 12.9% during the first quarter. Cetera Investment Advisers now owns 33,591 shares of the company’s stock valued at $2,424,000 after buying an additional 3,836 shares during the period. Finally, Sequoia Financial Advisors LLC increased its holdings in Xcel Energy by 8.8% during the first quarter. Sequoia Financial Advisors LLC now owns 3,775 shares of the company’s stock valued at $272,000 after buying an additional 304 shares during the period. Institutional investors own 77.83% of the company’s stock.
Analysts Set New Price Targets
Several research firms have issued reports on XEL. Morgan Stanley cut their price target on shares of Xcel Energy from $64.00 to $59.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 23rd. JPMorgan Chase & Co. lowered shares of Xcel Energy from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $79.00 to $68.00 in a report on Friday, June 2nd. BMO Capital Markets lowered shares of Xcel Energy from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 21st. Evercore ISI dropped their price objective on shares of Xcel Energy from $66.00 to $62.00 and set an “outperform” rating on the stock in a report on Friday. Finally, The Goldman Sachs Group assumed coverage on shares of Xcel Energy in a report on Wednesday, June 7th. They set a “buy” rating and a $75.00 price objective on the stock. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Xcel Energy has a consensus rating of “Hold” and a consensus price target of $66.79.
Xcel Energy Trading Up 0.0 %
Shares of Xcel Energy stock opened at $57.99 on Tuesday. The firm has a 50-day simple moving average of $60.11 and a two-hundred day simple moving average of $64.61. The company has a market cap of $31.98 billion, a P/E ratio of 18.41, a price-to-earnings-growth ratio of 2.90 and a beta of 0.42. Xcel Energy Inc. has a fifty-two week low of $55.11 and a fifty-two week high of $74.59. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.68 and a current ratio of 0.80.
Xcel Energy (NASDAQ:XEL – Get Free Report) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.05). The firm had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.38 billion. Xcel Energy had a return on equity of 10.39% and a net margin of 11.38%. The company’s revenue was down 11.7% on a year-over-year basis. During the same quarter last year, the company posted $0.60 EPS. As a group, equities analysts predict that Xcel Energy Inc. will post 3.34 earnings per share for the current fiscal year.
Xcel Energy Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.52 per share. The ex-dividend date is Thursday, September 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.59%. Xcel Energy’s dividend payout ratio is currently 66.03%.
Xcel Energy Profile
Xcel Energy Inc, through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources.
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