Mutual Advisors LLC Sells 1,022 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Mutual Advisors LLC cut its stake in shares of Xcel Energy Inc. (NASDAQ:XELFree Report) by 21.6% during the 4th quarter, Holdings Channel reports. The fund owned 3,706 shares of the company’s stock after selling 1,022 shares during the period. Mutual Advisors LLC’s holdings in Xcel Energy were worth $229,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ameritas Investment Partners Inc. lifted its stake in shares of Xcel Energy by 0.8% in the first quarter. Ameritas Investment Partners Inc. now owns 19,660 shares of the company’s stock valued at $1,418,000 after buying an additional 156 shares in the last quarter. Kesler Norman & Wride LLC lifted its stake in shares of Xcel Energy by 0.7% in the fourth quarter. Kesler Norman & Wride LLC now owns 26,007 shares of the company’s stock valued at $1,610,000 after buying an additional 169 shares in the last quarter. Stephens Inc. AR lifted its stake in shares of Xcel Energy by 5.6% in the second quarter. Stephens Inc. AR now owns 3,281 shares of the company’s stock valued at $204,000 after buying an additional 174 shares in the last quarter. Nwam LLC lifted its stake in shares of Xcel Energy by 5.8% in the first quarter. Nwam LLC now owns 3,224 shares of the company’s stock valued at $217,000 after buying an additional 177 shares in the last quarter. Finally, IFP Advisors Inc lifted its stake in shares of Xcel Energy by 1.6% in the second quarter. IFP Advisors Inc now owns 11,461 shares of the company’s stock valued at $713,000 after buying an additional 178 shares in the last quarter. 78.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. StockNews.com raised shares of Xcel Energy from a “sell” rating to a “hold” rating in a research note on Thursday, March 7th. Wells Fargo & Company raised their price target on shares of Xcel Energy from $63.00 to $64.00 and gave the company an “equal weight” rating in a research report on Friday, January 26th. TheStreet lowered shares of Xcel Energy from a “b-” rating to a “c+” rating in a research report on Thursday, March 14th. BMO Capital Markets raised their price target on shares of Xcel Energy from $59.00 to $62.00 and gave the company a “market perform” rating in a research report on Monday, December 18th. Finally, Wolfe Research raised shares of Xcel Energy from a “peer perform” rating to an “outperform” rating and set a $58.00 price target on the stock in a research report on Monday, March 11th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.08.

Read Our Latest Analysis on Xcel Energy

Xcel Energy Stock Performance

NASDAQ XEL opened at $53.75 on Friday. Xcel Energy Inc. has a 52-week low of $46.79 and a 52-week high of $71.96. The company has a 50-day simple moving average of $55.79 and a 200 day simple moving average of $58.60. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.59 and a current ratio of 0.72. The company has a market capitalization of $29.84 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 2.51 and a beta of 0.36.

Xcel Energy (NASDAQ:XELGet Free Report) last posted its earnings results on Thursday, January 25th. The company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.02). The business had revenue of $3.44 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Xcel Energy had a return on equity of 10.78% and a net margin of 12.47%. Xcel Energy’s revenue for the quarter was down 15.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.69 EPS. On average, research analysts predict that Xcel Energy Inc. will post 3.56 EPS for the current year.

Xcel Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, April 20th. Stockholders of record on Friday, March 15th will be paid a $0.548 dividend. This is an increase from Xcel Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $2.19 annualized dividend and a dividend yield of 4.08%. Xcel Energy’s dividend payout ratio (DPR) is presently 68.22%.

Xcel Energy 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.

See Also

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Institutional Ownership by Quarter for Xcel Energy (NASDAQ:XEL)

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