AdvisorNet Financial Inc Has $3.50 Million Stake in Xcel Energy Inc. (NASDAQ:XEL)

AdvisorNet Financial Inc trimmed its stake in Xcel Energy Inc. (NASDAQ:XELFree Report) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,517 shares of the company’s stock after selling 1,476 shares during the period. AdvisorNet Financial Inc’s holdings in Xcel Energy were worth $3,499,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Acadian Asset Management LLC bought a new position in shares of Xcel Energy during the 1st quarter worth about $302,000. Dimensional Fund Advisors LP lifted its holdings in Xcel Energy by 8.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,318,573 shares of the company’s stock valued at $95,163,000 after purchasing an additional 104,140 shares during the last quarter. Prudential PLC bought a new position in Xcel Energy during the 1st quarter valued at about $1,385,000. Cetera Investment Advisers lifted its holdings in Xcel Energy by 12.9% during the 1st quarter. Cetera Investment Advisers now owns 33,591 shares of the company’s stock valued at $2,424,000 after purchasing an additional 3,836 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in Xcel Energy by 8.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,775 shares of the company’s stock valued at $272,000 after purchasing an additional 304 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Stock Up 0.7 %

Shares of NASDAQ XEL opened at $53.75 on Monday. The stock has a market cap of $29.84 billion, a P/E ratio of 16.74, a P/E/G ratio of 2.51 and a beta of 0.36. The firm has a 50 day moving average price of $55.79 and a 200 day moving average price 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. Xcel Energy Inc. has a 52-week low of $46.79 and a 52-week high of $71.96.

Xcel Energy (NASDAQ:XELGet Free Report) last issued its quarterly earnings data on Thursday, January 25th. The company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The firm had revenue of $3.44 billion for the quarter, compared to analyst estimates of $4.01 billion. Xcel Energy had a net margin of 12.47% and a return on equity of 10.78%. The firm’s revenue for the quarter was down 15.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 EPS. Analysts expect that Xcel Energy Inc. will post 3.56 EPS for the current year.

Xcel Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, April 20th. Shareholders of record on Friday, March 15th will be paid a $0.548 dividend. The ex-dividend date is Thursday, March 14th. This represents a $2.19 dividend on an annualized basis and a yield of 4.08%. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.52. Xcel Energy’s payout ratio is presently 68.22%.

Analysts Set New Price Targets

Several brokerages recently issued reports on XEL. TheStreet downgraded shares of Xcel Energy from a “b-” rating to a “c+” rating in a report on Thursday, March 14th. BMO Capital Markets lifted their price target on shares of Xcel Energy from $59.00 to $62.00 and gave the company a “market perform” rating in a report on Monday, December 18th. Barclays raised shares of Xcel Energy from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $61.00 to $54.00 in a research note on Monday, March 11th. Wells Fargo & Company boosted their target price on shares of Xcel Energy from $63.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Friday, January 26th. Finally, Wolfe Research raised shares of Xcel Energy from a “peer perform” rating to an “outperform” rating and set a $58.00 target price for the company in a research note on Monday, March 11th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $63.08.

Get Our Latest Stock Report on Xcel Energy

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.

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

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