Xcel Energy Inc. (NASDAQ:XEL) Shares Bought by Spire Wealth Management

Spire Wealth Management grew its stake in Xcel Energy Inc. (NASDAQ:XEL) by 15.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,685 shares of the company’s stock after acquiring an additional 899 shares during the quarter. Spire Wealth Management’s holdings in Xcel Energy were worth $357,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Epiq Partners LLC raised its stake in Xcel Energy by 0.7% in the first quarter. Epiq Partners LLC now owns 29,072 shares of the company’s stock valued at $1,563,000 after buying an additional 202 shares in the last quarter. Avantax Advisory Services Inc. raised its position in shares of Xcel Energy by 1.3% during the 1st quarter. Avantax Advisory Services Inc. now owns 16,054 shares of the company’s stock worth $863,000 after acquiring an additional 212 shares in the last quarter. Chicago Partners Investment Group LLC lifted its stake in Xcel Energy by 3.7% during the fourth quarter. Chicago Partners Investment Group LLC now owns 6,249 shares of the company’s stock worth $364,000 after purchasing an additional 222 shares during the last quarter. Bailard Inc. boosted its holdings in Xcel Energy by 2.0% in the second quarter. Bailard Inc. now owns 12,074 shares of the company’s stock valued at $645,000 after purchasing an additional 242 shares in the last quarter. Finally, Moody National Bank Trust Division increased its stake in Xcel Energy by 7.5% in the first quarter. Moody National Bank Trust Division now owns 3,820 shares of the company’s stock valued at $205,000 after purchasing an additional 266 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Down 0.3 %

XEL opened at $61.23 on Tuesday. Xcel Energy Inc. has a 52 week low of $46.79 and a 52 week high of $64.25. The business has a 50 day moving average price of $56.92 and a two-hundred day moving average price of $55.17. The company has a quick ratio of 0.86, a current ratio of 0.97 and a debt-to-equity ratio of 1.54. The company has a market cap of $34.02 billion, a PE ratio of 18.39, a P/E/G ratio of 2.70 and a beta of 0.37.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.03). Xcel Energy had a return on equity of 10.94% and a net margin of 13.46%. The company had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.29 billion. During the same quarter last year, the company earned $0.52 EPS. Xcel Energy’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, research analysts anticipate that Xcel Energy Inc. will post 3.55 EPS for the current year.

Xcel Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, October 20th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.548 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.58%. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.55. The ex-dividend date is Friday, September 13th. Xcel Energy’s payout ratio is 65.77%.

Wall Street Analysts Forecast Growth

XEL has been the subject of several recent analyst reports. Argus upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Monday, August 26th. Wells Fargo & Company upped their price objective on shares of Xcel Energy from $57.00 to $63.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Finally, Morgan Stanley lifted their target price on Xcel Energy from $62.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Friday, August 23rd. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $62.92.

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.