Exchange Traded Concepts LLC Has $95,000 Position in Xcel Energy Inc. (NASDAQ:XEL)

Exchange Traded Concepts LLC cut its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 90.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,345 shares of the company’s stock after selling 12,076 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Xcel Energy were worth $95,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of XEL. Brighton Jones LLC acquired a new position in shares of Xcel Energy during the fourth quarter worth approximately $240,000. Atria Wealth Solutions Inc. lifted its holdings in shares of Xcel Energy by 116.0% during the fourth quarter. Atria Wealth Solutions Inc. now owns 16,515 shares of the company’s stock worth $1,115,000 after buying an additional 8,868 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Xcel Energy by 7.7% during the fourth quarter. Global Retirement Partners LLC now owns 3,943 shares of the company’s stock worth $266,000 after buying an additional 283 shares during the last quarter. Wealthspire Advisors LLC bought a new stake in shares of Xcel Energy during the fourth quarter valued at approximately $280,000. Finally, Rothschild Investment LLC increased its position in shares of Xcel Energy by 26.0% during the fourth quarter. Rothschild Investment LLC now owns 731 shares of the company’s stock valued at $49,000 after purchasing an additional 151 shares during the period. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Trading Up 0.5%

Shares of XEL opened at $68.23 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 0.80 and a debt-to-equity ratio of 1.48. Xcel Energy Inc. has a 12-month low of $51.97 and a 12-month high of $73.38. The firm has a market capitalization of $39.35 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 2.37 and a beta of 0.37. The stock’s fifty day simple moving average is $69.43 and its 200-day simple moving average is $68.61.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.11). Xcel Energy had a net margin of 14.10% and a return on equity of 10.20%. The firm had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.93 billion. During the same period last year, the company earned $0.88 EPS. The company’s revenue was up 7.0% compared to the same quarter last year. As a group, research analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, July 20th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Friday, June 13th. Xcel Energy’s dividend payout ratio (DPR) is presently 67.06%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on XEL. BMO Capital Markets boosted their price objective 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. Morgan Stanley lowered their price objective on Xcel Energy from $78.00 to $77.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 18th. Evercore ISI boosted their price objective on Xcel Energy from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Monday, April 28th. UBS Group boosted their price objective on Xcel Energy from $73.00 to $77.00 and gave the company a “neutral” rating in a research report on Tuesday, April 1st. Finally, Wall Street Zen cut Xcel Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $75.80.

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.