Stratos Wealth Partners LTD. Reduces Position in Xcel Energy Inc. (NASDAQ:XEL)

Stratos Wealth Partners LTD. trimmed its position in Xcel Energy Inc. (NASDAQ:XEL) by 5.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,097 shares of the company’s stock after selling 348 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Xcel Energy were worth $432,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Creative Financial Designs Inc. ADV grew its stake in shares of Xcel Energy by 23.2% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 827 shares of the company’s stock worth $56,000 after purchasing an additional 156 shares in the last quarter. Conning Inc. grew its position in shares of Xcel Energy by 4.1% in the 1st quarter. Conning Inc. now owns 4,400 shares of the company’s stock valued at $311,000 after buying an additional 172 shares during the last quarter. RWA Wealth Partners LLC grew its position in shares of Xcel Energy by 3.5% in the 4th quarter. RWA Wealth Partners LLC now owns 5,155 shares of the company’s stock valued at $348,000 after buying an additional 176 shares during the last quarter. Redhawk Wealth Advisors Inc. grew its position in shares of Xcel Energy by 4.3% in the 1st quarter. Redhawk Wealth Advisors Inc. now owns 4,406 shares of the company’s stock valued at $312,000 after buying an additional 182 shares during the last quarter. Finally, Benjamin Edwards Inc. boosted its stake in Xcel Energy by 1.1% during the 4th quarter. Benjamin Edwards Inc. now owns 16,605 shares of the company’s stock worth $1,121,000 after purchasing an additional 183 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Stock Performance

Shares of XEL opened at $69.17 on Tuesday. The company has a quick ratio of 0.70, a current ratio of 0.80 and a debt-to-equity ratio of 1.48. The company has a 50-day simple moving average of $68.82 and a 200-day simple moving average of $68.62. Xcel Energy Inc. has a 52-week low of $52.97 and a 52-week high of $73.38. The company has a market capitalization of $39.89 billion, a PE ratio of 20.34, a P/E/G ratio of 2.40 and a beta of 0.36.

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

Xcel Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, July 20th. Investors of record on Friday, June 13th will be given a $0.57 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.28 annualized dividend and a dividend yield of 3.30%. Xcel Energy’s dividend payout ratio is presently 67.06%.

Analyst Ratings Changes

XEL has been the subject of a number of recent research reports. Evercore ISI increased their price target on shares of Xcel Energy from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Monday, April 28th. UBS Group increased their price target on shares of Xcel Energy from $73.00 to $77.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 1st. Barclays increased their price target on shares of Xcel Energy from $72.00 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 22nd. BMO Capital Markets raised their target price on shares of Xcel Energy from $69.00 to $73.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 23rd. Finally, Wall Street Zen cut shares of Xcel Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Xcel Energy currently has an average 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.