Xcel Energy Inc. $XEL Shares Acquired by Apollon Wealth Management LLC

Apollon Wealth Management LLC lifted its position in Xcel Energy Inc. (NASDAQ:XEL) by 94.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,131 shares of the company’s stock after buying an additional 15,083 shares during the quarter. Apollon Wealth Management LLC’s holdings in Xcel Energy were worth $2,511,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Xcel Energy during the second quarter worth about $25,000. Clearstead Trust LLC increased its stake in Xcel Energy by 202.2% during the 2nd quarter. Clearstead Trust LLC now owns 417 shares of the company’s stock worth $28,000 after buying an additional 279 shares during the period. Rise Advisors LLC lifted its holdings in Xcel Energy by 62.9% during the 2nd quarter. Rise Advisors LLC now owns 518 shares of the company’s stock worth $35,000 after buying an additional 200 shares in the last quarter. Marshall & Sullivan Inc. WA purchased a new position in Xcel Energy in the 2nd quarter valued at approximately $44,000. Finally, RMG Wealth Management LLC acquired a new position in shares of Xcel Energy in the second quarter worth $46,000. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Xcel Energy Stock Down 0.4%

Shares of NASDAQ XEL opened at $74.12 on Tuesday. The business has a 50-day moving average price of $78.42 and a 200 day moving average price of $74.87. The stock has a market cap of $43.84 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 2.20 and a beta of 0.45. The company has a quick ratio of 0.69, a current ratio of 0.79 and a debt-to-equity ratio of 1.51. Xcel Energy Inc. has a 52-week low of $62.58 and a 52-week high of $83.01.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). The firm had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.89 billion. Xcel Energy had a net margin of 13.46% and a return on equity of 10.45%. Xcel Energy’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.25 EPS. Equities research analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 20th. Investors of record on Monday, December 29th will be paid a dividend of $0.57 per share. The ex-dividend date is Monday, December 29th. This represents a $2.28 dividend on an annualized basis and a yield of 3.1%. Xcel Energy’s dividend payout ratio is currently 69.51%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on XEL shares. Royal Bank Of Canada began coverage on Xcel Energy in a report on Tuesday, October 28th. They set a “moderate buy” rating on the stock. Barclays upped their target price on shares of Xcel Energy from $83.00 to $85.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. TD Cowen assumed coverage on shares of Xcel Energy in a research note on Thursday, October 16th. They issued a “buy” rating and a $93.00 price target for the company. Citigroup increased their price objective on shares of Xcel Energy from $80.00 to $92.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Finally, Argus upgraded shares of Xcel Energy to a “strong-buy” rating in a report on Wednesday, December 3rd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Xcel Energy has a consensus rating of “Buy” and a consensus price target of $87.29.

About Xcel Energy

Xcel Energy (NASDAQ: XEL) is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company’s core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.

Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.