Croban Takes $954,000 Position in Xcel Energy Inc. $XEL

Croban purchased a new position in shares of Xcel Energy Inc. (NASDAQ:XEL) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 11,834 shares of the company’s stock, valued at approximately $954,000.

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

Xcel Energy Stock Performance

Shares of Xcel Energy stock opened at $73.86 on Thursday. Xcel Energy Inc. has a 12 month low of $62.58 and a 12 month high of $83.01. The firm has a market capitalization of $43.69 billion, a P/E ratio of 22.52, a P/E/G ratio of 2.19 and a beta of 0.45. The company has a current ratio of 0.79, a quick ratio of 0.69 and a debt-to-equity ratio of 1.51. The business has a fifty day simple moving average of $78.15 and a two-hundred day simple moving average of $74.91.

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

Xcel Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 20th. Stockholders of record on Monday, December 29th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Monday, December 29th. Xcel Energy’s dividend payout ratio (DPR) is presently 69.51%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on XEL shares. Jefferies Financial Group increased their target price on shares of Xcel Energy from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Citigroup upped their price target on Xcel Energy from $80.00 to $92.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Weiss Ratings upgraded Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 24th. Royal Bank Of Canada assumed coverage on Xcel Energy in a research note on Tuesday, October 28th. They set a “moderate buy” rating on the stock. Finally, TD Cowen initiated coverage on Xcel Energy in a research note on Thursday, October 16th. They issued a “buy” rating and a $93.00 price target for the company. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $87.29.

Xcel Energy Profile

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.