Arkadios Wealth Advisors Boosts Stock Holdings in Xcel Energy Inc. $XEL

Arkadios Wealth Advisors grew its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 85.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,115 shares of the company’s stock after buying an additional 7,409 shares during the period. Arkadios Wealth Advisors’ holdings in Xcel Energy were worth $1,300,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in XEL. ORG Partners LLC lifted its position in shares of Xcel Energy by 168.4% during the third quarter. ORG Partners LLC now owns 314 shares of the company’s stock worth $25,000 after acquiring an additional 197 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in shares of Xcel Energy in the second quarter valued at approximately $25,000. Clearstead Trust LLC grew its position in shares of 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 purchasing an additional 279 shares in the last quarter. Salomon & Ludwin LLC increased its stake in Xcel Energy by 98.8% in the 3rd quarter. Salomon & Ludwin LLC now owns 509 shares of the company’s stock worth $41,000 after acquiring an additional 253 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Xcel Energy in the 3rd quarter valued at about $50,000. Institutional investors own 78.38% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on XEL. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $95.00 target price on shares of Xcel Energy in a research note on Friday. Evercore ISI assumed coverage on shares of Xcel Energy in a research report on Monday, October 6th. They issued an “outperform” rating and a $92.00 target price for the company. Citigroup lifted their price target on Xcel Energy from $80.00 to $92.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Mizuho set a $86.00 price objective on Xcel Energy in a research report on Friday, January 9th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Xcel Energy in a research report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $87.53.

Xcel Energy Trading Down 1.1%

NASDAQ:XEL opened at $75.01 on Friday. The firm has a market capitalization of $44.37 billion, a P/E ratio of 22.87, a P/E/G ratio of 2.07 and a beta of 0.46. Xcel Energy Inc. has a 52 week low of $65.21 and a 52 week high of $83.01. The company has a quick ratio of 0.69, a current ratio of 0.79 and a debt-to-equity ratio of 1.51. The company has a fifty day moving average of $76.17 and a 200 day moving average of $75.73.

Xcel Energy (NASDAQ:XEL) last posted its earnings results 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 for the quarter, compared to analysts’ expectations of $3.89 billion. Xcel Energy had a return on equity of 10.45% and a net margin of 13.46%.The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.25 earnings per share. On average, research analysts predict 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 was paid on Tuesday, January 20th. Investors of record on Monday, December 29th were paid a $0.57 dividend. The ex-dividend date of this dividend was Monday, December 29th. This represents a $2.28 dividend on an annualized basis and a yield of 3.0%. Xcel Energy’s dividend payout ratio (DPR) is presently 69.51%.

Xcel Energy Company 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.