7,072 Shares in Xcel Energy Inc. $XEL Acquired by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC acquired a new position in Xcel Energy Inc. (NASDAQ:XEL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,072 shares of the company’s stock, valued at approximately $569,000.

Several other hedge funds have also modified their holdings of XEL. Kingsview Wealth Management LLC increased its stake in Xcel Energy by 21.0% during the 3rd quarter. Kingsview Wealth Management LLC now owns 9,339 shares of the company’s stock worth $753,000 after buying an additional 1,622 shares during the period. 111 Capital increased its holdings in Xcel Energy by 17.6% in the third quarter. 111 Capital now owns 22,114 shares of the company’s stock valued at $1,783,000 after buying an additional 3,309 shares during the last quarter. Fisher Asset Management LLC acquired a new stake in shares of Xcel Energy during the 3rd quarter valued at approximately $321,000. Journey Strategic Wealth LLC acquired a new stake in shares of Xcel Energy during the third quarter worth $206,000. Finally, Aprio Wealth Management LLC raised its stake in Xcel Energy by 32.7% during the third quarter. Aprio Wealth Management LLC now owns 6,298 shares of the company’s stock worth $508,000 after acquiring an additional 1,553 shares during the period. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on XEL. Mizuho set a $86.00 target price on Xcel Energy in a research report on Friday, January 9th. BTIG Research set a $94.00 price objective on shares of Xcel Energy in a research note on Friday, January 30th. KeyCorp dropped their price target on shares of Xcel Energy from $85.00 to $84.00 and set an “overweight” rating on the stock in a research report on Friday, December 12th. UBS Group raised Xcel Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $81.00 to $89.00 in a report on Friday, February 13th. Finally, BMO Capital Markets restated an “outperform” rating and set a $90.00 price objective on shares of Xcel Energy in a report on Friday, February 6th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Xcel Energy currently has an average rating of “Buy” and a consensus target price of $88.60.

Xcel Energy Trading Up 0.2%

NASDAQ XEL opened at $82.52 on Monday. Xcel Energy Inc. has a 1-year low of $65.21 and a 1-year high of $84.23. The firm’s fifty day simple moving average is $77.67 and its 200-day simple moving average is $77.47. The company has a current ratio of 0.71, a quick ratio of 0.60 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $51.48 billion, a PE ratio of 24.13, a price-to-earnings-growth ratio of 2.26 and a beta of 0.45.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.96. The business had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.77 billion. Xcel Energy had a return on equity of 10.46% and a net margin of 13.76%.The firm’s revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.81 EPS. As a group, sell-side analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 20th. Shareholders of record on Friday, March 13th will be issued a dividend of $0.5925 per share. This represents a $2.37 annualized dividend and a yield of 2.9%. This is an increase from Xcel Energy’s previous quarterly dividend of $0.57. The ex-dividend date is Friday, March 13th. Xcel Energy’s dividend payout ratio is 66.67%.

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.