Apollon Wealth Management LLC Has $1.58 Million Stock Holdings in Xcel Energy Inc. $XEL

Apollon Wealth Management LLC cut its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 31.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 21,374 shares of the company’s stock after selling 9,757 shares during the quarter. Apollon Wealth Management LLC’s holdings in Xcel Energy were worth $1,579,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of America Corp DE boosted its position in Xcel Energy by 9.9% during the 3rd quarter. Bank of America Corp DE now owns 28,851,485 shares of the company’s stock worth $2,326,872,000 after acquiring an additional 2,589,406 shares during the last quarter. Barclays PLC raised its stake in shares of Xcel Energy by 54.3% during the 3rd quarter. Barclays PLC now owns 6,098,386 shares of the company’s stock worth $491,835,000 after purchasing an additional 2,145,063 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Xcel Energy by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 76,725,720 shares of the company’s stock worth $6,187,929,000 after purchasing an additional 2,001,018 shares in the last quarter. State Street Corp raised its stake in shares of Xcel Energy by 5.1% during the 3rd quarter. State Street Corp now owns 35,896,553 shares of the company’s stock worth $2,914,984,000 after purchasing an additional 1,752,296 shares in the last quarter. Finally, Raymond James Financial Inc. raised its stake in shares of Xcel Energy by 100.3% during the 2nd quarter. Raymond James Financial Inc. now owns 2,519,061 shares of the company’s stock worth $171,548,000 after purchasing an additional 1,261,439 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Stock Performance

Shares of NASDAQ XEL opened at $80.45 on Tuesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.71 and a quick ratio of 0.60. The stock’s fifty day moving average price is $80.34 and its two-hundred day moving average price is $78.78. Xcel Energy Inc. has a one year low of $65.21 and a one year high of $84.23. The firm has a market cap of $50.21 billion, a price-to-earnings ratio of 23.52, a P/E/G ratio of 2.26 and a beta of 0.43.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $0.96 EPS for the quarter, meeting analysts’ consensus estimates of $0.96. Xcel Energy had a return on equity of 10.46% and a net margin of 13.76%.The firm had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period in the prior year, the firm posted $0.81 EPS. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, equities analysts forecast that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 20th. Shareholders of record on Friday, March 13th will be issued a $0.5925 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.37 dividend on an annualized basis and a yield of 2.9%. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.57. Xcel Energy’s payout ratio is currently 69.30%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Mizuho set a $86.00 price target on Xcel Energy in a research note on Friday, January 9th. UBS Group dropped their price target on Xcel Energy from $93.00 to $89.00 and set a “buy” rating on the stock in a research note on Tuesday, March 24th. Morgan Stanley set a $91.00 price target on Xcel Energy in a research note on Friday, February 20th. Royal Bank Of Canada restated an “outperform” rating and issued a $95.00 price target on shares of Xcel Energy in a research note on Friday, January 23rd. Finally, Weiss Ratings upgraded Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 20th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $88.44.

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.