Farther Finance Advisors LLC Grows Position in Xcel Energy Inc. $XEL

Farther Finance Advisors LLC grew its stake in Xcel Energy Inc. (NASDAQ:XEL) by 53.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,189 shares of the company’s stock after acquiring an additional 6,692 shares during the quarter. Farther Finance Advisors LLC’s holdings in Xcel Energy were worth $1,417,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in XEL. ORG Partners LLC lifted its holdings in Xcel Energy by 168.4% in the 3rd quarter. ORG Partners LLC now owns 314 shares of the company’s stock valued at $25,000 after purchasing an additional 197 shares in the last quarter. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Xcel Energy during the third quarter worth about $27,000. Abound Wealth Management raised its position in shares of Xcel Energy by 394.5% in the fourth quarter. Abound Wealth Management now owns 361 shares of the company’s stock valued at $27,000 after buying an additional 288 shares during the last quarter. First Command Advisory Services Inc. purchased a new position in shares of Xcel Energy during the third quarter valued at approximately $32,000. Finally, Beacon Financial Strategies CORP purchased a new position in shares of Xcel Energy during the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Stock Down 0.9%

Shares of NASDAQ XEL opened at $80.32 on Tuesday. The stock has a market capitalization of $50.13 billion, a PE ratio of 23.49, a P/E/G ratio of 2.22 and a beta of 0.43. The company has a quick ratio of 0.60, a current ratio of 0.71 and a debt-to-equity ratio of 1.35. The firm has a fifty day moving average of $80.75 and a 200-day moving average of $78.79. Xcel Energy Inc. has a 52-week low of $65.21 and a 52-week high of $84.23.

Xcel Energy (NASDAQ:XEL) last issued its earnings results on Wednesday, February 4th. The company reported $0.96 earnings per share for the quarter, hitting the consensus estimate of $0.96. Xcel Energy had a return on equity of 10.46% and a net margin of 13.76%.The business had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period last year, the company posted $0.81 EPS. The business’s quarterly revenue was up 14.1% on a year-over-year basis. On average, analysts anticipate that Xcel Energy Inc. will post 4.11 EPS for the current year.

Xcel Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 20th. Stockholders of record on Friday, March 13th were paid a $0.5925 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $2.37 annualized dividend and a dividend yield of 3.0%. This is an increase from Xcel Energy’s previous quarterly dividend of $0.57. Xcel Energy’s dividend payout ratio is presently 69.30%.

Analyst Ratings Changes

XEL has been the subject of several recent analyst reports. Weiss Ratings raised shares of Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 20th. Royal Bank Of Canada reissued an “outperform” rating and set a $95.00 price target on shares of Xcel Energy in a research note on Friday, January 23rd. Mizuho set a $86.00 price objective on Xcel Energy in a research report on Friday, January 9th. Truist Financial set a $95.00 target price on Xcel Energy in a research note on Monday. Finally, Morgan Stanley set a $91.00 target price on Xcel Energy in a research report on Friday, February 20th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $89.47.

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.