Private Advisor Group LLC lessened its holdings in Xcel Energy Inc. (NASDAQ:XEL – Free Report) by 10.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,646 shares of the company’s stock after selling 6,888 shares during the quarter. Private Advisor Group LLC’s holdings in Xcel Energy were worth $4,500,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of XEL. Vermillion & White Wealth Management Group LLC purchased a new stake in Xcel Energy during the 3rd quarter valued at about $27,000. Abound Wealth Management increased its stake in Xcel Energy by 394.5% in the 4th quarter. Abound Wealth Management now owns 361 shares of the company’s stock worth $27,000 after purchasing an additional 288 shares during the period. Garton & Associates Financial Advisors LLC purchased a new position in Xcel Energy in the 4th quarter worth approximately $30,000. Beacon Financial Strategies CORP bought a new stake in Xcel Energy in the fourth quarter valued at approximately $33,000. Finally, Pittenger & Anderson Inc. boosted its stake in shares of Xcel Energy by 73.8% during the fourth quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock valued at $35,000 after purchasing an additional 200 shares during the period. 78.38% of the stock is owned by institutional investors.
Xcel Energy Price Performance
Shares of NASDAQ XEL opened at $80.67 on Wednesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.77 and a quick ratio of 0.68. Xcel Energy Inc. has a 1 year low of $66.56 and a 1 year high of $84.23. The company’s 50-day moving average is $79.66 and its 200 day moving average is $78.75. The stock has a market capitalization of $50.36 billion, a P/E ratio of 23.25, a P/E/G ratio of 2.09 and a beta of 0.39.
Xcel Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, June 15th will be given a dividend of $0.5925 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.37 annualized dividend and a yield of 2.9%. Xcel Energy’s dividend payout ratio (DPR) is currently 68.30%.
Analyst Ratings Changes
Several research analysts recently commented on XEL shares. Mizuho decreased their target price on shares of Xcel Energy from $94.00 to $91.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 23rd. Morgan Stanley set a $89.00 price target on shares of Xcel Energy in a research report on Wednesday, June 24th. Argus set a $86.00 price objective on shares of Xcel Energy in a research report on Thursday, March 12th. Evercore reaffirmed an “outperform” rating and set a $96.00 price objective on shares of Xcel Energy in a research note on Monday, May 4th. Finally, Jefferies Financial Group set a $101.00 target price on shares of Xcel Energy in a report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $91.82.
Check Out Our Latest Research Report on XEL
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.
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