Princeton Global Asset Management LLC lifted its position in Xcel Energy Inc. (NASDAQ:XEL – Free Report) by 28.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,560 shares of the company’s stock after purchasing an additional 12,149 shares during the quarter. Princeton Global Asset Management LLC’s holdings in Xcel Energy were worth $4,334,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC bought a new position in Xcel Energy during the third quarter valued at approximately $27,000. Abound Wealth Management lifted its holdings in shares of 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 acquiring an additional 288 shares during the last quarter. Garton & Associates Financial Advisors LLC bought a new stake in shares of Xcel Energy in the 4th quarter worth approximately $30,000. Beacon Financial Strategies CORP purchased a new stake in shares of Xcel Energy in the 4th quarter valued at $33,000. Finally, Pittenger & Anderson Inc. boosted its stake in shares of Xcel Energy by 73.8% in the 4th quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock valued at $35,000 after purchasing an additional 200 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors.
Xcel Energy Price Performance
Shares of Xcel Energy stock opened at $82.23 on Monday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.68 and a current ratio of 0.77. Xcel Energy Inc. has a 52-week low of $66.56 and a 52-week high of $84.23. The stock has a market capitalization of $51.33 billion, a price-to-earnings ratio of 23.70, a P/E/G ratio of 2.14 and a beta of 0.39. The company’s 50 day moving average price is $79.49 and its 200-day moving average price is $78.44.
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 $0.5925 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.37 dividend on an annualized basis and a dividend yield of 2.9%. Xcel Energy’s payout ratio is presently 68.30%.
Wall Street Analyst Weigh In
A number of brokerages recently commented on XEL. KeyCorp reiterated an “overweight” rating on shares of Xcel Energy in a research report on Monday, June 8th. Evercore restated an “outperform” rating and set a $96.00 price target on shares of Xcel Energy in a research report on Monday, May 4th. New Street Research set a $91.00 price objective on Xcel Energy in a research note on Tuesday, June 23rd. Truist Financial decreased their price objective on Xcel Energy from $95.00 to $92.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Finally, Argus set a $86.00 price objective on Xcel Energy in a report on Thursday, March 12th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $91.29.
Xcel Energy 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.
Featured Stories
- Five stocks we like better than Xcel Energy
- As Stablecoins Keep Growing, These 2 Stocks Benefit
- Apple Just Handed These 4 Memory Stocks Their Best News of the Year
- Costco’s Secret Growth Engine May Be Running Out of Gas
- Why Alphabet’s Pullback May Be an Opportunity in Disguise
Receive News & Ratings for Xcel Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xcel Energy and related companies with MarketBeat.com's FREE daily email newsletter.
