Xcel Energy Inc. (NASDAQ:XEL) Position Increased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC raised its holdings in shares of Xcel Energy Inc. (NASDAQ:XELGet Rating) by 72.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 567 shares of the company’s stock after acquiring an additional 239 shares during the period. EverSource Wealth Advisors LLC’s holdings in Xcel Energy were worth $41,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Prospera Financial Services Inc raised its stake in Xcel Energy by 1.6% during the 1st quarter. Prospera Financial Services Inc now owns 9,421 shares of the company’s stock valued at $680,000 after acquiring an additional 146 shares in the last quarter. Smith Anglin Financial LLC raised its stake in Xcel Energy by 3.4% during the 1st quarter. Smith Anglin Financial LLC now owns 4,434 shares of the company’s stock valued at $320,000 after acquiring an additional 147 shares in the last quarter. Lincoln National Corp increased its position in shares of Xcel Energy by 4.5% during the 1st quarter. Lincoln National Corp now owns 3,467 shares of the company’s stock valued at $251,000 after purchasing an additional 149 shares during the period. Ameritas Investment Partners Inc. increased its position in shares of Xcel Energy by 0.8% during the 1st quarter. Ameritas Investment Partners Inc. now owns 19,660 shares of the company’s stock valued at $1,418,000 after purchasing an additional 156 shares during the period. Finally, Level Four Advisory Services LLC increased its position in shares of Xcel Energy by 5.3% during the 1st quarter. Level Four Advisory Services LLC now owns 3,495 shares of the company’s stock valued at $252,000 after purchasing an additional 176 shares during the period. Institutional investors own 77.52% of the company’s stock.

Xcel Energy Stock Performance

Shares of NASDAQ XEL opened at $73.90 on Monday. The company has a quick ratio of 0.86, a current ratio of 1.00 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $40.42 billion, a price-to-earnings ratio of 24.55, a PEG ratio of 3.63 and a beta of 0.34. The stock’s fifty day simple moving average is $74.80 and its 200 day simple moving average is $71.96. Xcel Energy Inc. has a 52-week low of $61.15 and a 52-week high of $77.66.

Xcel Energy (NASDAQ:XELGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.60 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.60. Xcel Energy had a return on equity of 10.45% and a net margin of 11.66%. The business had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.18 billion. As a group, sell-side analysts forecast that Xcel Energy Inc. will post 3.17 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Thursday, September 15th will be issued a dividend of $0.4875 per share. The ex-dividend date is Wednesday, September 14th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 2.64%. Xcel Energy’s dividend payout ratio is 64.78%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on XEL. Barclays lowered their price target on Xcel Energy from $82.00 to $78.00 and set an “overweight” rating on the stock in a research report on Monday, July 18th. Credit Suisse Group lowered their price target on Xcel Energy to $77.00 in a research report on Thursday, June 9th. Morgan Stanley lifted their price target on Xcel Energy from $69.00 to $74.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 23rd. Finally, UBS Group lowered their price target on Xcel Energy from $74.00 to $71.00 and set a “neutral” rating on the stock in a research report on Thursday, June 30th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Xcel Energy currently has an average rating of “Moderate Buy” and an average price target of $74.40.

Xcel Energy Profile

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Xcel Energy Inc, through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources.

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Institutional Ownership by Quarter for Xcel Energy (NASDAQ:XEL)

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