Sequoia Financial Advisors LLC Cuts Stake in Xcel Energy Inc. (NASDAQ:XEL)

Sequoia Financial Advisors LLC lowered its stake in shares of Xcel Energy Inc. (NASDAQ:XELFree Report) by 8.4% in the third quarter, Holdings Channel reports. The firm owned 6,137 shares of the company’s stock after selling 561 shares during the period. Sequoia Financial Advisors LLC’s holdings in Xcel Energy were worth $351,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. D.A. Davidson & CO. increased its stake in shares of Xcel Energy by 4.6% during the third quarter. D.A. Davidson & CO. now owns 29,785 shares of the company’s stock worth $1,704,000 after purchasing an additional 1,300 shares in the last quarter. Stiles Financial Services Inc increased its stake in shares of Xcel Energy by 4.2% during the third quarter. Stiles Financial Services Inc now owns 47,523 shares of the company’s stock worth $2,719,000 after purchasing an additional 1,902 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Xcel Energy by 1.3% during the third quarter. Janney Montgomery Scott LLC now owns 87,187 shares of the company’s stock worth $4,989,000 after purchasing an additional 1,134 shares in the last quarter. Atria Wealth Solutions Inc. increased its stake in shares of Xcel Energy by 12.0% during the third quarter. Atria Wealth Solutions Inc. now owns 9,835 shares of the company’s stock worth $563,000 after purchasing an additional 1,052 shares in the last quarter. Finally, Mattern Capital Management LLC increased its stake in shares of Xcel Energy by 13.5% during the third quarter. Mattern Capital Management LLC now owns 101,583 shares of the company’s stock worth $5,813,000 after purchasing an additional 12,111 shares in the last quarter. Hedge funds and other institutional investors own 77.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on XEL. StockNews.com raised shares of Xcel Energy from a “sell” rating to a “hold” rating in a research note on Sunday, November 5th. JPMorgan Chase & Co. upped their price objective on shares of Xcel Energy from $66.00 to $68.00 and gave the company a “neutral” rating in a research note on Thursday, November 30th. Wells Fargo & Company upped their price objective on shares of Xcel Energy from $63.00 to $64.00 and gave the company an “equal weight” rating in a research note on Friday, January 26th. Royal Bank of Canada upped their price objective on shares of Xcel Energy from $67.00 to $68.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 30th. Finally, KeyCorp upped their price objective on shares of Xcel Energy from $62.00 to $68.00 and gave the company an “overweight” rating in a research note on Thursday, January 4th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $65.00.

Check Out Our Latest Stock Analysis on XEL

Xcel Energy Stock Performance

NASDAQ XEL opened at $58.17 on Friday. The stock has a fifty day simple moving average of $61.04 and a 200-day simple moving average of $59.72. The company has a current ratio of 0.87, a quick ratio of 0.73 and a debt-to-equity ratio of 1.44. The stock has a market cap of $32.10 billion, a PE ratio of 18.12, a P/E/G ratio of 2.71 and a beta of 0.40. Xcel Energy Inc. has a twelve month low of $53.73 and a twelve month high of $71.96.

Xcel Energy (NASDAQ:XELGet Free Report) last announced its earnings results on Thursday, January 25th. The company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.02). The company had revenue of $3.44 billion for the quarter, compared to analysts’ expectations of $4.01 billion. Xcel Energy had a return on equity of 10.88% and a net margin of 12.47%. The company’s quarterly revenue was down 15.1% compared to the same quarter last year. During the same period last year, the business earned $0.69 EPS. Equities analysts anticipate that Xcel Energy Inc. will post 3.57 earnings per share for the current year.

Xcel Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, January 20th. Shareholders of record on Thursday, December 28th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date was Wednesday, December 27th. Xcel Energy’s payout ratio is 64.80%.

Xcel Energy Profile

(Free Report)

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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