Xcel Energy Inc. (NASDAQ:XEL) Shares Purchased by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC increased its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 7.3% in the 1st quarter, HoldingsChannel reports. The firm owned 4,159 shares of the company’s stock after purchasing an additional 283 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Xcel Energy were worth $294,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Rothschild Investment LLC grew its stake in Xcel Energy by 26.0% during the 4th quarter. Rothschild Investment LLC now owns 731 shares of the company’s stock worth $49,000 after purchasing an additional 151 shares in the last quarter. GenTrust LLC grew its stake in Xcel Energy by 4.5% during the 4th quarter. GenTrust LLC now owns 3,602 shares of the company’s stock worth $243,000 after purchasing an additional 155 shares in the last quarter. Creative Financial Designs Inc. ADV grew its stake in Xcel Energy by 23.2% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 827 shares of the company’s stock worth $56,000 after purchasing an additional 156 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Xcel Energy by 1.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 9,242 shares of the company’s stock worth $624,000 after purchasing an additional 160 shares in the last quarter. Finally, Personal CFO Solutions LLC grew its stake in Xcel Energy by 2.8% during the 4th quarter. Personal CFO Solutions LLC now owns 5,934 shares of the company’s stock worth $401,000 after purchasing an additional 163 shares in the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Stock Down 0.6%

Xcel Energy stock opened at $69.35 on Wednesday. Xcel Energy Inc. has a fifty-two week low of $51.97 and a fifty-two week high of $73.38. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. The company has a market capitalization of $40.00 billion, a P/E ratio of 20.16, a PEG ratio of 2.62 and a beta of 0.38. The stock has a 50-day simple moving average of $69.91 and a 200-day simple moving average of $68.97.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Thursday, April 24th. The company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.11). Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. The firm had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.93 billion. During the same period in the previous year, the firm posted $0.88 earnings per share. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. Equities research analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 30th. Stockholders of record on Friday, June 13th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.29%. The ex-dividend date is Friday, June 13th. Xcel Energy’s payout ratio is currently 67.06%.

Analyst Upgrades and Downgrades

Several research firms recently commented on XEL. Evercore ISI boosted their target price on Xcel Energy from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Monday, April 28th. Wall Street Zen downgraded Xcel Energy from a “hold” rating to a “sell” rating in a report on Tuesday, May 20th. Wells Fargo & Company set a $78.00 price target on Xcel Energy and gave the stock an “overweight” rating in a report on Friday, April 25th. BMO Capital Markets lifted their price target on Xcel Energy from $69.00 to $73.00 and gave the stock a “market perform” rating in a report on Wednesday, April 23rd. Finally, Morgan Stanley set a $78.00 price target on Xcel Energy and gave the stock an “equal weight” rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $75.90.

Insider Activity

In related news, Director Devin W. Stockfish acquired 2,170 shares of Xcel Energy stock in a transaction on Tuesday, March 11th. The stock was purchased at an average cost of $68.93 per share, with a total value of $149,578.10. Following the purchase, the director now directly owns 3,007 shares in the company, valued at approximately $207,272.51. The trade was a 259.26% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.09% of the company’s stock.

Xcel Energy Profile

Xcel Energy Inc, through its subsidiaries, engages in the generation, purchasing, transmission, distribution, and sale of electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through wind, nuclear, hydroelectric, biomass, and solar energy sources, as well as coal, natural gas, oil, wood, and refuse-derived fuels.