4,113 Shares in Xcel Energy Inc. (NASDAQ:XEL) Acquired by My Legacy Advisors LLC

My Legacy Advisors LLC bought a new position in shares of Xcel Energy Inc. (NASDAQ:XEL) during the first quarter, Holdings Channel.com reports. The fund bought 4,113 shares of the company’s stock, valued at approximately $291,000.

A number of other large investors have also recently made changes to their positions in XEL. Sierra Ocean LLC purchased a new stake in shares of Xcel Energy during the fourth quarter worth approximately $26,000. Fairway Wealth LLC purchased a new stake in shares of Xcel Energy during the fourth quarter worth approximately $27,000. Rothschild Investment LLC increased its stake in shares of Xcel Energy by 26.0% during the fourth quarter. Rothschild Investment LLC now owns 731 shares of the company’s stock worth $49,000 after buying an additional 151 shares during the period. Itau Unibanco Holding S.A. purchased a new position in Xcel Energy in the fourth quarter valued at approximately $52,000. Finally, Creative Financial Designs Inc. ADV increased its stake in Xcel Energy by 23.2% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 827 shares of the company’s stock valued at $56,000 after purchasing an additional 156 shares during the last quarter. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Xcel Energy Stock Performance

Shares of XEL opened at $68.25 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. The firm has a market cap of $39.36 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 2.62 and a beta of 0.37. The company’s 50 day simple moving average is $69.69 and its 200-day simple moving average is $68.90. Xcel Energy Inc. has a 12-month low of $51.97 and a 12-month high of $73.38.

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

Xcel Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, July 20th. Investors of record on Friday, June 13th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend is Friday, June 13th. Xcel Energy’s dividend payout ratio is presently 67.06%.

Analyst Upgrades and Downgrades

Several brokerages have commented on XEL. Wall Street Zen lowered shares of Xcel Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, May 20th. Wells Fargo & Company set a $78.00 price target on shares of Xcel Energy and gave the company an “overweight” rating in a research note on Friday, April 25th. Morgan Stanley set a $78.00 price target on shares of Xcel Energy and gave the company an “equal weight” rating in a research note on Thursday, May 22nd. BMO Capital Markets increased their price target on shares of Xcel Energy from $69.00 to $73.00 and gave the company a “market perform” rating in a research note on Wednesday, April 23rd. Finally, UBS Group increased their price target on shares of Xcel Energy from $73.00 to $77.00 and gave the company a “neutral” rating in a research note on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Xcel Energy currently has an average rating of “Moderate Buy” and an average target price of $75.90.

About Xcel Energy

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.