Xcel Energy Inc. (NASDAQ:XEL) Stake Boosted by Midwest Professional Planners LTD.

Midwest Professional Planners LTD. boosted its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 23.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,964 shares of the company’s stock after purchasing an additional 2,055 shares during the period. Midwest Professional Planners LTD.’s holdings in Xcel Energy were worth $776,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV grew its holdings in shares of Xcel Energy by 23.2% in 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 during the last quarter. Conning Inc. raised its holdings in Xcel Energy by 4.1% during the 1st quarter. Conning Inc. now owns 4,400 shares of the company’s stock worth $311,000 after buying an additional 172 shares during the period. RWA Wealth Partners LLC raised its holdings in shares of Xcel Energy by 3.5% in the fourth quarter. RWA Wealth Partners LLC now owns 5,155 shares of the company’s stock valued at $348,000 after purchasing an additional 176 shares during the last quarter. Redhawk Wealth Advisors Inc. grew its position in shares of Xcel Energy by 4.3% in the 1st quarter. Redhawk Wealth Advisors Inc. now owns 4,406 shares of the company’s stock valued at $312,000 after acquiring an additional 182 shares during the period. Finally, Benjamin Edwards Inc. grew its position in shares of Xcel Energy by 1.1% in the 4th quarter. Benjamin Edwards Inc. now owns 16,605 shares of the company’s stock valued at $1,121,000 after acquiring an additional 183 shares during the period. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Stock Up 0.1%

Shares of XEL stock opened at $68.72 on Tuesday. Xcel Energy Inc. has a fifty-two week low of $52.97 and a fifty-two week high of $73.38. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.70 and a current ratio of 0.80. The firm has a market capitalization of $39.63 billion, a PE ratio of 20.21, a P/E/G ratio of 2.40 and a beta of 0.36. The stock’s 50-day simple moving average is $68.82 and its 200-day simple moving average is $68.62.

Xcel Energy (NASDAQ:XEL) last released 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). The firm had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.93 billion. Xcel Energy had a net margin of 14.10% and a return on equity of 10.20%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.88 EPS. Equities analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, July 20th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.28 annualized dividend and a yield of 3.32%. Xcel Energy’s dividend payout ratio (DPR) is 67.06%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on XEL shares. Barclays upped their price objective on Xcel Energy from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Tuesday, April 22nd. Morgan Stanley cut their target price on Xcel Energy from $78.00 to $77.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 18th. Wall Street Zen lowered Xcel Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, May 20th. BMO Capital Markets raised their target price on Xcel Energy from $69.00 to $73.00 and gave the company a “market perform” rating in a research report on Wednesday, April 23rd. Finally, UBS Group lifted their price objective on Xcel Energy from $73.00 to $77.00 and gave the stock a “neutral” rating in a report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $75.80.

Xcel Energy Company 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.