Nvwm LLC Buys 24,875 Shares of Xcel Energy Inc. $XEL

Nvwm LLC grew its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 113,068.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,897 shares of the company’s stock after buying an additional 24,875 shares during the period. Nvwm LLC’s holdings in Xcel Energy were worth $2,008,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XEL. Twin Peaks Wealth Advisors LLC purchased a new position in Xcel Energy during the second quarter valued at approximately $25,000. Clearstead Trust LLC raised its position in shares of Xcel Energy by 202.2% during the 2nd quarter. Clearstead Trust LLC now owns 417 shares of the company’s stock valued at $28,000 after purchasing an additional 279 shares during the period. Rise Advisors LLC raised its position in shares of Xcel Energy by 62.9% during the 2nd quarter. Rise Advisors LLC now owns 518 shares of the company’s stock valued at $35,000 after purchasing an additional 200 shares during the period. Marshall & Sullivan Inc. WA purchased a new position in shares of Xcel Energy during the 2nd quarter valued at $44,000. Finally, RMG Wealth Management LLC bought a new position in Xcel Energy in the 2nd quarter worth $46,000. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Stock Performance

NASDAQ XEL opened at $74.42 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.79 and a quick ratio of 0.69. Xcel Energy Inc. has a 1-year low of $62.58 and a 1-year high of $83.01. The business has a 50 day simple moving average of $78.56 and a two-hundred day simple moving average of $74.75. The stock has a market capitalization of $44.02 billion, a PE ratio of 22.69, a P/E/G ratio of 2.19 and a beta of 0.45.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Wednesday, October 29th. The company reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). Xcel Energy had a net margin of 13.46% and a return on equity of 10.45%. The firm had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the prior year, the company posted $1.25 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year. On average, research analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 20th. Shareholders of record on Monday, December 29th will be given a dividend of $0.57 per share. The ex-dividend date is Monday, December 29th. This represents a $2.28 annualized dividend and a yield of 3.1%. Xcel Energy’s dividend payout ratio (DPR) is 69.51%.

Analyst Upgrades and Downgrades

XEL has been the subject of a number of analyst reports. TD Cowen started coverage on Xcel Energy in a research note on Thursday, October 16th. They issued a “buy” rating and a $93.00 price target for the company. Mizuho increased their target price on Xcel Energy from $83.00 to $87.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. KeyCorp decreased their target price on Xcel Energy from $85.00 to $84.00 and set an “overweight” rating on the stock in a research note on Friday, December 12th. Bank of America upped their price target on Xcel Energy from $78.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, September 25th. Finally, Jefferies Financial Group increased their price objective on shares of Xcel Energy from $84.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 16th. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $87.29.

About Xcel Energy

Xcel Energy (NASDAQ: XEL) is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company’s core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.

Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.