Xcel Energy Inc. $XEL Shares Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC grew its stake in Xcel Energy Inc. (NASDAQ:XEL) by 5.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 146,612 shares of the company’s stock after buying an additional 7,649 shares during the period. Wealthfront Advisers LLC’s holdings in Xcel Energy were worth $11,647,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Evolution Wealth Management Inc. grew its holdings in shares of Xcel Energy by 365.3% during the first quarter. Evolution Wealth Management Inc. now owns 349 shares of the company’s stock valued at $28,000 after buying an additional 274 shares during the last quarter. Abound Wealth Management increased its position in shares of Xcel Energy by 394.5% in the 4th quarter. Abound Wealth Management now owns 361 shares of the company’s stock valued at $27,000 after acquiring an additional 288 shares during the period. Garton & Associates Financial Advisors LLC purchased a new position in Xcel Energy in the 4th quarter worth $30,000. Beacon Financial Strategies CORP purchased a new position in Xcel Energy in the 4th quarter worth $33,000. Finally, Pittenger & Anderson Inc. lifted its position in Xcel Energy by 73.8% during the 4th quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock worth $35,000 after acquiring an additional 200 shares during the period. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

XEL has been the topic of several research analyst reports. UBS Group boosted their price target on Xcel Energy from $89.00 to $91.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Truist Financial raised their price objective on Xcel Energy from $92.00 to $94.00 and gave the stock a “buy” rating in a research note on Thursday. Barclays raised their price objective on Xcel Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Morgan Stanley set a $89.00 target price on Xcel Energy in a report on Wednesday, June 24th. Finally, Evercore reiterated an “outperform” rating and issued a $96.00 target price on shares of Xcel Energy in a research report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $92.76.

Xcel Energy Trading Down 1.5%

NASDAQ XEL opened at $78.77 on Friday. The company has a market capitalization of $49.17 billion, a PE ratio of 22.70, a P/E/G ratio of 2.08 and a beta of 0.39. The company has a fifty day moving average of $79.56 and a 200 day moving average of $79.05. Xcel Energy Inc. has a 1 year low of $69.16 and a 1 year high of $84.23. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.77 and a quick ratio of 0.68.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.91 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.91. The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.21 billion. Xcel Energy had a return on equity of 10.37% and a net margin of 14.14%.The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business posted $0.84 EPS. Research analysts forecast that Xcel Energy Inc. will post 4.11 earnings per share for the current year.

Xcel Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, June 15th will be issued a dividend of $0.5925 per share. This represents a $2.37 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Monday, June 15th. Xcel Energy’s dividend payout ratio (DPR) is 68.30%.

Xcel Energy Profile

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.