FSA Advisors Inc. Cuts Stock Position in Xcel Energy Inc. $XEL

FSA Advisors Inc. cut its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 77.8% in the first quarter, HoldingsChannel.com reports. The fund owned 3,354 shares of the company’s stock after selling 11,772 shares during the period. FSA Advisors Inc.’s holdings in Xcel Energy were worth $266,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in XEL. Quadrant Capital Group LLC increased its stake in shares of Xcel Energy by 1.7% during the third quarter. Quadrant Capital Group LLC now owns 7,358 shares of the company’s stock worth $593,000 after purchasing an additional 125 shares in the last quarter. Bleakley Financial Group LLC lifted its stake in Xcel Energy by 0.5% in the 4th quarter. Bleakley Financial Group LLC now owns 28,949 shares of the company’s stock valued at $2,138,000 after buying an additional 131 shares in the last quarter. Hills Bank & Trust Co boosted its holdings in Xcel Energy by 2.2% in the 4th quarter. Hills Bank & Trust Co now owns 6,184 shares of the company’s stock worth $457,000 after buying an additional 133 shares during the last quarter. Keel Point LLC boosted its holdings in Xcel Energy by 2.6% in the 4th quarter. Keel Point LLC now owns 5,485 shares of the company’s stock worth $405,000 after buying an additional 137 shares during the last quarter. Finally, GeoWealth Management LLC boosted its holdings in Xcel Energy by 4.8% in the 3rd quarter. GeoWealth Management LLC now owns 3,185 shares of the company’s stock worth $257,000 after buying an additional 145 shares during the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on XEL shares. Barclays increased their target price on Xcel Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. JPMorgan Chase & Co. lifted their price target on Xcel Energy from $91.00 to $102.00 and gave the stock an “overweight” rating in a research note on Thursday. BTIG Research reiterated a “buy” rating and set a $98.00 price target on shares of Xcel Energy in a research report on Friday, June 26th. New Street Research set a $91.00 price objective on Xcel Energy in a research note on Tuesday, June 23rd. Finally, Truist Financial raised their price objective on Xcel Energy from $92.00 to $94.00 and gave the company a “buy” rating in a report on Thursday. Two investment 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 company’s stock. Based on data from MarketBeat.com, Xcel Energy has a consensus rating of “Buy” and an average price target of $92.76.

Xcel Energy Stock Down 1.5%

Shares of NASDAQ XEL opened at $78.77 on Friday. Xcel Energy Inc. has a 12-month low of $69.16 and a 12-month high of $84.23. The stock has a market cap of $49.17 billion, a PE ratio of 22.70, a P/E/G ratio of 2.05 and a beta of 0.39. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 1.45. The company has a 50-day moving average of $79.56 and a 200 day moving average of $79.05.

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

Xcel Energy Announces Dividend

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