14,343 Shares in Xcel Energy Inc. (NASDAQ:XEL) Purchased by Simplicity Wealth LLC

Simplicity Wealth LLC bought a new position in shares of Xcel Energy Inc. (NASDAQ:XELFree Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 14,343 shares of the company’s stock, valued at approximately $771,000.

A number of other institutional investors also recently added to or reduced their stakes in XEL. Turtle Creek Wealth Advisors LLC acquired a new stake in Xcel Energy during the fourth quarter valued at approximately $25,000. Criterion Capital Advisors LLC acquired a new stake in Xcel Energy during the fourth quarter valued at approximately $25,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in Xcel Energy during the fourth quarter valued at approximately $25,000. Heritage Wealth Advisors acquired a new stake in Xcel Energy during the fourth quarter valued at approximately $25,000. Finally, Capital Analysts LLC boosted its holdings in Xcel Energy by 293.6% during the fourth quarter. Capital Analysts LLC now owns 433 shares of the company’s stock valued at $26,000 after purchasing an additional 323 shares in the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on XEL. Royal Bank of Canada lifted their price objective on Xcel Energy from $67.00 to $68.00 and gave the company a “sector perform” rating in a report on Tuesday, January 30th. KeyCorp reduced their target price on Xcel Energy from $68.00 to $65.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. Barclays boosted their target price on Xcel Energy from $56.00 to $57.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. TheStreet downgraded Xcel Energy from a “b-” rating to a “c+” rating in a report on Thursday, March 14th. Finally, Wells Fargo & Company boosted their target price on Xcel Energy from $63.00 to $64.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Xcel Energy currently has an average rating of “Moderate Buy” and an average target price of $62.83.

Get Our Latest Stock Report on Xcel Energy

Xcel Energy Trading Up 1.0 %

XEL stock traded up $0.55 during trading on Monday, hitting $56.07. The company had a trading volume of 3,694,232 shares, compared to its average volume of 5,160,524. The company has a quick ratio of 0.74, a current ratio of 0.86 and a debt-to-equity ratio of 1.48. The firm has a 50-day moving average price of $53.86 and a 200-day moving average price of $57.59. Xcel Energy Inc. has a 12 month low of $46.79 and a 12 month high of $66.52. The stock has a market cap of $31.15 billion, a price-to-earnings ratio of 16.84, a PEG ratio of 2.44 and a beta of 0.36.

Xcel Energy (NASDAQ:XELGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.08. Xcel Energy had a net margin of 13.36% and a return on equity of 11.03%. The firm had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter in the previous year, the company posted $0.76 EPS. Xcel Energy’s revenue was down 10.6% on a year-over-year basis. As a group, analysts predict that Xcel Energy Inc. will post 3.56 earnings per share for the current year.

Xcel Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, April 20th. Shareholders of record on Friday, March 15th were given a dividend of $0.548 per share. This is a boost from Xcel Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $2.19 annualized dividend and a dividend yield of 3.91%. Xcel Energy’s payout ratio is presently 65.77%.

About Xcel Energy

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Xcel Energy (NASDAQ:XEL)

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