Xcel Energy Inc. (NASDAQ:XEL) Shares Sold by Beacon Pointe Advisors LLC
Beacon Pointe Advisors LLC decreased its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL – Free Report) by 5.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,952 shares of the company’s stock after selling 1,553 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in Xcel Energy were worth $1,669,000 as of its most recent SEC filing. A number of other hedge funds and other institutional investors have also made changes to their positions in XEL. Asset Management One Co. Ltd. lifted its position in Xcel Energy by 2.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 298,074 shares of the company’s stock valued at $18,448,000 after buying an additional 7,679 shares in the last quarter. Principal Securities Inc. purchased a new position in Xcel Energy in the fourth quarter valued at about $896,000. Kayne Anderson Capital Advisors LP boosted its position in shares of Xcel Energy by 3.7% in the fourth quarter. Kayne Anderson Capital Advisors LP now owns 325,159 shares of the company’s stock worth $20,131,000 after buying an additional 11,709 shares during the period. Pacer Advisors Inc. grew its stake in shares of Xcel Energy by 47.7% in the fourth quarter. Pacer Advisors Inc. now owns 115,016 shares of the company’s stock valued at $7,121,000 after buying an additional 37,131 shares in the last quarter. Finally, Seven Eight Capital LP raised its holdings in shares of Xcel Energy by 930.5% during the 3rd quarter. Seven Eight Capital LP now owns 45,918 shares of the company’s stock valued at $2,627,000 after buying an additional 41,462 shares during the period. Hedge funds and other institutional investors own 78.38% of the company’s stock. Wall Street Analysts Forecast Growth XEL has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Xcel Energy from $68.00 to $59.00 and set a “neutral” rating for the company in a research report on Wednesday, March 13th. StockNews.com upgraded Xcel Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. TheStreet cut shares of Xcel Energy from a “b-” rating to a “c+” rating in a research report on Thursday, March 14th. Evercore ISI boosted their price objective on Xcel Energy from $54.00 to $59.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, Royal Bank of Canada increased their target price on Xcel Energy from $67.00 to $68.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 30th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $62.83. Get Our Latest Research Report on XEL Xcel Energy Stock Performance Shares of XEL opened at $55.52 on Monday. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $66.52. The company has a 50-day moving average of $53.80 and a two-hundred day moving average of $57.63. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.86 and a quick ratio of 0.74. The stock has a market cap of $30.85 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 2.44 and a beta of 0.36. Xcel Energy (NASDAQ:XEL – Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.80 by $0.08. The business had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Xcel Energy had a net margin of 13.36% and a return on equity of 11.03%. The firm’s quarterly revenue was down 10.6% compared to the same quarter last year. During the same period last year, the company posted $0.76 earnings per share. On average, equities research analysts expect that Xcel Energy Inc. will post 3.56 earnings per share for the current year. Xcel Energy Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Saturday, April 20th. Stockholders of record on Friday, March 15th were given a $0.548 dividend. This is an increase from Xcel Energy’s previous quarterly dividend of $0.52. This represents a $2.19 annualized dividend and a dividend yield of 3.95%. The ex-dividend date of this dividend was Thursday, March 14th. Xcel Energy’s dividend payout ratio (DPR) is currently 65.77%. Xcel Energy Company Profile (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. Read More Five stocks we like better than Xcel Energy What Do S&P 500 Stocks Tell Investors About the Market? Canada Goose Flies Higher Driven By DTC Growth What is a Special Dividend? CVS Health Stock Has a Silver Lining Called Value How to invest in blue chip stocks Magnificent 7 Still Magnificent as the Halfway Mark Approaches? Want to see what other hedge funds are holding XEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xcel Energy Inc. (NASDAQ:XEL – Free Report).
