Coastal Bridge Advisors LLC Invests $249,000 in Xcel Energy Inc. (NASDAQ:XEL)

Coastal Bridge Advisors LLC bought a new position in shares of Xcel Energy Inc. (NASDAQ:XEL) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,518 shares of the company’s stock, valued at approximately $249,000.

Several other large investors also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC lifted its position in shares of Xcel Energy by 18.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 472,344 shares of the company’s stock worth $33,437,000 after buying an additional 73,036 shares during the last quarter. Navellier & Associates Inc. bought a new stake in shares of Xcel Energy during the 1st quarter worth $2,735,000. J.W. Cole Advisors Inc. bought a new stake in shares of Xcel Energy during the 1st quarter worth $905,000. Financial Gravity Asset Management Inc. bought a new stake in shares of Xcel Energy during the 1st quarter worth $329,000. Finally, Pinnacle Financial Partners Inc bought a new stake in shares of Xcel Energy during the 1st quarter worth $267,000. 78.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on XEL. Wells Fargo & Company set a $78.00 target price on Xcel Energy and gave the company an “overweight” rating in a research report on Friday, April 25th. BMO Capital Markets increased their target price on Xcel Energy from $69.00 to $73.00 and gave the company a “market perform” rating in a research report on Wednesday, April 23rd. Morgan Stanley dropped their target price on Xcel Energy from $78.00 to $77.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 18th. Barclays increased their target price on Xcel Energy from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, April 22nd. Finally, Wall Street Zen downgraded Xcel Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Xcel Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.80.

Xcel Energy Trading Up 0.1%

Shares of XEL stock opened at $72.39 on Thursday. The stock has a market cap of $41.75 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 2.44 and a beta of 0.36. The stock has a 50-day moving average of $69.02 and a 200-day moving average of $69.00. The company has a current ratio of 0.80, a quick ratio of 0.70 and a debt-to-equity ratio of 1.48. Xcel Energy Inc. has a 1-year low of $56.69 and a 1-year high of $73.56.

Xcel Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Monday, September 15th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.15%. Xcel Energy’s payout ratio is 67.06%.

Xcel Energy Company Profile

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.