Xcel Energy Inc. $XEL Shares Bought by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC lifted its position in Xcel Energy Inc. (NASDAQ:XEL) by 137.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,222 shares of the company’s stock after buying an additional 7,660 shares during the period. Foundations Investment Advisors LLC’s holdings in Xcel Energy were worth $1,066,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of XEL. AE Wealth Management LLC raised its position in Xcel Energy by 7.6% in the third quarter. AE Wealth Management LLC now owns 26,175 shares of the company’s stock worth $2,111,000 after acquiring an additional 1,839 shares in the last quarter. LRI Investments LLC grew its stake in shares of Xcel Energy by 9.2% in the 3rd quarter. LRI Investments LLC now owns 2,259 shares of the company’s stock worth $182,000 after purchasing an additional 191 shares during the last quarter. Fidelis Capital Partners LLC raised its holdings in shares of Xcel Energy by 120.1% in the 3rd quarter. Fidelis Capital Partners LLC now owns 7,504 shares of the company’s stock worth $605,000 after purchasing an additional 4,094 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Xcel Energy by 0.7% during the third quarter. Bank of New York Mellon Corp now owns 3,560,698 shares of the company’s stock valued at $287,170,000 after purchasing an additional 24,256 shares during the last quarter. Finally, Ballentine Partners LLC boosted its holdings in Xcel Energy by 2.3% during the third quarter. Ballentine Partners LLC now owns 8,041 shares of the company’s stock worth $649,000 after buying an additional 183 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Up 0.1%

Shares of Xcel Energy stock opened at $76.06 on Friday. Xcel Energy Inc. has a 1 year low of $65.21 and a 1 year high of $83.01. The company has a market cap of $44.99 billion, a P/E ratio of 23.19, a P/E/G ratio of 2.08 and a beta of 0.46. The company has a current ratio of 0.79, a quick ratio of 0.69 and a debt-to-equity ratio of 1.51. The stock has a 50-day moving average price of $75.75 and a 200 day moving average price of $76.05.

Xcel Energy (NASDAQ:XEL) last issued its earnings results on Wednesday, October 29th. The company reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.08). The business had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.89 billion. Xcel Energy had a net margin of 13.46% and a return on equity of 10.45%. Xcel Energy’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.25 EPS. As a group, analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 20th. Stockholders of record on Monday, December 29th were paid a $0.57 dividend. The ex-dividend date of this dividend was Monday, December 29th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.0%. Xcel Energy’s dividend payout ratio is 69.51%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. KeyCorp dropped their price target on Xcel Energy from $85.00 to $84.00 and set an “overweight” rating on the stock in a report on Friday, December 12th. Citigroup lifted their target price on Xcel Energy from $80.00 to $92.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Evercore ISI assumed coverage on Xcel Energy in a report on Monday, October 6th. They set an “outperform” rating and a $92.00 target price for the company. BTIG Research set a $94.00 price target on Xcel Energy in a research note on Friday. Finally, Jefferies Financial Group boosted their price objective on Xcel Energy from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $87.40.

Xcel Energy Company 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.