Xcel Energy Inc. $XEL Shares Bought by RIA Advisory Group LLC

RIA Advisory Group LLC grew its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 132.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,062 shares of the company’s stock after buying an additional 6,293 shares during the period. RIA Advisory Group LLC’s holdings in Xcel Energy were worth $892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Quadrant Capital Group LLC increased its holdings in shares of Xcel Energy by 1.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 7,358 shares of the company’s stock valued at $593,000 after acquiring an additional 125 shares during the last quarter. TIAA Trust National Association lifted its stake in Xcel Energy by 1.0% during the third quarter. TIAA Trust National Association now owns 12,683 shares of the company’s stock worth $1,022,000 after purchasing an additional 126 shares during the last quarter. Hanson & Doremus Investment Management lifted its stake in Xcel Energy by 9.1% during the third quarter. Hanson & Doremus Investment Management now owns 1,592 shares of the company’s stock worth $128,000 after purchasing an additional 133 shares during the last quarter. Segment Wealth Management LLC boosted its holdings in Xcel Energy by 2.2% in the third quarter. Segment Wealth Management LLC now owns 6,201 shares of the company’s stock valued at $500,000 after purchasing an additional 135 shares in the last quarter. Finally, Empirical Finance LLC increased its stake in Xcel Energy by 0.7% in the second quarter. Empirical Finance LLC now owns 19,196 shares of the company’s stock valued at $1,307,000 after purchasing an additional 140 shares during the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Stock Down 1.7%

XEL stock opened at $80.02 on Thursday. The company has a market cap of $49.92 billion, a P/E ratio of 23.40, a P/E/G ratio of 2.23 and a beta of 0.45. Xcel Energy Inc. has a 52 week low of $65.21 and a 52 week high of $84.23. The company’s 50-day moving average price is $78.84 and its 200 day moving average price is $77.91. The company has a current ratio of 0.71, a quick ratio of 0.60 and a debt-to-equity ratio of 1.35.

Xcel Energy (NASDAQ:XEL) last issued its earnings results on Wednesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.96. Xcel Energy had a net margin of 13.76% and a return on equity of 10.46%. The company had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same period last year, the company posted $0.81 earnings per share. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. On average, research analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 20th. Investors of record on Friday, March 13th will be paid a $0.5925 dividend. This represents a $2.37 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, March 13th. This is an increase from Xcel Energy’s previous quarterly dividend of $0.57. Xcel Energy’s dividend payout ratio (DPR) is 69.30%.

Analyst Ratings Changes

A number of analysts have weighed in on XEL shares. BMO Capital Markets reissued an “outperform” rating and set a $90.00 price objective on shares of Xcel Energy in a report on Friday, February 6th. Morgan Stanley set a $91.00 target price on shares of Xcel Energy in a research report on Friday, February 20th. Weiss Ratings lowered shares of Xcel Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 5th. JPMorgan Chase & Co. reduced their price target on shares of Xcel Energy from $90.00 to $87.00 and set an “overweight” rating for the company in a research report on Thursday, December 11th. Finally, Argus set a $86.00 price objective on shares of Xcel Energy in a research note on Thursday, March 12th. Three analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $88.44.

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.