Xcel Energy Inc. (NASDAQ:XEL) Shares Purchased by Lindbrook Capital LLC

Lindbrook Capital LLC grew its position in Xcel Energy Inc. (NASDAQ:XEL) by 57.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,627 shares of the company’s stock after purchasing an additional 1,326 shares during the period. Lindbrook Capital LLC’s holdings in Xcel Energy were worth $225,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in XEL. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Xcel Energy in the 4th quarter worth approximately $25,000. Capital Analysts LLC raised its holdings in shares of Xcel Energy by 293.6% during the fourth quarter. Capital Analysts LLC now owns 433 shares of the company’s stock worth $26,000 after acquiring an additional 323 shares in the last quarter. Royal London Asset Management Ltd. bought a new stake in shares of Xcel Energy in the 3rd quarter valued at approximately $27,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Xcel Energy during the 3rd quarter worth $31,000. Finally, Operose Advisors LLC bought a new position in Xcel Energy during the third quarter valued at about $33,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Stock Up 0.4 %

NASDAQ XEL opened at $54.96 on Tuesday. The stock has a market capitalization of $30.53 billion, a P/E ratio of 17.12, a price-to-earnings-growth ratio of 2.55 and a beta of 0.36. Xcel Energy Inc. has a 52 week low of $46.79 and a 52 week high of $71.32. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.59 and a current ratio of 0.72. The stock has a fifty day moving average of $54.08 and a 200-day moving average of $58.15.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings results on Thursday, January 25th. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.02). Xcel Energy had a net margin of 12.47% and a return on equity of 10.78%. The firm had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the prior year, the business earned $0.69 EPS. Xcel Energy’s revenue was down 15.1% on a year-over-year basis. On average, equities research analysts forecast that Xcel Energy Inc. will post 3.56 EPS for the current year.

Xcel Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, April 20th. Investors of record on Friday, March 15th were issued a $0.548 dividend. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.52. This represents a $2.19 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend was Thursday, March 14th. Xcel Energy’s dividend payout ratio is currently 68.22%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on XEL shares. Wells Fargo & Company raised their target price on shares of Xcel Energy from $63.00 to $64.00 and gave the company an “equal weight” rating in a research note on Friday, January 26th. TheStreet lowered Xcel Energy from a “b-” rating to a “c+” rating in a research note on Thursday, March 14th. StockNews.com cut shares of Xcel Energy from a “hold” rating to a “sell” rating in a research note on Saturday. Barclays upgraded Xcel Energy from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $61.00 to $54.00 in a research note on Monday, March 11th. Finally, Royal Bank of Canada raised their target price on Xcel Energy from $67.00 to $68.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $62.83.

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.