Principal Securities Inc. Acquires Shares of 14,465 Xcel Energy Inc. (NASDAQ:XEL)

Principal Securities Inc. bought a new position in Xcel Energy Inc. (NASDAQ:XELFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,465 shares of the company’s stock, valued at approximately $896,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Xcel Energy during the 4th quarter worth about $25,000. Criterion Capital Advisors LLC acquired a new stake in Xcel Energy in the fourth quarter valued at approximately $25,000. Pacific Capital Wealth Advisors Inc. purchased a new stake in shares of Xcel Energy in the fourth quarter valued at approximately $25,000. Capital Analysts LLC raised its stake in shares of Xcel Energy by 293.6% during the 4th quarter. Capital Analysts LLC now owns 433 shares of the company’s stock worth $26,000 after buying an additional 323 shares during the period. Finally, Royal London Asset Management Ltd. purchased a new position in shares of Xcel Energy during the 3rd quarter valued at approximately $27,000. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Stock Performance

XEL opened at $55.46 on Monday. The stock has a market capitalization of $30.82 billion, a PE ratio of 16.65, a P/E/G ratio of 2.43 and a beta of 0.36. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $69.14. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.74 and a current ratio of 0.86. The business’s 50 day moving average price is $53.21 and its 200 day moving average price is $57.77.

Xcel Energy (NASDAQ:XELGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.80 by $0.08. The business had revenue of $3.65 billion for the quarter, compared to analyst estimates of $4.12 billion. Xcel Energy had a return on equity of 11.03% and a net margin of 13.36%. The company’s quarterly revenue was down 10.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.76 EPS. As a group, equities research analysts expect that Xcel Energy Inc. will post 3.56 EPS for the current year.

Xcel Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, April 20th. Shareholders of record on Friday, March 15th were given a dividend of $0.548 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Xcel Energy’s previous quarterly dividend of $0.52. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.95%. Xcel Energy’s dividend payout ratio (DPR) is currently 65.77%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. KeyCorp reduced their target price on Xcel Energy from $68.00 to $65.00 and set an “overweight” rating for the company in a report on Friday, April 19th. Wolfe Research raised shares of Xcel Energy from a “peer perform” rating to an “outperform” rating and set a $58.00 target price on the stock in a research note on Monday, March 11th. Royal Bank of Canada increased their target price on shares of Xcel Energy from $67.00 to $68.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 30th. StockNews.com upgraded shares of Xcel Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Finally, Evercore ISI increased their price objective on shares of Xcel Energy from $54.00 to $59.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $62.83.

Get Our Latest Analysis on Xcel Energy

About Xcel Energy

(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.

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Institutional Ownership by Quarter for Xcel Energy (NASDAQ:XEL)

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