Xcel Energy Inc. (NASDAQ:XEL) Shares Acquired by Continuum Advisory LLC

Continuum Advisory LLC boosted its stake in Xcel Energy Inc. (NASDAQ:XEL) by 150.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,548 shares of the company’s stock after acquiring an additional 931 shares during the quarter. Continuum Advisory LLC’s holdings in Xcel Energy were worth $110,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC grew its position in shares of Xcel Energy by 18.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 472,344 shares of the company’s stock valued at $33,437,000 after purchasing an additional 73,036 shares during the period. Jones Financial Companies Lllp boosted its holdings in Xcel Energy by 35.8% in the 4th quarter. Jones Financial Companies Lllp now owns 14,825 shares of the company’s stock worth $1,001,000 after buying an additional 3,905 shares during the last quarter. UniSuper Management Pty Ltd boosted its holdings in Xcel Energy by 22.3% in the 4th quarter. UniSuper Management Pty Ltd now owns 49,882 shares of the company’s stock worth $3,368,000 after buying an additional 9,110 shares during the last quarter. True Link Financial Advisors LLC purchased a new stake in Xcel Energy during the 1st quarter worth approximately $271,000. Finally, Ethic Inc. raised its holdings in shares of Xcel Energy by 55.0% during the fourth quarter. Ethic Inc. now owns 23,030 shares of the company’s stock valued at $1,555,000 after acquiring an additional 8,168 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Wall Street Analyst Weigh In

XEL has been the subject of several research reports. Evercore ISI boosted their price target on Xcel Energy from $74.00 to $77.00 and gave the stock an “outperform” rating in a research report on Monday, April 28th. Barclays increased their target price on shares of Xcel Energy from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, April 22nd. Wells Fargo & Company set a $78.00 price objective on shares of Xcel Energy and gave the company an “overweight” rating in a research note on Friday, April 25th. BMO Capital Markets raised their target price on shares of Xcel Energy from $69.00 to $73.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 23rd. Finally, UBS Group upped their price target on Xcel Energy from $73.00 to $77.00 and gave the company a “neutral” rating in a research report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Xcel Energy currently has an average rating of “Moderate Buy” and a consensus target price of $75.80.

Xcel Energy Trading Down 1.3%

Shares of Xcel Energy stock opened at $67.32 on Thursday. The stock has a 50 day moving average of $69.40 and a 200 day moving average of $68.60. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.70 and a current ratio of 0.80. The firm has a market capitalization of $38.83 billion, a price-to-earnings ratio of 19.80, a PEG ratio of 2.38 and a beta of 0.37. Xcel Energy Inc. has a fifty-two week low of $51.97 and a fifty-two week high of $73.38.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.11). The business had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.93 billion. Xcel Energy had a return on equity of 10.20% and a net margin of 14.10%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.88 earnings per share. As a group, research analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, July 20th. Shareholders of record on Friday, June 13th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date is Friday, June 13th. Xcel Energy’s payout ratio is 67.06%.

About Xcel Energy

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.