Atria Wealth Solutions Inc. Has $1.12 Million Position in Xcel Energy Inc. (NASDAQ:XEL)

Atria Wealth Solutions Inc. increased its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 116.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,515 shares of the company’s stock after buying an additional 8,868 shares during the period. Atria Wealth Solutions Inc.’s holdings in Xcel Energy were worth $1,115,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. AMF Tjanstepension AB grew its position in shares of Xcel Energy by 185.2% in the 3rd quarter. AMF Tjanstepension AB now owns 34,960 shares of the company’s stock valued at $2,283,000 after buying an additional 22,701 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of Xcel Energy by 4.1% in the third quarter. Private Advisor Group LLC now owns 63,142 shares of the company’s stock worth $4,123,000 after acquiring an additional 2,490 shares during the period. International Assets Investment Management LLC boosted its holdings in Xcel Energy by 7,432.5% in the third quarter. International Assets Investment Management LLC now owns 506,488 shares of the company’s stock valued at $33,074,000 after acquiring an additional 499,764 shares during the last quarter. Ballentine Partners LLC increased its position in Xcel Energy by 6.5% during the 3rd quarter. Ballentine Partners LLC now owns 7,591 shares of the company’s stock valued at $496,000 after purchasing an additional 461 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Xcel Energy by 45.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 196,612 shares of the company’s stock worth $12,695,000 after purchasing an additional 61,369 shares during the period. 78.38% of the stock is owned by institutional investors.

Xcel Energy Trading Up 1.2 %

Shares of Xcel Energy stock opened at $70.78 on Tuesday. The stock has a market capitalization of $40.64 billion, a PE ratio of 20.58, a price-to-earnings-growth ratio of 2.62 and a beta of 0.43. Xcel Energy Inc. has a 52 week low of $46.79 and a 52 week high of $73.38. The stock has a 50 day moving average price of $67.15 and a two-hundred day moving average price of $65.82. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. As a group, equities analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Monday, January 6th were given a $0.5475 dividend. The ex-dividend date was Monday, January 6th. This represents a $2.19 annualized dividend and a yield of 3.09%. Xcel Energy’s dividend payout ratio is currently 63.66%.

Analyst Ratings Changes

Several research firms have recently weighed in on XEL. KeyCorp increased their price objective on shares of Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. upgraded Xcel Energy from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $69.00 to $80.00 in a report on Thursday, December 12th. Barclays dropped their price objective on Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 22nd. Jefferies Financial Group raised Xcel Energy from a “hold” rating to a “buy” rating and raised their target price for the stock from $71.00 to $76.00 in a research note on Friday, November 1st. Finally, Morgan Stanley dropped their price target on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Xcel Energy presently has an average rating of “Moderate Buy” and a consensus target price of $69.91.

Xcel Energy 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.