Checchi Capital Advisers LLC lowered its position in Xcel Energy Inc. (NASDAQ:XEL – Free Report) by 3.2% in the second quarter, HoldingsChannel.com reports. The fund owned 7,459 shares of the company’s stock after selling 244 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Xcel Energy were worth $464,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Quilter Plc bought a new position in Xcel Energy in the 1st quarter worth approximately $255,201,000. Graham Capital Wealth Management LLC bought a new position in Xcel Energy in the 1st quarter worth approximately $241,435,000. Strategic Investment Solutions Inc. IL bought a new position in Xcel Energy in the 1st quarter worth approximately $27,000. ZRC Wealth Management LLC bought a new position in Xcel Energy in the 1st quarter worth approximately $33,000. Finally, Quarry LP raised its position in Xcel Energy by 114.5% in the 1st quarter. Quarry LP now owns 532 shares of the company’s stock worth $36,000 after purchasing an additional 284 shares during the last quarter. Institutional investors own 77.83% of the company’s stock.
Xcel Energy Trading Down 0.2 %
Shares of XEL stock opened at $60.56 on Friday. The firm has a 50 day moving average price of $58.69 and a two-hundred day moving average price of $61.28. The company has a quick ratio of 0.73, a current ratio of 0.87 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $33.42 billion, a PE ratio of 19.16, a price-to-earnings-growth ratio of 2.96 and a beta of 0.43. Xcel Energy Inc. has a 12-month low of $53.73 and a 12-month high of $72.99.
Xcel Energy (NASDAQ:XEL – Get Free Report) last released its quarterly earnings results on Friday, October 27th. The company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.03). Xcel Energy had a net margin of 11.75% and a return on equity of 10.44%. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.98 billion. During the same quarter in the previous year, the firm posted $1.18 earnings per share. The firm’s quarterly revenue was down 10.3% on a year-over-year basis. As a group, analysts predict that Xcel Energy Inc. will post 3.35 earnings per share for the current year.
Xcel Energy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, September 15th were given a $0.52 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.43%. Xcel Energy’s payout ratio is 65.82%.
Analyst Ratings Changes
Several research analysts recently weighed in on the stock. Evercore ISI dropped their price objective on shares of Xcel Energy from $66.00 to $62.00 and set an “outperform” rating for the company in a research report on Friday, September 15th. Mizuho dropped their target price on shares of Xcel Energy from $69.00 to $62.00 and set a “buy” rating for the company in a research report on Tuesday, October 24th. Barclays dropped their target price on shares of Xcel Energy from $60.00 to $57.00 and set an “equal weight” rating for the company in a research report on Monday, October 9th. Bank of America upgraded shares of Xcel Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $58.00 to $66.00 in a research report on Friday, October 6th. Finally, Royal Bank of Canada dropped their target price on shares of Xcel Energy from $76.00 to $67.00 and set a “sector perform” rating for the company in a research report on Wednesday, September 6th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $65.00.
View Our Latest Stock Analysis on Xcel Energy
Xcel Energy Profile
Xcel Energy Inc, through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources.
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