2 weeks Ago By ABMN Staff
HBK Sorce Advisory LLC purchased a new position in shares of Xcel Energy Inc. ( NASDAQ:XEL – Free Report ) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,984 shares of the company’s stock, valued at approximately $266,000.
Several other hedge funds have also recently modified their holdings of the stock. Heritage Wealth Advisors purchased a new position in Xcel Energy in the 4th quarter worth $25,000. Tidemark LLC purchased a new position in shares of Xcel Energy in the fourth quarter worth about $29,000.
TruNorth Capital Management LLC acquired a new stake in shares of Xcel Energy during the second quarter worth about $30,000. American National Bank purchased a new stake in Xcel Energy in the second quarter valued at approximately $32,000. Finally, Quarry LP acquired a new position in Xcel Energy in the 4th quarter worth approximately $34,000.
Institutional investors and hedge funds own 78.38% of the company’s stock. Xcel Energy Price Performance Shares of Xcel Energy stock opened at $63.
84 on Monday. The firm has a market cap of $35.47 billion, a PE ratio of 19.
17, a P/E/G ratio of 2.81 and a beta of 0.38.
The business has a 50-day moving average price of $58.77 and a 200 day moving average price of $55.46.
The company has a quick ratio of 0.86, a current ratio of 0.97 and a debt-to-equity ratio of 1.
54. Xcel Energy Inc. has a twelve month low of $46.
79 and a twelve month high of $64.43. Xcel Energy Increases Dividend The business also recently announced a quarterly dividend, which will be paid on Sunday, October 20th.
Stockholders of record on Friday, September 13th will be given a $0.548 dividend. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.
55. The ex-dividend date of this dividend is Friday, September 13th. This represents a $2.
19 annualized dividend and a dividend yield of 3.43%. Xcel Energy’s dividend payout ratio (DPR) is 65.
77%. Analyst Ratings Changes Several brokerages have commented on XEL. Wells Fargo & Company lifted their price objective on shares of Xcel Energy from $57.
00 to $63.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Morgan Stanley boosted their target price on shares of Xcel Energy from $62.
00 to $68.00 and gave the company an “equal weight” rating in a research report on Friday, August 23rd. Finally, Argus raised Xcel Energy from a “hold” rating to a “buy” rating and set a $68.
00 price target on the stock in a research report on Monday, August 26th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $62.
92. Check Out Our Latest Report on XEL Xcel Energy Company Profile ( 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. Recommended Stories Want to see what other hedge funds are holding XEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xcel Energy Inc.
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