2,584 Shares in Xcel Energy Inc. (NASDAQ:XEL) Purchased by EntryPoint Capital LLC

EntryPoint Capital LLC acquired a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,584 shares of the company’s stock, valued at approximately $139,000.

Other large investors also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC bought a new position in shares of Xcel Energy during the fourth quarter worth about $25,000. Criterion Capital Advisors LLC acquired a new stake in shares of Xcel Energy in the fourth quarter valued at approximately $25,000. Pacific Capital Wealth Advisors Inc. bought a new stake in shares of Xcel Energy during the fourth quarter valued at approximately $25,000. Heritage Wealth Advisors bought a new position in Xcel Energy in the 4th quarter worth approximately $25,000. Finally, Capital Analysts LLC increased its position in Xcel Energy by 293.6% in the 4th quarter. Capital Analysts LLC now owns 433 shares of the company’s stock valued at $26,000 after acquiring an additional 323 shares during the period. Institutional investors own 78.38% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on XEL shares. Bank of America increased their price target on Xcel Energy from $63.00 to $66.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. KeyCorp cut their target price on Xcel Energy from $68.00 to $65.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. Barclays lifted their price target on Xcel Energy from $56.00 to $57.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. Evercore ISI raised their target price on Xcel Energy from $54.00 to $59.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, Morgan Stanley dropped their price target on shares of Xcel Energy from $65.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Monday, June 24th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $62.00.

Xcel Energy Stock Up 1.1 %

Shares of XEL stock traded up $0.61 on Friday, reaching $57.48. 710,785 shares of the company’s stock traded hands, compared to its average volume of 4,489,662. The company has a market capitalization of $31.94 billion, a P/E ratio of 17.10, a price-to-earnings-growth ratio of 2.48 and a beta of 0.37. Xcel Energy Inc. has a 12-month low of $46.79 and a 12-month high of $64.77. 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 $54.28 and its two-hundred day moving average price is $55.31.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.08. Xcel Energy had a net margin of 13.36% and a return on equity of 11.03%. The firm had revenue of $3.65 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same quarter in the prior year, the business earned $0.76 EPS. The company’s revenue for the quarter was down 10.6% compared to the same quarter last year. On average, equities analysts forecast that Xcel Energy Inc. will post 3.55 earnings per share for the current year.

Xcel Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, July 20th. Investors of record on Friday, June 14th were given a dividend of $0.5475 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $2.19 dividend on an annualized basis and a yield of 3.81%. Xcel Energy’s payout ratio is 65.77%.

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.