Cwm LLC Increases Position in Xcel Energy Inc. (NASDAQ:XEL)

Cwm LLC lifted its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 11.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 36,923 shares of the company’s stock after buying an additional 3,838 shares during the quarter. Cwm LLC’s holdings in Xcel Energy were worth $1,972,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Geneos Wealth Management Inc. lifted its position in Xcel Energy by 0.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 20,580 shares of the company’s stock valued at $1,274,000 after buying an additional 182 shares in the last quarter. Xponance Inc. lifted its position in Xcel Energy by 0.3% during the fourth quarter. Xponance Inc. now owns 70,411 shares of the company’s stock valued at $4,359,000 after buying an additional 198 shares in the last quarter. Epiq Partners LLC lifted its position in Xcel Energy by 0.7% during the first quarter. Epiq Partners LLC now owns 29,072 shares of the company’s stock valued at $1,563,000 after buying an additional 202 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in Xcel Energy by 1.3% during the first quarter. Avantax Advisory Services Inc. now owns 16,054 shares of the company’s stock valued at $863,000 after buying an additional 212 shares in the last quarter. Finally, Chicago Partners Investment Group LLC lifted its position in Xcel Energy by 3.7% during the fourth quarter. Chicago Partners Investment Group LLC now owns 6,249 shares of the company’s stock valued at $364,000 after buying an additional 222 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Price Performance

XEL stock traded down $0.40 during trading on Friday, hitting $57.75. The company had a trading volume of 375,238 shares, compared to its average volume of 4,425,649. The firm has a market capitalization of $32.09 billion, a price-to-earnings ratio of 17.46, a P/E/G ratio of 2.60 and a beta of 0.37. The business has a 50 day moving average of $55.01 and a 200 day moving average of $55.10. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $64.25. The company has a current ratio of 0.86, a quick ratio of 0.74 and a debt-to-equity ratio of 1.48.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.03). The company had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.29 billion. Xcel Energy had a return on equity of 11.00% and a net margin of 13.46%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.52 EPS. As a group, research analysts predict that Xcel Energy Inc. will post 3.55 earnings per share for the current year.

Xcel Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, October 20th. Investors of record on Friday, September 13th will be issued a $0.548 dividend. The ex-dividend date is Friday, September 13th. This represents a $2.19 annualized dividend and a yield of 3.80%. This is an increase from Xcel Energy’s previous quarterly dividend of $0.55. Xcel Energy’s dividend payout ratio is presently 65.77%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on XEL. Bank of America boosted their target price on shares of Xcel Energy from $63.00 to $66.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Evercore ISI boosted their target price on shares of Xcel Energy from $54.00 to $59.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Barclays boosted their target price on shares of Xcel Energy from $56.00 to $57.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. Morgan Stanley dropped their price target on shares of Xcel Energy from $65.00 to $62.00 and set an “equal weight” rating for the company in a research note on Monday, June 24th. Finally, KeyCorp dropped their price target on shares of Xcel Energy from $68.00 to $65.00 and set an “overweight” rating for the company in a research note on Friday, April 19th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Xcel Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.91.

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.