Anchor Capital Advisors LLC Has $25.82 Million Stock Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Anchor Capital Advisors LLC lowered its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 5.3% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 483,337 shares of the company’s stock after selling 27,252 shares during the period. Anchor Capital Advisors LLC owned about 0.09% of Xcel Energy worth $25,815,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Heritage Wealth Advisors bought a new position in Xcel Energy in the 4th quarter valued at approximately $25,000. Tidemark LLC acquired a new position in shares of Xcel Energy during the fourth quarter worth $29,000. TruNorth Capital Management LLC bought a new position in shares of Xcel Energy in the 2nd quarter valued at $30,000. American National Bank acquired a new stake in Xcel Energy in the second quarter valued at approximately $32,000. Finally, Quarry LP bought a new stake in shares of Xcel Energy during the fourth quarter valued at approximately $34,000. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Price Performance

Shares of NASDAQ XEL opened at $62.91 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.97 and a debt-to-equity ratio of 1.54. The company has a market capitalization of $34.96 billion, a PE ratio of 18.89, a PEG ratio of 2.70 and a beta of 0.38. The stock’s 50 day moving average price is $57.67 and its 200-day moving average price is $55.30. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $64.25.

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). Xcel Energy had a return on equity of 10.94% and a net margin of 13.46%. The business had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.29 billion. During the same period in the prior year, the firm posted $0.52 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities analysts anticipate that Xcel Energy Inc. will post 3.55 EPS 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 dividend of $0.548 per share. This represents a $2.19 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date is Friday, September 13th. This is an increase from Xcel Energy’s previous quarterly dividend of $0.55. Xcel Energy’s dividend payout ratio (DPR) is 65.77%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on XEL shares. Morgan Stanley lifted their price target 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. Wells Fargo & Company raised 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. Finally, Argus raised shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Monday, August 26th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $62.92.

Xcel Energy Company 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.