2,018 Shares in Xcel Energy Inc. (NASDAQ:XEL) Purchased by Scarborough Advisors LLC

Scarborough Advisors LLC acquired a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,018 shares of the company’s stock, valued at approximately $125,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P grew its holdings in Xcel Energy by 20.1% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,123 shares of the company’s stock valued at $64,000 after buying an additional 188 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in Xcel Energy by 32.4% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 141,960 shares of the company’s stock worth $8,057,000 after acquiring an additional 34,702 shares during the period. Kestra Advisory Services LLC increased its holdings in Xcel Energy by 59.6% during the 3rd quarter. Kestra Advisory Services LLC now owns 71,201 shares of the company’s stock worth $4,074,000 after acquiring an additional 26,588 shares during the period. QRG Capital Management Inc. purchased a new stake in Xcel Energy in the 3rd quarter worth approximately $1,643,000. Finally, Envestnet Portfolio Solutions Inc. bought a new position in Xcel Energy in the 3rd quarter valued at $1,842,000. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Price Performance

Shares of Xcel Energy stock opened at $53.24 on Tuesday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.74 and a current ratio of 0.86. Xcel Energy Inc. has a 52-week low of $46.79 and a 52-week high of $65.62. The company has a fifty day moving average of $54.59 and a 200-day moving average of $56.82. The stock has a market capitalization of $29.58 billion, a price-to-earnings ratio of 15.99, a price-to-earnings-growth ratio of 2.36 and a beta of 0.38.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings results on Thursday, April 25th. The company reported $0.88 earnings per share for the quarter, topping 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 business had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the previous year, the firm posted $0.76 earnings per share. The firm’s revenue for the quarter was down 10.6% on a year-over-year basis. Equities research analysts expect that Xcel Energy Inc. will post 3.56 EPS for the current year.

Xcel Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, July 20th. Shareholders of record on Friday, June 14th will be paid a $0.5475 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.19 dividend on an annualized basis and a yield of 4.11%. Xcel Energy’s dividend payout ratio (DPR) is currently 65.77%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on XEL shares. Morgan Stanley increased their price objective on Xcel Energy from $59.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 28th. Evercore ISI boosted their price objective on Xcel Energy from $54.00 to $59.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Wolfe Research upgraded shares of Xcel Energy from a “peer perform” rating to an “outperform” rating and set a $58.00 target price for the company in a research report on Monday, March 11th. Bank of America increased their price target on shares of Xcel Energy from $63.00 to $66.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Finally, TheStreet downgraded shares of Xcel Energy from a “b-” rating to a “c+” rating in a report on Thursday, March 14th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Xcel Energy has a consensus rating of “Moderate Buy” and a consensus target price of $62.27.

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.