Xcel Energy Inc. (NASDAQ:XEL) Shares Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC grew its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 497.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 109,934 shares of the company’s stock after purchasing an additional 91,540 shares during the period. Los Angeles Capital Management LLC’s holdings in Xcel Energy were worth $5,909,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in XEL. Turtle Creek Wealth Advisors LLC purchased a new stake in Xcel Energy during the 4th quarter worth approximately $25,000. Criterion Capital Advisors LLC acquired a new position in shares of Xcel Energy in the fourth quarter worth $25,000. Pacific Capital Wealth Advisors Inc. purchased a new stake in shares of Xcel Energy during the fourth quarter worth $25,000. Heritage Wealth Advisors purchased a new stake in shares of Xcel Energy during the fourth quarter worth $25,000. Finally, Capital Analysts LLC raised its stake in shares of Xcel Energy by 293.6% in the fourth quarter. Capital Analysts LLC now owns 433 shares of the company’s stock valued at $26,000 after acquiring an additional 323 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Stock Up 0.8 %

XEL opened at $53.53 on Friday. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $65.62. 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 stock has a market capitalization of $29.74 billion, a P/E ratio of 16.08, a price-to-earnings-growth ratio of 2.34 and a beta of 0.38. The business’s 50-day simple moving average is $54.55 and its 200-day simple moving average is $56.72.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.08. The company had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Xcel Energy had a return on equity of 11.03% and a net margin of 13.36%. The firm’s revenue for the quarter was down 10.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.76 earnings per share. Analysts anticipate that Xcel Energy Inc. will post 3.56 EPS for the current year.

Xcel Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, July 20th. Shareholders of record on Friday, June 14th will be given a dividend of $0.5475 per share. This represents a $2.19 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend is Friday, June 14th. Xcel Energy’s payout ratio is currently 65.77%.

Analysts Set New Price Targets

XEL has been the topic of several recent research reports. KeyCorp cut their price target on Xcel Energy from $68.00 to $65.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. Wolfe Research upgraded shares of Xcel Energy from a “peer perform” rating to an “outperform” rating and set a $58.00 target price on the stock in a research note on Monday, March 11th. Barclays lifted their price target on shares of Xcel Energy from $56.00 to $57.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Morgan Stanley increased their price objective on shares of Xcel Energy from $59.00 to $65.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. Finally, TheStreet cut shares of Xcel Energy from a “b-” rating to a “c+” rating in a research 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 company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $62.27.

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.