Xcel Energy Inc. (NASDAQ:XEL) Shares Bought by Lantz Financial LLC

Lantz Financial LLC raised its position in Xcel Energy Inc. (NASDAQ:XEL) by 57.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 6,254 shares of the company’s stock after acquiring an additional 2,277 shares during the period. Lantz Financial LLC’s holdings in Xcel Energy were worth $334,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its holdings in Xcel Energy by 770.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,552,625 shares of the company’s stock valued at $405,955,000 after purchasing an additional 6,684,499 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new position in Xcel Energy during the first quarter worth $80,283,000. Zimmer Partners LP lifted its holdings in Xcel Energy by 1,765.0% in the first quarter. Zimmer Partners LP now owns 932,505 shares of the company’s stock valued at $50,122,000 after acquiring an additional 882,505 shares during the period. Zurich Insurance Group Ltd FI purchased a new stake in shares of Xcel Energy during the 1st quarter worth $35,623,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Xcel Energy during the 1st quarter worth $26,269,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Price Performance

Xcel Energy stock opened at $63.84 on Wednesday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.86 and a current ratio of 0.97. The company has a market cap of $35.47 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 2.77 and a beta of 0.38. Xcel Energy Inc. has a 1 year low of $46.79 and a 1 year high of $64.25. The firm has a 50 day moving average price of $58.10 and a 200 day moving average price of $55.33.

Xcel Energy (NASDAQ:XEL) last issued its earnings results on Thursday, August 1st. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.03). The firm had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.29 billion. Xcel Energy had a net margin of 13.46% and a return on equity of 10.94%. Xcel Energy’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 EPS. Sell-side analysts predict that Xcel Energy Inc. will post 3.55 earnings per share for the current year.

Xcel Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, October 20th. Shareholders of record on Friday, September 13th will be given a dividend of $0.548 per share. This represents a $2.19 dividend on an annualized basis and a yield of 3.43%. This is a boost from Xcel Energy’s previous quarterly dividend of $0.55. The ex-dividend date is Friday, September 13th. Xcel Energy’s payout ratio is 65.77%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on XEL shares. Morgan Stanley boosted their price objective on shares of Xcel Energy from $62.00 to $68.00 and gave the stock an “equal weight” rating in a report on Friday, August 23rd. Argus upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research report on Monday, August 26th. Finally, Wells Fargo & Company lifted their target price on shares of Xcel Energy from $57.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Xcel Energy presently has an average rating of “Moderate Buy” and a consensus target price of $62.92.

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.