Dakota Wealth Management Acquires 205 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Dakota Wealth Management increased its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 0.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 22,979 shares of the company’s stock after acquiring an additional 205 shares during the period. Dakota Wealth Management’s holdings in Xcel Energy were worth $1,500,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its holdings in shares of Xcel Energy by 770.0% during 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 during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Xcel Energy by 1.8% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,186,101 shares of the company’s stock valued at $223,264,000 after buying an additional 74,690 shares during the last quarter. Federated Hermes Inc. grew its holdings in Xcel Energy by 120.2% during the 2nd quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company’s stock valued at $127,095,000 after buying an additional 1,299,025 shares in the last quarter. American Century Companies Inc. increased its stake in Xcel Energy by 130.4% in the 2nd quarter. American Century Companies Inc. now owns 2,084,345 shares of the company’s stock worth $111,325,000 after acquiring an additional 1,179,823 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Xcel Energy by 10.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,854,333 shares of the company’s stock worth $99,046,000 after acquiring an additional 174,653 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Price Performance

XEL opened at $64.46 on Friday. The business has a fifty day moving average of $63.12 and a 200 day moving average of $57.88. The stock has a market cap of $35.82 billion, a P/E ratio of 19.36, a PEG ratio of 2.80 and a beta of 0.39. The company has a quick ratio of 0.86, a current ratio of 0.97 and a debt-to-equity ratio of 1.54. Xcel Energy Inc. has a 52-week low of $46.79 and a 52-week high of $65.76.

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

Xcel Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, October 20th. Stockholders of record on Friday, September 13th were given a dividend of $0.548 per share. The ex-dividend date was Friday, September 13th. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.55. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.40%. Xcel Energy’s dividend payout ratio (DPR) is 65.77%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on XEL. Barclays raised their target price on shares of Xcel Energy from $57.00 to $67.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Wells Fargo & Company boosted their target price on shares of Xcel Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Jefferies Financial Group initiated coverage on shares of Xcel Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $70.00 target price on the stock. Morgan Stanley lifted their price target on Xcel Energy from $68.00 to $73.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Finally, KeyCorp upped their price objective on Xcel Energy from $66.00 to $69.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $65.54.

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.