NewEdge Advisors LLC Has $3.84 Million Holdings in Xcel Energy Inc. (NASDAQ:XEL)

NewEdge Advisors LLC reduced its position in Xcel Energy Inc. (NASDAQ:XEL) by 3.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,852 shares of the company’s stock after selling 2,506 shares during the period. NewEdge Advisors LLC’s holdings in Xcel Energy were worth $3,838,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. ProShare Advisors LLC increased its position in Xcel Energy by 23.2% in the 1st quarter. ProShare Advisors LLC now owns 643,986 shares of the company’s stock worth $34,614,000 after purchasing an additional 121,118 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Xcel Energy by 2.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,625,530 shares of the company’s stock valued at $87,372,000 after acquiring an additional 38,653 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Xcel Energy by 24.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 100,969 shares of the company’s stock valued at $5,427,000 after acquiring an additional 20,068 shares during the last quarter. Forsta AP Fonden increased its holdings in shares of Xcel Energy by 91.6% during the 1st quarter. Forsta AP Fonden now owns 190,600 shares of the company’s stock valued at $10,245,000 after acquiring an additional 91,100 shares during the last quarter. Finally, Royal London Asset Management Ltd. increased its holdings in shares of Xcel Energy by 3,424.0% during the 4th quarter. Royal London Asset Management Ltd. now owns 16,598 shares of the company’s stock valued at $1,028,000 after acquiring an additional 16,127 shares during the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Price Performance

Shares of XEL stock opened at $65.15 on Thursday. The stock has a 50 day moving average of $61.40 and a two-hundred day moving average of $56.65. The company has a current ratio of 0.97, a quick ratio of 0.86 and a debt-to-equity ratio of 1.54. Xcel Energy Inc. has a 12 month low of $46.79 and a 12 month high of $65.64. The company has a market capitalization of $36.20 billion, a P/E ratio of 19.56, a P/E/G ratio of 2.82 and a beta of 0.38.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.03). Xcel Energy had a return on equity of 10.94% and a net margin of 13.46%. The firm had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter in the prior year, the business posted $0.52 EPS. Xcel Energy’s revenue was up .2% compared to the same quarter last year. As a group, equities analysts expect that Xcel Energy Inc. will post 3.55 EPS for the current year.

Xcel Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, October 20th. Investors of record on Friday, September 13th will be paid a $0.548 dividend. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Friday, September 13th. This represents a $2.19 annualized dividend and a yield of 3.36%. Xcel Energy’s payout ratio is currently 65.77%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. UBS Group increased their price objective on Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Morgan Stanley increased their price objective on Xcel Energy from $68.00 to $73.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Argus raised Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a report on Monday, August 26th. Wells Fargo & Company raised their target price on Xcel Energy from $57.00 to $63.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Finally, KeyCorp raised their target price on Xcel Energy from $66.00 to $69.00 and gave the company an “overweight” rating in a report on Monday. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Xcel Energy has an average rating of “Hold” and a consensus price target of $64.36.

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.