RIA Advisory Group LLC Increases Stock Holdings in Xcel Energy Inc. $XEL

RIA Advisory Group LLC increased its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 132.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,062 shares of the company’s stock after purchasing an additional 6,293 shares during the period. RIA Advisory Group LLC’s holdings in Xcel Energy were worth $892,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of XEL. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Xcel Energy in the 2nd quarter valued at $25,000. ORG Partners LLC increased its position in shares of Xcel Energy by 168.4% during the 3rd quarter. ORG Partners LLC now owns 314 shares of the company’s stock worth $25,000 after purchasing an additional 197 shares during the last quarter. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Xcel Energy during the 3rd quarter worth about $27,000. First Command Advisory Services Inc. purchased a new stake in Xcel Energy in the 3rd quarter valued at about $32,000. Finally, Collier Financial purchased a new stake in Xcel Energy in the 3rd quarter valued at about $38,000. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Stock Performance

Shares of Xcel Energy stock opened at $80.02 on Thursday. The business has a 50-day simple moving average of $78.84 and a 200-day simple moving average of $77.91. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.60 and a current ratio of 0.71. Xcel Energy Inc. has a one year low of $65.21 and a one year high of $84.23. The company has a market cap of $49.92 billion, a PE ratio of 23.40, a P/E/G ratio of 2.23 and a beta of 0.45.

Xcel Energy (NASDAQ:XEL) last issued its earnings results on Wednesday, February 4th. The company reported $0.96 earnings per share for the quarter, meeting the consensus estimate of $0.96. Xcel Energy had a net margin of 13.76% and a return on equity of 10.46%. The firm had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter last year, the company earned $0.81 earnings per share. The firm’s revenue was up 14.1% compared to the same quarter last year. On average, equities research analysts forecast that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 20th. Stockholders of record on Friday, March 13th will be issued a $0.5925 dividend. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, March 13th. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.57. Xcel Energy’s dividend payout ratio (DPR) is 69.30%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on XEL shares. KeyCorp lowered their target price on shares of Xcel Energy from $85.00 to $84.00 and set an “overweight” rating for the company in a research note on Friday, December 12th. BTIG Research set a $94.00 price target on shares of Xcel Energy in a research note on Friday, January 30th. Royal Bank Of Canada restated an “outperform” rating and issued a $95.00 price objective on shares of Xcel Energy in a report on Friday, January 23rd. Mizuho set a $86.00 price objective on shares of Xcel Energy in a research report on Friday, January 9th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $90.00 target price on shares of Xcel Energy in a report on Friday, February 6th. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $88.44.

Xcel Energy Company Profile

Xcel Energy (NASDAQ: XEL) is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company’s core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.

Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.