RDA Financial Network Has $336,000 Position in Xcel Energy Inc. (NASDAQ:XEL)

RDA Financial Network cut its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 14.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,749 shares of the company’s stock after selling 802 shares during the quarter. RDA Financial Network’s holdings in Xcel Energy were worth $336,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sierra Ocean LLC acquired a new stake in Xcel Energy during the 4th quarter valued at $26,000. Fairway Wealth LLC bought a new stake in shares of Xcel Energy during the fourth quarter worth $27,000. Rothschild Investment LLC increased its stake in shares of Xcel Energy by 26.0% in the fourth quarter. Rothschild Investment LLC now owns 731 shares of the company’s stock valued at $49,000 after buying an additional 151 shares in the last quarter. Itau Unibanco Holding S.A. bought a new position in shares of Xcel Energy in the fourth quarter valued at about $52,000. Finally, Creative Financial Designs Inc. ADV raised its holdings in shares of Xcel Energy by 23.2% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 827 shares of the company’s stock valued at $56,000 after buying an additional 156 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Evercore ISI raised their price objective on shares of Xcel Energy from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Monday, April 28th. UBS Group increased their price target on shares of Xcel Energy from $73.00 to $77.00 and gave the company a “neutral” rating in a research note on Tuesday, April 1st. Wall Street Zen cut shares of Xcel Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, May 20th. BMO Capital Markets increased their price objective on Xcel Energy from $69.00 to $73.00 and gave the company a “market perform” rating in a research report on Wednesday, April 23rd. Finally, Barclays boosted their target price on Xcel Energy from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.90.

Xcel Energy Stock Down 0.1%

NASDAQ:XEL opened at $68.51 on Monday. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. Xcel Energy Inc. has a 12-month low of $51.97 and a 12-month high of $73.38. The stock’s fifty day simple moving average is $69.79 and its 200-day simple moving average is $68.92. The firm has a market capitalization of $39.51 billion, a P/E ratio of 19.92, a P/E/G ratio of 2.62 and a beta of 0.37.

Xcel Energy (NASDAQ:XEL) last issued its earnings results on Thursday, April 24th. The company reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.11). The company had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. Xcel Energy’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the business posted $0.88 EPS. Equities research analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, July 20th. Investors of record on Friday, June 13th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend is Friday, June 13th. Xcel Energy’s dividend payout ratio is currently 67.06%.

Insider Buying and Selling at Xcel Energy

In other Xcel Energy news, Director Devin W. Stockfish bought 2,170 shares of Xcel Energy stock in a transaction on Tuesday, March 11th. The shares were purchased at an average cost of $68.93 per share, for a total transaction of $149,578.10. Following the completion of the acquisition, the director now owns 3,007 shares in the company, valued at approximately $207,272.51. The trade was a 259.26% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.09% of the company’s stock.

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.