Redhawk Wealth Advisors Inc. Boosts Stock Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Redhawk Wealth Advisors Inc. boosted its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 4.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 4,406 shares of the company’s stock after buying an additional 182 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in Xcel Energy were worth $312,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Jones Financial Companies Lllp grew its position in shares of Xcel Energy by 35.8% in the fourth quarter. Jones Financial Companies Lllp now owns 14,825 shares of the company’s stock valued at $1,001,000 after purchasing an additional 3,905 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Xcel Energy by 12.0% in the fourth quarter. Van ECK Associates Corp now owns 179,013 shares of the company’s stock valued at $12,086,000 after acquiring an additional 19,230 shares during the last quarter. Edge Capital Group LLC acquired a new position in Xcel Energy in the fourth quarter valued at approximately $14,067,000. UniSuper Management Pty Ltd lifted its holdings in Xcel Energy by 22.3% in the fourth quarter. UniSuper Management Pty Ltd now owns 49,882 shares of the company’s stock valued at $3,368,000 after acquiring an additional 9,110 shares during the last quarter. Finally, Ethic Inc. lifted its holdings in Xcel Energy by 55.0% in the fourth quarter. Ethic Inc. now owns 23,030 shares of the company’s stock valued at $1,555,000 after acquiring an additional 8,168 shares during the last quarter. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

XEL has been the topic of a number of recent analyst reports. Wells Fargo & Company set a $78.00 price objective on Xcel Energy and gave the company an “overweight” rating in a report on Friday, April 25th. BMO Capital Markets upped their price objective on Xcel Energy from $69.00 to $73.00 and gave the company a “market perform” rating in a report on Wednesday, April 23rd. UBS Group upped their price objective on Xcel Energy from $73.00 to $77.00 and gave the company a “neutral” rating in a report on Tuesday, April 1st. Morgan Stanley set a $78.00 price objective on Xcel Energy and gave the company an “equal weight” rating in a report on Thursday, May 22nd. Finally, Wall Street Zen cut Xcel Energy from a “hold” rating to a “sell” rating in a report on Tuesday, May 20th. One equities research 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $75.90.

Xcel Energy Stock Down 1.0%

NASDAQ:XEL opened at $68.25 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The stock’s fifty day moving average is $69.69 and its two-hundred day moving average is $68.90. Xcel Energy Inc. has a 52 week low of $51.97 and a 52 week high of $73.38. The stock has a market capitalization of $39.36 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 2.62 and a beta of 0.37.

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

Xcel Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, July 20th. Stockholders of record on Friday, June 13th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend is Friday, June 13th. Xcel Energy’s payout ratio is currently 67.06%.

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.