TD Private Client Wealth LLC Sells 9,542 Shares of Xcel Energy Inc. $XEL

TD Private Client Wealth LLC lessened its stake in Xcel Energy Inc. (NASDAQ:XEL) by 16.3% in the fourth quarter, HoldingsChannel reports. The firm owned 48,913 shares of the company’s stock after selling 9,542 shares during the period. TD Private Client Wealth LLC’s holdings in Xcel Energy were worth $3,613,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC bought a new stake in Xcel Energy in the third quarter valued at about $27,000. Abound Wealth Management increased its holdings in Xcel Energy by 394.5% in the fourth quarter. Abound Wealth Management now owns 361 shares of the company’s stock valued at $27,000 after purchasing an additional 288 shares during the last quarter. First Command Advisory Services Inc. bought a new stake in Xcel Energy in the third quarter valued at about $32,000. Beacon Financial Strategies CORP bought a new stake in shares of Xcel Energy in the fourth quarter worth about $33,000. Finally, Pittenger & Anderson Inc. increased its holdings in shares of Xcel Energy by 73.8% in the fourth quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock worth $35,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Price Performance

Shares of XEL opened at $78.10 on Tuesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.68 and a current ratio of 0.77. The stock has a 50 day simple moving average of $80.03 and a 200 day simple moving average of $78.64. Xcel Energy Inc. has a 52-week low of $65.21 and a 52-week high of $84.23. The firm has a market capitalization of $48.76 billion, a PE ratio of 22.51, a P/E/G ratio of 2.02 and a beta of 0.41.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.91 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.91. The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.21 billion. Xcel Energy had a return on equity of 10.37% and a net margin of 14.14%.Xcel Energy’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the company earned $0.84 earnings per share. Sell-side analysts predict that Xcel Energy Inc. will post 4.11 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 20th. Investors of record on Friday, March 13th were issued a dividend of $0.5925 per share. The ex-dividend date was Friday, March 13th. This is a boost from Xcel Energy’s previous quarterly dividend of $0.57. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.0%. Xcel Energy’s dividend payout ratio is 68.30%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on XEL. Truist Financial cut their price objective on Xcel Energy from $95.00 to $92.00 and set a “buy” rating on the stock in a report on Monday. Weiss Ratings upgraded Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 20th. JPMorgan Chase & Co. decreased their price objective on Xcel Energy from $94.00 to $91.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Argus set a $86.00 price objective on Xcel Energy in a research report on Thursday, March 12th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $95.00 price objective on shares of Xcel Energy in a research report on Friday, January 23rd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $90.94.

Xcel Energy 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.