Xcel Energy Inc. (NASDAQ:XEL) Stock Position Decreased by Everpar Advisors LLC

Everpar Advisors LLC cut its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 7.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 5,418 shares of the company’s stock after selling 463 shares during the quarter. Everpar Advisors LLC’s holdings in Xcel Energy were worth $384,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Rothschild Investment LLC boosted its stake in shares of Xcel Energy by 26.0% during the 4th quarter. Rothschild Investment LLC now owns 731 shares of the company’s stock worth $49,000 after acquiring an additional 151 shares in the last quarter. GenTrust LLC boosted its position in shares of Xcel Energy by 4.5% in the fourth quarter. GenTrust LLC now owns 3,602 shares of the company’s stock worth $243,000 after buying an additional 155 shares during the period. Creative Financial Designs Inc. ADV boosted its position 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 worth $56,000 after buying an additional 156 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Xcel Energy by 1.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 9,242 shares of the company’s stock worth $624,000 after buying an additional 160 shares during the period. Finally, Personal CFO Solutions LLC boosted its position in shares of Xcel Energy by 2.8% in the fourth quarter. Personal CFO Solutions LLC now owns 5,934 shares of the company’s stock worth $401,000 after buying an additional 163 shares during the period. 78.38% of the stock is owned by institutional investors.

Xcel Energy Price Performance

Shares of NASDAQ:XEL opened at $67.62 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. Xcel Energy Inc. has a 1 year low of $51.97 and a 1 year high of $73.38. The business has a fifty day simple moving average of $69.74 and a 200 day simple moving average of $68.85. The firm has a market cap of $39.00 billion, a price-to-earnings ratio of 19.66, a P/E/G ratio of 2.62 and a beta of 0.37.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.11). Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. The firm had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.93 billion. During the same quarter in the prior year, the business posted $0.88 earnings per share. Xcel Energy’s revenue was up 7.0% on a year-over-year basis. As a group, sell-side analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal 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. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.28 annualized dividend and a dividend yield of 3.37%. Xcel Energy’s dividend payout ratio is 67.06%.

Wall Street Analysts Forecast Growth

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

Xcel Energy 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.