Xcel Energy Inc. (NASDAQ:XEL) Shares Sold by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. lowered its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 1.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,009 shares of the company’s stock after selling 231 shares during the period. SRS Capital Advisors Inc.’s holdings in Xcel Energy were worth $867,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of XEL. Vanguard Group Inc. boosted its stake in shares of Xcel Energy by 15.6% during the 3rd quarter. Vanguard Group Inc. now owns 64,062,856 shares of the company’s stock worth $3,665,677,000 after acquiring an additional 8,644,054 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Xcel Energy by 16.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 18,521,863 shares of the company’s stock worth $1,059,821,000 after buying an additional 2,559,321 shares during the period. Hsbc Holdings PLC lifted its stake in Xcel Energy by 216.1% during the third quarter. Hsbc Holdings PLC now owns 1,627,320 shares of the company’s stock valued at $92,981,000 after buying an additional 1,112,510 shares in the last quarter. Jennison Associates LLC lifted its stake in Xcel Energy by 184.9% during the fourth quarter. Jennison Associates LLC now owns 1,451,483 shares of the company’s stock valued at $89,861,000 after buying an additional 942,097 shares in the last quarter. Finally, Federated Hermes Inc. boosted its holdings in shares of Xcel Energy by 247.8% in the fourth quarter. Federated Hermes Inc. now owns 1,284,305 shares of the company’s stock worth $79,511,000 after buying an additional 915,046 shares during the period. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Price Performance

XEL traded up $0.46 during midday trading on Friday, reaching $54.25. 2,953,949 shares of the company’s stock were exchanged, compared to its average volume of 5,365,063. The company has a quick ratio of 0.74, a current ratio of 0.86 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $30.14 billion, a price-to-earnings ratio of 16.29, a price-to-earnings-growth ratio of 2.36 and a beta of 0.36. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $69.85. The business has a 50-day simple moving average of $53.34 and a two-hundred day simple moving average of $57.94.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Thursday, April 25th. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.08. The business had revenue of $3.65 billion for the quarter, compared to analyst estimates of $4.12 billion. Xcel Energy had a net margin of 13.36% and a return on equity of 11.03%. The firm’s quarterly revenue was down 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.76 EPS. As a group, research analysts predict that Xcel Energy Inc. will post 3.56 EPS for the current year.

Xcel Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, April 20th. Investors of record on Friday, March 15th were issued a $0.548 dividend. This represents a $2.19 dividend on an annualized basis and a dividend yield of 4.04%. This is a boost from Xcel Energy’s previous quarterly dividend of $0.52. The ex-dividend date was Thursday, March 14th. Xcel Energy’s payout ratio is currently 65.77%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Evercore ISI upped their price target on shares of Xcel Energy from $54.00 to $59.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Barclays raised their target price on Xcel Energy from $56.00 to $57.00 and gave the stock an “overweight” rating in a research report on Tuesday. Wells Fargo & Company upped their price target on Xcel Energy from $63.00 to $64.00 and gave the company an “equal weight” rating in a research report on Friday, January 26th. JPMorgan Chase & Co. dropped their target price on Xcel Energy from $68.00 to $59.00 and set a “neutral” rating on the stock in a report on Wednesday, March 13th. Finally, TheStreet lowered shares of Xcel Energy from a “b-” rating to a “c+” rating in a research note on Thursday, March 14th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $62.83.

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.