Alpine Bank Wealth Management Makes New Investment in Xcel Energy Inc. (NASDAQ:XEL)

Alpine Bank Wealth Management bought a new position in Xcel Energy Inc. (NASDAQ:XEL – Free Report) during the first quarter, HoldingsChannel.com reports. The fund bought 744 shares of the company’s stock, valued at approximately $53,000.

Several other hedge funds have also recently made changes to their positions in XEL. Golden State Wealth Management LLC increased its position in shares of Xcel Energy by 136.9% during the 1st quarter. Golden State Wealth Management LLC now owns 4,432 shares of the company’s stock valued at $314,000 after purchasing an additional 2,561 shares during the last quarter. Spire Wealth Management boosted its stake in Xcel Energy by 4.0% during the first quarter. Spire Wealth Management now owns 7,140 shares of the company’s stock worth $505,000 after buying an additional 273 shares during the period. Global Assets Advisory LLC purchased a new position in Xcel Energy during the first quarter worth $250,000. International Assets Investment Management LLC increased its position in Xcel Energy by 3.5% during the first quarter. International Assets Investment Management LLC now owns 6,802 shares of the company’s stock valued at $482,000 after acquiring an additional 229 shares during the last quarter. Finally, Invesco LLC raised its stake in shares of Xcel Energy by 133.5% in the first quarter. Invesco LLC now owns 11,557 shares of the company’s stock valued at $818,000 after acquiring an additional 6,608 shares during the period. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

XEL has been the subject of a number of recent analyst reports. UBS Group lifted their price target on shares of Xcel Energy from $73.00 to $77.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 1st. Wells Fargo & Company set a $78.00 target price on Xcel Energy and gave the company an “overweight” rating in a research report on Friday, April 25th. Morgan Stanley reduced their price target on Xcel Energy from $78.00 to $77.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 18th. Evercore ISI boosted their price objective on Xcel Energy from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Monday, April 28th. Finally, Wall Street Zen downgraded Xcel Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Xcel Energy has an average rating of “Moderate Buy” and a consensus price target of $75.80.

Read Our Latest Report on XEL

Xcel Energy Stock Up 0.6%

Shares of NASDAQ XEL opened at $67.75 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.70 and a current ratio of 0.80. The firm has a market capitalization of $39.08 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 2.35 and a beta of 0.37. The stock has a 50 day moving average price of $69.35 and a 200 day moving average price of $68.59. Xcel Energy Inc. has a 52-week low of $51.97 and a 52-week high of $73.38.

Xcel Energy (NASDAQ:XEL – Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.11). Xcel Energy had a net margin of 14.10% and a return on equity of 10.20%. The firm had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.93 billion. During the same period last year, the firm earned $0.88 earnings per share. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. Sell-side 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 $0.57 dividend. 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 payout ratio is currently 67.06%.

Xcel Energy Profile

(Free Report)

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.

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