Priebe Wealth Holdings LLC Purchases Shares of 3,148 Xcel Energy Inc. (NASDAQ:XEL)

Priebe Wealth Holdings LLC acquired a new position in Xcel Energy Inc. (NASDAQ:XEL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,148 shares of the company’s stock, valued at approximately $206,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of XEL. Secured Retirement Advisors LLC acquired a new position in Xcel Energy in the fourth quarter worth $300,000. Quarry LP acquired a new position in shares of Xcel Energy during the fourth quarter valued at $34,000. Raleigh Capital Management Inc. lifted its stake in shares of Xcel Energy by 268.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 15,460 shares of the company’s stock valued at $957,000 after acquiring an additional 11,264 shares during the period. Scarborough Advisors LLC acquired a new position in shares of Xcel Energy during the fourth quarter valued at $411,000. Finally, Chicago Partners Investment Group LLC lifted its stake in shares of Xcel Energy by 3.7% during the fourth quarter. Chicago Partners Investment Group LLC now owns 6,249 shares of the company’s stock valued at $364,000 after acquiring an additional 222 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Trading Up 0.2 %

Shares of XEL opened at $62.31 on Friday. Xcel Energy Inc. has a 52-week low of $46.79 and a 52-week high of $65.64. The business’s fifty day moving average is $62.06 and its 200-day moving average is $57.14. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.86 and a current ratio of 0.97. The firm has a market cap of $34.62 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 2.75 and a beta of 0.39.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.03). Xcel Energy had a net margin of 13.46% and a return on equity of 10.94%. The business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter in the previous year, the business posted $0.52 EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis. Equities analysts anticipate that Xcel Energy Inc. will post 3.55 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, October 20th. Investors of record on Friday, September 13th will be paid a $0.548 dividend. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.55. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date is Friday, September 13th. Xcel Energy’s payout ratio is currently 65.77%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Morgan Stanley increased their target price on Xcel Energy from $68.00 to $73.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. UBS Group increased their target price on Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Argus raised Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Monday, August 26th. Jefferies Financial Group started coverage on Xcel Energy in a report on Thursday, September 19th. They issued a “hold” rating and a $70.00 price target for the company. Finally, Wells Fargo & Company increased their price target on Xcel Energy from $57.00 to $63.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Xcel Energy presently has an average rating of “Hold” and an average price target of $64.36.

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.