Arkadios Wealth Advisors Raises Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Arkadios Wealth Advisors increased its position in Xcel Energy Inc. (NASDAQ:XEL) by 2.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,338 shares of the company’s stock after buying an additional 235 shares during the period. Arkadios Wealth Advisors’ holdings in Xcel Energy were worth $590,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of Xcel Energy by 18.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 472,344 shares of the company’s stock valued at $33,437,000 after acquiring an additional 73,036 shares during the last quarter. Navellier & Associates Inc. purchased a new stake in Xcel Energy during the first quarter valued at $2,735,000. J.W. Cole Advisors Inc. bought a new position in Xcel Energy during the first quarter valued at $905,000. Financial Gravity Asset Management Inc. bought a new position in Xcel Energy during the first quarter valued at $329,000. Finally, Pinnacle Financial Partners Inc purchased a new position in shares of Xcel Energy in the 1st quarter worth $267,000. 78.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

XEL has been the topic of several recent research reports. Evercore ISI upped their target price on shares of Xcel Energy from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Monday, April 28th. Morgan Stanley decreased their price objective on Xcel Energy from $78.00 to $77.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 18th. BMO Capital Markets lifted their target price on Xcel Energy from $69.00 to $73.00 and gave the stock a “market perform” rating in a report on Wednesday, April 23rd. Barclays boosted their target price on Xcel Energy from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, April 22nd. Finally, Wells Fargo & Company set a $78.00 price target on Xcel Energy and gave the stock an “overweight” rating in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $76.00.

Xcel Energy Stock Performance

XEL stock opened at $73.47 on Monday. Xcel Energy Inc. has a twelve month low of $57.24 and a twelve month high of $74.13. The firm has a market cap of $43.45 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 2.47 and a beta of 0.34. The business’s fifty day simple moving average is $69.18 and its two-hundred day simple moving average is $69.19. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 1.48.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.66 by $0.09. The company had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.31 billion. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 EPS. Analysts predict 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 Monday, October 20th. Investors of record on Monday, September 15th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.28 annualized dividend and a yield of 3.1%. Xcel Energy’s dividend payout ratio is 63.16%.

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.