Vise Technologies Inc. Takes Position in Xcel Energy Inc. $XEL

Vise Technologies Inc. purchased a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL) during the second quarter, Holdings Channel reports. The institutional investor purchased 60,934 shares of the company’s stock, valued at approximately $4,893,000.

Several other institutional investors and hedge funds also recently bought and sold shares of XEL. Evolution Wealth Management Inc. grew its stake in Xcel Energy by 365.3% in the 1st quarter. Evolution Wealth Management Inc. now owns 349 shares of the company’s stock valued at $28,000 after buying an additional 274 shares in the last quarter. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Xcel Energy during the fourth quarter worth $30,000. Pittenger & Anderson Inc. lifted its position in shares of Xcel Energy by 73.8% during the fourth quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock worth $35,000 after acquiring an additional 200 shares in the last quarter. Advocate Investing Services LLC bought a new position in shares of Xcel Energy in the fourth quarter worth $38,000. Finally, Cedar Mountain Advisors LLC bought a new position in shares of Xcel Energy in the first quarter worth $39,000. 78.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on XEL shares. KeyCorp reiterated an “overweight” rating on shares of Xcel Energy in a research report on Monday, June 8th. Mizuho set a $92.00 target price on Xcel Energy in a research note on Friday, July 31st. Barclays lifted their target price on Xcel Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Jefferies Financial Group set a $101.00 price target on Xcel Energy in a research report on Tuesday, July 7th. Finally, JPMorgan Chase & Co. increased their price target on shares of Xcel Energy from $91.00 to $102.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $92.41.

Xcel Energy Trading Down 0.9%

Xcel Energy stock opened at $78.71 on Friday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.62 and a current ratio of 0.70. Xcel Energy Inc. has a fifty-two week low of $71.29 and a fifty-two week high of $84.23. The stock has a market cap of $49.16 billion, a P/E ratio of 21.56, a PEG ratio of 2.06 and a beta of 0.39. The firm’s fifty day moving average price is $79.41 and its 200-day moving average price is $79.72.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.14. Xcel Energy had a return on equity of 10.65% and a net margin of 15.28%.The company had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same quarter last year, the company earned $1.59 earnings per share. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. Equities research analysts forecast that Xcel Energy Inc. will post 4.11 earnings per share for the current fiscal year.

Xcel Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.5925 per share. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Tuesday, September 15th. Xcel Energy’s dividend payout ratio (DPR) is 64.93%.

Xcel Energy Profile

Xcel Energy (NASDAQ: XEL) is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company’s core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.

Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.