Xcel Energy Inc. $XEL Shares Purchased by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC lifted its position in Xcel Energy Inc. (NASDAQ:XEL) by 26.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 74,149 shares of the company’s stock after buying an additional 15,590 shares during the period. Oliver Luxxe Assets LLC’s holdings in Xcel Energy were worth $5,477,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Xcel Energy during the second quarter valued at $25,000. ORG Partners LLC boosted its position in shares of Xcel Energy by 168.4% in the 3rd quarter. ORG Partners LLC now owns 314 shares of the company’s stock valued at $25,000 after purchasing an additional 197 shares during the period. Vermillion & White Wealth Management Group LLC purchased a new position in Xcel Energy in the 3rd quarter worth about $27,000. First Command Advisory Services Inc. purchased a new position in Xcel Energy in the 3rd quarter worth about $32,000. Finally, Collier Financial acquired a new stake in Xcel Energy during the 3rd quarter worth about $38,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on XEL shares. KeyCorp reduced their price target on shares of Xcel Energy from $85.00 to $84.00 and set an “overweight” rating for the company in a research report on Friday, December 12th. JPMorgan Chase & Co. cut their target price on shares of Xcel Energy from $90.00 to $87.00 and set an “overweight” rating on the stock in a research note on Thursday, December 11th. UBS Group raised shares of Xcel Energy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $81.00 to $89.00 in a research note on Friday, February 13th. Mizuho set a $86.00 target price on Xcel Energy in a research report on Friday, January 9th. Finally, Weiss Ratings upgraded Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Xcel Energy currently has an average rating of “Buy” and an average price target of $88.44.

Xcel Energy Price Performance

Shares of Xcel Energy stock opened at $76.77 on Friday. The firm’s 50-day simple moving average is $79.01 and its 200-day simple moving average is $77.99. Xcel Energy Inc. has a twelve month low of $65.21 and a twelve month high of $84.23. The firm has a market cap of $47.90 billion, a P/E ratio of 22.45, a price-to-earnings-growth ratio of 2.10 and a beta of 0.45. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.60 and a current ratio of 0.71.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings results on Wednesday, February 4th. The company reported $0.96 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.96. Xcel Energy had a return on equity of 10.46% and a net margin of 13.76%.The firm had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same period last year, the firm posted $0.81 EPS. The business’s revenue was up 14.1% on a year-over-year basis. As a group, research analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 20th. Stockholders of record on Friday, March 13th will be given a dividend of $0.5925 per share. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.57. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, March 13th. Xcel Energy’s payout ratio is 69.30%.

Xcel Energy Company 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.