Foundations Investment Advisors LLC Boosts Holdings in Xcel Energy Inc. $XEL

Foundations Investment Advisors LLC increased its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 75.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,168 shares of the company’s stock after buying an additional 9,946 shares during the period. Foundations Investment Advisors LLC’s holdings in Xcel Energy were worth $1,711,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Xcel Energy by 2.7% during the third quarter. Vanguard Group Inc. now owns 76,725,720 shares of the company’s stock worth $6,187,929,000 after buying an additional 2,001,018 shares during the last quarter. Cibc World Market Inc. purchased a new stake in Xcel Energy during the third quarter worth about $6,994,000. BI Asset Management Fondsmaeglerselskab A S boosted its position in Xcel Energy by 86.6% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 41,406 shares of the company’s stock worth $3,339,000 after purchasing an additional 19,214 shares during the period. USA Financial Formulas boosted its position in Xcel Energy by 491.3% during the fourth quarter. USA Financial Formulas now owns 21,435 shares of the company’s stock worth $1,583,000 after purchasing an additional 17,810 shares during the period. Finally, Citigroup Inc. boosted its position in Xcel Energy by 135.3% during the third quarter. Citigroup Inc. now owns 2,017,717 shares of the company’s stock worth $162,729,000 after purchasing an additional 1,160,205 shares during the period. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Morgan Stanley set a $87.00 target price on shares of Xcel Energy in a research report on Thursday, May 21st. Argus set a $86.00 target price on shares of Xcel Energy in a research report on Thursday, March 12th. BMO Capital Markets increased their target price on shares of Xcel Energy from $90.00 to $94.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Truist Financial cut their target price on shares of Xcel Energy from $95.00 to $92.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Finally, KeyCorp increased their target price on shares of Xcel Energy from $89.00 to $90.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Xcel Energy presently has a consensus rating of “Buy” and an average target price of $90.63.

Xcel Energy Price Performance

XEL stock opened at $79.50 on Friday. The firm has a 50 day moving average of $79.82 and a 200-day moving average of $78.61. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 1.45. Xcel Energy Inc. has a 12 month low of $65.21 and a 12 month high of $84.23. The firm has a market capitalization of $49.63 billion, a P/E ratio of 22.91, a price-to-earnings-growth ratio of 2.07 and a beta of 0.41.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.91 EPS for the quarter, meeting analysts’ consensus estimates of $0.91. Xcel Energy had a net margin of 14.14% and a return on equity of 10.37%. The company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same period last year, the business earned $0.84 earnings per share. Xcel Energy’s revenue was up 2.9% compared to the same quarter last year. As a group, sell-side analysts predict that Xcel Energy Inc. will post 4.11 earnings per share for the current fiscal year.

Xcel Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, June 15th will be given a $0.5925 dividend. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Monday, June 15th. Xcel Energy’s dividend payout ratio (DPR) is 68.30%.

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.