OneAscent Financial Services LLC Invests $578,000 in Xcel Energy Inc. $XEL

OneAscent Financial Services LLC acquired a new position in Xcel Energy Inc. (NASDAQ:XEL) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 7,829 shares of the company’s stock, valued at approximately $578,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Xcel Energy in the third quarter worth $27,000. Abound Wealth Management grew its stake in shares of Xcel Energy by 394.5% in the fourth quarter. Abound Wealth Management now owns 361 shares of the company’s stock worth $27,000 after acquiring an additional 288 shares during the last quarter. Beacon Financial Strategies CORP acquired a new stake in shares of Xcel Energy in the fourth quarter worth $33,000. Collier Financial acquired a new stake in Xcel Energy during the third quarter worth $38,000. Finally, Pittenger & Anderson Inc. boosted its stake in 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 buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Trading Up 1.6%

Shares of Xcel Energy stock opened at $79.04 on Friday. The firm has a market capitalization of $49.34 billion, a PE ratio of 22.78, a price-to-earnings-growth ratio of 2.05 and a beta of 0.39. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.77 and a quick ratio of 0.68. The company’s fifty day moving average price is $79.81 and its two-hundred day moving average price is $78.51. Xcel Energy Inc. has a 52-week low of $65.21 and a 52-week high of $84.23.

Xcel Energy (NASDAQ:XEL) last issued its earnings results on Wednesday, April 29th. The company reported $0.91 EPS for the quarter, meeting the consensus estimate 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 for the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter in the previous year, the company earned $0.84 EPS. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, analysts expect that Xcel Energy Inc. will post 4.11 EPS for the current year.

Xcel Energy Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on XEL shares. Barclays lowered their price target on shares of Xcel Energy from $91.00 to $87.00 and set an “overweight” rating on the stock in a report on Tuesday, May 12th. Weiss Ratings raised shares of Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 20th. Morgan Stanley set a $87.00 price target on shares of Xcel Energy in a report on Thursday, May 21st. Truist Financial lowered their price target on shares of Xcel Energy from $95.00 to $92.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Finally, KeyCorp boosted their price target on shares of Xcel Energy from $89.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Xcel Energy currently has a consensus rating of “Buy” and an average price target of $90.63.

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.