Kintra Wealth LLC Makes New $570,000 Investment in Xcel Energy Inc. $XEL

Kintra Wealth LLC purchased a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL) during the 2nd quarter, HoldingsChannel reports. The firm purchased 7,223 shares of the company’s stock, valued at approximately $570,000.

A number of other hedge funds have also modified their holdings of XEL. Brighton Jones LLC purchased a new position in shares of Xcel Energy in the fourth quarter worth about $240,000. Empowered Funds LLC boosted its position in Xcel Energy by 30.7% in the first quarter. Empowered Funds LLC now owns 13,810 shares of the company’s stock valued at $978,000 after buying an additional 3,242 shares during the last quarter. Woodline Partners LP boosted its position in Xcel Energy by 40.7% in the first quarter. Woodline Partners LP now owns 48,515 shares of the company’s stock valued at $3,434,000 after buying an additional 14,029 shares during the last quarter. Brown Advisory Inc. boosted its position in Xcel Energy by 4.8% in the second quarter. Brown Advisory Inc. now owns 10,193 shares of the company’s stock valued at $694,000 after buying an additional 469 shares during the last quarter. Finally, Cary Street Partners Financial LLC increased its holdings in Xcel Energy by 16.0% in the 2nd quarter. Cary Street Partners Financial LLC now owns 2,620 shares of the company’s stock worth $178,000 after buying an additional 362 shares during the period. 78.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

XEL has been the subject of a number of recent research reports. Jefferies Financial Group set a $101.00 price target on shares of Xcel Energy in a research report on Tuesday, July 7th. BTIG Research reaffirmed a “buy” rating and issued a $99.00 price objective on shares of Xcel Energy in a report on Friday, July 31st. JPMorgan Chase & Co. upped their price objective on shares of Xcel Energy from $91.00 to $102.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. KeyCorp reissued an “overweight” rating on shares of Xcel Energy in a report on Monday, June 8th. Finally, Morgan Stanley decreased their target price on shares of Xcel Energy from $92.00 to $89.00 and set an “equal weight” rating for the company in a research report on Friday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Xcel Energy presently has a consensus rating of “Buy” and an average price target of $92.41.

Xcel Energy Price Performance

Shares of XEL opened at $75.72 on Tuesday. The firm has a market cap of $47.30 billion, a P/E ratio of 20.75, a PEG ratio of 2.56 and a beta of 0.39. Xcel Energy Inc. has a 12 month low of $71.29 and a 12 month high of $84.23. The stock’s 50 day moving average is $78.62 and its two-hundred day moving average is $79.61. The company has a current ratio of 0.70, a quick ratio of 0.62 and a debt-to-equity ratio of 1.49.

Xcel Energy (NASDAQ:XEL) last announced its earnings results on Wednesday, July 29th. The company reported $0.93 earnings per share for the quarter, topping 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 business had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.54 billion. During the same period in the prior year, the company posted $1.59 EPS. The business’s quarterly revenue was down 5.1% on a year-over-year basis. Analysts predict that Xcel Energy Inc. will post 4.11 earnings per share for the current fiscal year.

Xcel Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Tuesday, September 15th will be issued a $0.5925 dividend. This represents a $2.37 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, September 15th. Xcel Energy’s payout ratio is presently 64.93%.

About Xcel Energy

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.