Xcel Energy Inc. (NASDAQ:XEL) Shares Purchased by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. lifted its holdings in Xcel Energy Inc. (NASDAQ:XELFree Report) by 4.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,406 shares of the company’s stock after purchasing an additional 182 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Xcel Energy were worth $312,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sierra Ocean LLC acquired a new stake in shares of Xcel Energy in the 4th quarter worth $26,000. Fairway Wealth LLC acquired a new stake in shares of Xcel Energy in the 4th quarter worth $27,000. Rothschild Investment LLC boosted its position in shares of Xcel Energy by 26.0% in the 4th quarter. Rothschild Investment LLC now owns 731 shares of the company’s stock worth $49,000 after purchasing an additional 151 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Xcel Energy in the 4th quarter worth $52,000. Finally, Creative Financial Designs Inc. ADV boosted its position in shares of Xcel Energy by 23.2% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 827 shares of the company’s stock worth $56,000 after purchasing an additional 156 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Stock Performance

NASDAQ XEL opened at $68.25 on Thursday. The stock has a 50-day simple moving average of $69.69 and a two-hundred day simple moving average of $68.90. The firm has a market capitalization of $39.36 billion, a P/E ratio of 19.84, a PEG ratio of 2.62 and a beta of 0.37. Xcel Energy Inc. has a fifty-two week low of $51.97 and a fifty-two week high of $73.38. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93.

Xcel Energy (NASDAQ:XELGet Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.11). The company had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $3.93 billion. Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.88 EPS. On average, equities analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, July 20th. Investors of record on Friday, June 13th will be paid a $0.57 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.28 annualized dividend and a dividend yield of 3.34%. Xcel Energy’s dividend payout ratio is presently 67.06%.

Analysts Set New Price Targets

A number of analysts have commented on the company. UBS Group lifted their price target on Xcel Energy from $73.00 to $77.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 1st. Wall Street Zen cut Xcel Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, May 20th. BMO Capital Markets lifted their price target on Xcel Energy from $69.00 to $73.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 23rd. Morgan Stanley set a $78.00 price target on Xcel Energy and gave the stock an “equal weight” rating in a research report on Thursday, May 22nd. Finally, Barclays lifted their price target on Xcel Energy from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $75.90.

Check Out Our Latest Stock Report on XEL

Xcel Energy Profile

(Free Report)

Xcel Energy Inc, through its subsidiaries, engages in the generation, purchasing, transmission, distribution, and sale of electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through wind, nuclear, hydroelectric, biomass, and solar energy sources, as well as coal, natural gas, oil, wood, and refuse-derived fuels.

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Institutional Ownership by Quarter for Xcel Energy (NASDAQ:XEL)

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