TD Private Client Wealth LLC Has $3.61 Million Stake in Xcel Energy Inc. $XEL

TD Private Client Wealth LLC decreased its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 16.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,913 shares of the company’s stock after selling 9,542 shares during the period. TD Private Client Wealth LLC’s holdings in Xcel Energy were worth $3,613,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of XEL. Brighton Jones LLC acquired a new position in Xcel Energy in the fourth quarter worth $240,000. Empowered Funds LLC boosted its stake in Xcel Energy by 30.7% in the first quarter. Empowered Funds LLC now owns 13,810 shares of the company’s stock worth $978,000 after purchasing an additional 3,242 shares in the last quarter. Woodline Partners LP boosted its stake in Xcel Energy by 40.7% in the first quarter. Woodline Partners LP now owns 48,515 shares of the company’s stock worth $3,434,000 after purchasing an additional 14,029 shares in the last quarter. Brown Advisory Inc. boosted its stake in Xcel Energy by 4.8% in the second quarter. Brown Advisory Inc. now owns 10,193 shares of the company’s stock worth $694,000 after purchasing an additional 469 shares in the last quarter. Finally, Cary Street Partners Financial LLC boosted its stake in Xcel Energy by 16.0% in the second quarter. Cary Street Partners Financial LLC now owns 2,620 shares of the company’s stock worth $178,000 after purchasing an additional 362 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on XEL. Truist Financial reduced their price objective on Xcel Energy from $95.00 to $92.00 and set a “buy” rating on the stock in a research note on Monday. Argus set a $86.00 price objective on Xcel Energy in a research note on Thursday, March 12th. Weiss Ratings raised Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 20th. UBS Group boosted their price objective on Xcel Energy from $89.00 to $91.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Finally, BTIG Research set a $94.00 price objective on Xcel Energy in a research note on Friday, January 30th. Three 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 an average rating of “Buy” and a consensus target price of $90.94.

Xcel Energy Trading Up 0.2%

Shares of XEL opened at $78.10 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 0.77 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 $48.76 billion, a PE ratio of 22.51, a price-to-earnings-growth ratio of 2.02 and a beta of 0.41. The stock’s fifty day simple moving average is $80.03 and its 200-day simple moving average is $78.64.

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

Xcel Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 20th. Stockholders of record on Friday, March 13th were paid a dividend of $0.5925 per share. This represents a $2.37 annualized dividend and a dividend yield of 3.0%. This is a boost from Xcel Energy’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Friday, March 13th. Xcel Energy’s payout ratio is currently 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.