Foundations Investment Advisors LLC Has $1.71 Million Stock Holdings in Xcel Energy Inc. $XEL

Foundations Investment Advisors LLC boosted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 75.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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.

Several other institutional investors have also recently bought and sold shares of the business. Quadrant Capital Group LLC raised its holdings in Xcel Energy by 1.7% during the third quarter. Quadrant Capital Group LLC now owns 7,358 shares of the company’s stock worth $593,000 after buying an additional 125 shares during the last quarter. TIAA Trust National Association raised its holdings in Xcel Energy by 1.0% during the third quarter. TIAA Trust National Association now owns 12,683 shares of the company’s stock worth $1,022,000 after buying an additional 126 shares during the last quarter. Bleakley Financial Group LLC raised its holdings in Xcel Energy by 0.5% during the fourth quarter. Bleakley Financial Group LLC now owns 28,949 shares of the company’s stock worth $2,138,000 after buying an additional 131 shares during the last quarter. Hills Bank & Trust Co raised its holdings in Xcel Energy by 2.2% during the fourth quarter. Hills Bank & Trust Co now owns 6,184 shares of the company’s stock worth $457,000 after buying an additional 133 shares during the last quarter. Finally, Intrust Bank NA raised its holdings in Xcel Energy by 1.3% during the third quarter. Intrust Bank NA now owns 11,360 shares of the company’s stock worth $916,000 after buying an additional 142 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Stock Performance

Shares of 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 market cap of $49.63 billion, a P/E ratio of 22.91, a P/E/G ratio of 2.07 and a beta of 0.41. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.77 and a quick ratio of 0.68. Xcel Energy Inc. has a one year low of $65.21 and a one year high of $84.23.

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

Xcel Energy Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have weighed in on XEL. Weiss Ratings upgraded shares of Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 20th. Argus set a $86.00 price objective on shares of Xcel Energy in a report on Thursday, March 12th. Truist Financial lowered their target price on shares of Xcel Energy from $95.00 to $92.00 and set a “buy” rating for the company in a report on Monday, May 18th. Morgan Stanley set a $87.00 target price on shares of Xcel Energy in a report on Thursday, May 21st. Finally, BMO Capital Markets increased their target price on shares of Xcel Energy from $90.00 to $94.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Xcel Energy has a consensus rating of “Buy” and a consensus price target of $90.63.

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.