AlphaQuest LLC Has $4.11 Million Stock Holdings in Xcel Energy Inc. $XEL

AlphaQuest LLC raised its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 484.7% during the fourth quarter, HoldingsChannel reports. The firm owned 55,627 shares of the company’s stock after acquiring an additional 46,114 shares during the quarter. AlphaQuest LLC’s holdings in Xcel Energy were worth $4,109,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Xcel Energy in the 3rd quarter valued at $27,000. Abound Wealth Management boosted its holdings in shares of Xcel Energy by 394.5% in the 4th quarter. Abound Wealth Management now owns 361 shares of the company’s stock valued at $27,000 after purchasing an additional 288 shares in the last quarter. First Command Advisory Services Inc. acquired a new stake in shares of Xcel Energy in the 3rd quarter valued at $32,000. Beacon Financial Strategies CORP acquired a new stake in shares of Xcel Energy in the 4th quarter valued at $33,000. Finally, Pittenger & Anderson Inc. boosted its holdings in shares of Xcel Energy by 73.8% in the 4th quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock valued at $35,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on XEL shares. JPMorgan Chase & Co. reduced their target price on Xcel Energy from $94.00 to $91.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. KeyCorp raised their target price on Xcel Energy from $89.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Weiss Ratings raised 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 Xcel Energy in a report on Thursday, March 12th. Finally, BTIG Research set a $94.00 price objective on Xcel Energy in a report on Friday, January 30th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $90.63.

Xcel Energy Stock Performance

NASDAQ XEL opened at $81.08 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 twelve month low of $65.21 and a twelve month high of $84.23. The company has a market cap of $50.62 billion, a price-to-earnings ratio of 23.37, a price-to-earnings-growth ratio of 2.11 and a beta of 0.41. The business’s fifty day moving average is $79.91 and its 200 day moving average is $78.62.

Xcel Energy (NASDAQ:XEL) last announced its earnings results on Wednesday, April 29th. The company reported $0.91 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.91. The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.21 billion. Xcel Energy had a return on equity of 10.37% and a net margin of 14.14%.Xcel Energy’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the company earned $0.84 EPS. As a group, sell-side analysts expect that Xcel Energy Inc. will post 4.11 EPS for the current fiscal year.

Xcel Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, June 15th will be given a dividend of $0.5925 per share. This represents a $2.37 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Monday, June 15th. Xcel Energy’s dividend payout ratio (DPR) 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.