Family Firm Inc. Takes Position in Xcel Energy Inc. (NASDAQ:XEL)

Family Firm Inc. purchased a new position in shares of Xcel Energy Inc. (NASDAQ:XEL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,025 shares of the company’s stock, valued at approximately $108,000.

Several other hedge funds have also made changes to their positions in XEL. Epiq Partners LLC increased its stake in shares of Xcel Energy by 0.7% in the first quarter. Epiq Partners LLC now owns 29,072 shares of the company’s stock valued at $1,563,000 after purchasing an additional 202 shares during the period. Avantax Advisory Services Inc. raised its stake in Xcel Energy by 1.3% during the 1st quarter. Avantax Advisory Services Inc. now owns 16,054 shares of the company’s stock valued at $863,000 after acquiring an additional 212 shares in the last quarter. Chicago Partners Investment Group LLC raised its stake in Xcel Energy by 3.7% during the 4th quarter. Chicago Partners Investment Group LLC now owns 6,249 shares of the company’s stock valued at $364,000 after acquiring an additional 222 shares in the last quarter. PFG Investments LLC boosted its position in Xcel Energy by 4.1% during the 1st quarter. PFG Investments LLC now owns 6,459 shares of the company’s stock worth $347,000 after acquiring an additional 252 shares during the period. Finally, Moody National Bank Trust Division grew its stake in shares of Xcel Energy by 7.5% in the first quarter. Moody National Bank Trust Division now owns 3,820 shares of the company’s stock worth $205,000 after purchasing an additional 266 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Trading Up 0.3 %

XEL traded up $0.20 during trading on Friday, reaching $60.12. The company had a trading volume of 2,069,299 shares, compared to its average volume of 4,341,444. The firm’s 50-day simple moving average is $55.99 and its 200 day simple moving average is $55.10. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.74 and a current ratio of 0.86. The company has a market cap of $33.41 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 2.60 and a beta of 0.37. Xcel Energy Inc. has a 12-month low of $46.79 and a 12-month high of $64.25.

Xcel Energy (NASDAQ:XEL) last released its earnings results on Thursday, August 1st. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.03). Xcel Energy had a return on equity of 11.00% and a net margin of 13.46%. The firm had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.29 billion. During the same period last year, the business earned $0.52 earnings per share. The business’s revenue was up .2% on a year-over-year basis. Equities research analysts anticipate that Xcel Energy Inc. will post 3.55 earnings per share for the current year.

Xcel Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, October 20th. Stockholders of record on Friday, September 13th will be given a $0.548 dividend. This represents a $2.19 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend is Friday, September 13th. This is a boost from Xcel Energy’s previous quarterly dividend of $0.55. Xcel Energy’s dividend payout ratio (DPR) is 65.77%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on XEL shares. Barclays lifted their price objective on shares of Xcel Energy from $56.00 to $57.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. Evercore ISI increased their price objective on shares of Xcel Energy from $54.00 to $59.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Morgan Stanley boosted their target price on Xcel Energy from $62.00 to $68.00 and gave the stock an “equal weight” rating in a report on Friday. Bank of America increased their price target on Xcel Energy from $63.00 to $66.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Finally, StockNews.com raised Xcel Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Xcel Energy currently has an average rating of “Moderate Buy” and an average price target of $62.45.

Xcel Energy Profile

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.