Claro Advisors LLC Sells 1,737 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Claro Advisors LLC trimmed its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 6.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,938 shares of the company’s stock after selling 1,737 shares during the period. Claro Advisors LLC’s holdings in Xcel Energy were worth $1,448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kesler Norman & Wride LLC lifted its position in Xcel Energy by 0.7% in the fourth quarter. Kesler Norman & Wride LLC now owns 26,007 shares of the company’s stock worth $1,610,000 after buying an additional 169 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Xcel Energy by 0.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 20,580 shares of the company’s stock worth $1,274,000 after purchasing an additional 182 shares during the period. Xponance Inc. grew its holdings in Xcel Energy by 0.3% during the 4th quarter. Xponance Inc. now owns 70,411 shares of the company’s stock valued at $4,359,000 after purchasing an additional 198 shares during the last quarter. Epiq Partners LLC raised its position in Xcel Energy by 0.7% in the 1st quarter. Epiq Partners LLC now owns 29,072 shares of the company’s stock worth $1,563,000 after purchasing an additional 202 shares during the period. Finally, Venture Visionary Partners LLC lifted its stake in Xcel Energy by 4.0% in the fourth quarter. Venture Visionary Partners LLC now owns 5,460 shares of the company’s stock worth $338,000 after purchasing an additional 210 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Stock Down 1.8 %

Shares of NASDAQ:XEL traded down $0.98 during trading hours on Monday, hitting $52.43. The company’s stock had a trading volume of 2,158,392 shares, compared to its average volume of 4,774,862. The firm’s fifty day moving average price is $54.58 and its 200 day moving average price is $56.31. Xcel Energy Inc. has a 52 week low of $46.79 and a 52 week high of $65.62. The company has a market capitalization of $29.13 billion, a price-to-earnings ratio of 15.72, a P/E/G ratio of 2.35 and a beta of 0.37. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.86 and a quick ratio of 0.74.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.08. The company had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $4.12 billion. Xcel Energy had a net margin of 13.36% and a return on equity of 11.03%. Xcel Energy’s revenue for the quarter was down 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.76 earnings per share. As a group, research analysts expect that Xcel Energy Inc. will post 3.56 EPS for the current year.

Xcel Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, July 20th. Investors of record on Friday, June 14th will be given a dividend of $0.5475 per share. This represents a $2.19 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date is Friday, June 14th. Xcel Energy’s payout ratio is currently 65.77%.

Analyst Ratings Changes

Several brokerages have recently weighed in on XEL. TheStreet downgraded Xcel Energy from a “b-” rating to a “c+” rating in a report on Thursday, March 14th. JPMorgan Chase & Co. cut their price objective on Xcel Energy from $68.00 to $59.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 13th. StockNews.com upgraded Xcel Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Evercore ISI upped their price target on shares of Xcel Energy from $54.00 to $59.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Finally, Wolfe Research upgraded shares of Xcel Energy from a “peer perform” rating to an “outperform” rating and set a $58.00 price objective for the company in a report on Monday, March 11th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Xcel Energy currently has an average rating of “Moderate Buy” and an average price target of $62.00.

Xcel Energy Company 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.