Aptus Capital Advisors LLC Purchases 1,882 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Aptus Capital Advisors LLC increased its stake in Xcel Energy Inc. (NASDAQ:XELFree Report) by 21.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,457 shares of the company’s stock after purchasing an additional 1,882 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Xcel Energy were worth $598,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quilter Plc purchased a new stake in Xcel Energy in the first quarter worth approximately $255,201,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Xcel Energy during the 1st quarter worth $27,000. McCarthy Grittinger Financial Group LLC purchased a new position in shares of Xcel Energy during the 3rd quarter worth $26,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Xcel Energy during the 3rd quarter worth $31,000. Finally, Quarry LP boosted its stake in shares of Xcel Energy by 114.5% during the 1st quarter. Quarry LP now owns 532 shares of the company’s stock worth $36,000 after acquiring an additional 284 shares during the last quarter. Hedge funds and other institutional investors own 77.83% of the company’s stock.

Xcel Energy Stock Performance

Shares of NASDAQ XEL opened at $58.17 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.73 and a current ratio of 0.87. The company has a market cap of $32.10 billion, a P/E ratio of 18.12, a P/E/G ratio of 2.70 and a beta of 0.40. The firm’s fifty day moving average is $61.04 and its two-hundred day moving average is $59.76. Xcel Energy Inc. has a 52-week low of $53.73 and a 52-week high of $71.96.

Xcel Energy (NASDAQ:XELGet Free Report) last announced its quarterly earnings results on Thursday, January 25th. The company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The company had revenue of $3.44 billion during the quarter, compared to the consensus estimate of $4.01 billion. Xcel Energy had a net margin of 12.47% and a return on equity of 10.88%. The business’s revenue was down 15.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.69 earnings per share. As a group, analysts anticipate that Xcel Energy Inc. will post 3.57 EPS for the current fiscal year.

Xcel Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, January 20th. Stockholders of record on Thursday, December 28th were issued a $0.52 dividend. The ex-dividend date was Wednesday, December 27th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.58%. Xcel Energy’s dividend payout ratio (DPR) is presently 64.80%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Barclays dropped their price target on shares of Xcel Energy from $62.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Monday, January 29th. BMO Capital Markets lifted their price target on shares of Xcel Energy from $59.00 to $62.00 and gave the stock a “market perform” rating in a research note on Monday, December 18th. KeyCorp lifted their price target on shares of Xcel Energy from $62.00 to $68.00 and gave the stock an “overweight” rating in a research note on Thursday, January 4th. StockNews.com upgraded shares of Xcel Energy from a “sell” rating to a “hold” rating in a research note on Sunday, November 5th. Finally, Mizuho dropped their price target on shares of Xcel Energy from $69.00 to $62.00 and set a “buy” rating on the stock in a research note on Tuesday, October 24th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Xcel Energy currently has an average rating of “Hold” and an average price target of $65.00.

Read Our Latest Report on Xcel Energy

Xcel Energy Company Profile

(Free Report)

Xcel Energy Inc, through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources.

Further Reading

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Institutional Ownership by Quarter for Xcel Energy (NASDAQ:XEL)

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