Evergreen Capital Management LLC Sells 1,572 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Evergreen Capital Management LLC trimmed its holdings in Xcel Energy Inc. (NASDAQ:XELFree Report) by 26.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,313 shares of the company’s stock after selling 1,572 shares during the quarter. Evergreen Capital Management LLC’s holdings in Xcel Energy were worth $249,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. McCarthy Grittinger Financial Group LLC bought a new position in shares of Xcel Energy during the third quarter worth $26,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Xcel Energy during the 1st quarter valued at about $27,000. Country Trust Bank grew its position in shares of Xcel Energy by 106.6% during the third quarter. Country Trust Bank now owns 535 shares of the company’s stock valued at $31,000 after purchasing an additional 276 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Xcel Energy in the third quarter worth about $31,000. Finally, Operose Advisors LLC purchased a new stake in shares of Xcel Energy in the third quarter worth about $33,000. 77.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on XEL. BMO Capital Markets lifted their price objective on Xcel Energy from $59.00 to $62.00 and gave the stock a “market perform” rating in a research note on Monday, December 18th. Wells Fargo & Company boosted their price target on shares of Xcel Energy from $63.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Friday, January 26th. KeyCorp increased their price objective on shares of Xcel Energy from $62.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, January 4th. StockNews.com upgraded shares of Xcel Energy from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Barclays lowered their price target on shares of Xcel Energy from $62.00 to $61.00 and set an “equal weight” rating for the company in a report on Monday, January 29th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $65.00.

Check Out Our Latest Stock Analysis on Xcel Energy

Xcel Energy Stock Performance

Shares of NASDAQ:XEL opened at $50.04 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.41. Xcel Energy Inc. has a 12 month low of $46.79 and a 12 month high of $71.96. The company has a market capitalization of $27.78 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 2.25 and a beta of 0.36. The firm’s 50-day moving average is $58.86 and its 200 day moving average is $59.13.

Xcel Energy (NASDAQ:XELGet Free Report) last released its earnings results on Thursday, January 25th. The company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). Xcel Energy had a net margin of 12.47% and a return on equity of 10.78%. The business had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same period in the prior year, the company posted $0.69 EPS. The company’s quarterly revenue was down 15.1% compared to the same quarter last year. Research analysts predict that Xcel Energy Inc. will post 3.57 EPS for the current year.

Xcel Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, April 20th. Shareholders of record on Friday, March 15th will be paid a $0.548 dividend. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $2.19 dividend on an annualized basis and a yield of 4.38%. Xcel Energy’s dividend payout ratio (DPR) is presently 64.80%.

Xcel Energy Company Profile

(Free Report)

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.

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

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