Summit Trail Advisors LLC Boosts Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

Summit Trail Advisors LLC raised its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 4.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,852 shares of the company’s stock after buying an additional 918 shares during the quarter. Summit Trail Advisors LLC’s holdings in Xcel Energy were worth $1,178,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of XEL. Heritage Wealth Advisors purchased a new stake in Xcel Energy during the fourth quarter valued at approximately $25,000. Tidemark LLC purchased a new stake in shares of Xcel Energy during the 4th quarter valued at $29,000. Quarry LP purchased a new position in Xcel Energy during the 4th quarter worth $34,000. TruNorth Capital Management LLC acquired a new position in Xcel Energy during the 2nd quarter valued at about $30,000. Finally, American National Bank purchased a new stake in Xcel Energy in the second quarter valued at about $32,000. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Stock Performance

Shares of NASDAQ XEL opened at $64.13 on Friday. The company has a market capitalization of $35.63 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 2.81 and a beta of 0.38. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.86 and a current ratio of 0.97. The company’s fifty day moving average price is $59.89 and its 200 day moving average price is $55.91. Xcel Energy Inc. has a 1 year low of $46.79 and a 1 year high of $64.95.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Thursday, August 1st. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.03). The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.29 billion. Xcel Energy had a net margin of 13.46% and a return on equity of 10.94%. Xcel Energy’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the business earned $0.52 earnings per share. On average, research analysts predict 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 dividend of $0.548 per share. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.55. The ex-dividend date is Friday, September 13th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.42%. Xcel Energy’s dividend payout ratio (DPR) is 65.77%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on XEL. Argus upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Monday, August 26th. Jefferies Financial Group started coverage on shares of Xcel Energy in a research note on Thursday. They set a “hold” rating and a $70.00 price target on the stock. Wells Fargo & Company lifted their price objective on shares of Xcel Energy from $57.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. UBS Group upped their target price on Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday. Finally, KeyCorp lifted their price target on Xcel Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $63.79.

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.