Great Waters Wealth Management Has $1.07 Million Stake in Xcel Energy Inc. (NASDAQ:XEL)

Great Waters Wealth Management lowered its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 2.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,315 shares of the company’s stock after selling 413 shares during the quarter. Great Waters Wealth Management’s holdings in Xcel Energy were worth $1,065,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Gateway Wealth Partners LLC boosted its position in shares of Xcel Energy by 4.3% during the 2nd quarter. Gateway Wealth Partners LLC now owns 4,413 shares of the company’s stock worth $236,000 after purchasing an additional 182 shares in the last quarter. Epiq Partners LLC boosted its position in shares of Xcel Energy by 0.7% during 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 in the last quarter. Avantax Advisory Services Inc. boosted its position in shares of Xcel Energy by 1.3% during the 1st quarter. Avantax Advisory Services Inc. now owns 16,054 shares of the company’s stock worth $863,000 after purchasing an additional 212 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in shares of Xcel Energy by 3.7% during the 4th quarter. Chicago Partners Investment Group LLC now owns 6,249 shares of the company’s stock worth $364,000 after purchasing an additional 222 shares in the last quarter. Finally, Bailard Inc. boosted its position in shares of Xcel Energy by 2.0% during the 2nd quarter. Bailard Inc. now owns 12,074 shares of the company’s stock worth $645,000 after purchasing an additional 242 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on XEL. Argus raised shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research report on Monday, August 26th. Wells Fargo & Company upped their target price on shares of Xcel Energy from $57.00 to $63.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. UBS Group upped their target price on shares of Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. KeyCorp upped their target price on shares of Xcel Energy from $66.00 to $69.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Finally, Jefferies Financial Group assumed coverage on shares of Xcel Energy in a report on Thursday, September 19th. They issued a “hold” rating and a $70.00 target price on the stock. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $64.36.

Xcel Energy Stock Down 1.0 %

NASDAQ XEL traded down $0.67 during trading on Friday, reaching $63.73. 3,052,914 shares of the company’s stock traded hands, compared to its average volume of 4,206,958. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.97 and a quick ratio of 0.86. The firm has a market cap of $35.41 billion, a price-to-earnings ratio of 19.14, a price-to-earnings-growth ratio of 2.82 and a beta of 0.39. The company’s 50 day simple moving average is $61.67 and its two-hundred day simple moving average is $56.79. Xcel Energy Inc. has a 12-month low of $46.79 and a 12-month high of $65.64.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.03). Xcel Energy had a net margin of 13.46% and a return on equity of 10.94%. The firm had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter in the prior year, the business posted $0.52 earnings per share. The firm’s quarterly revenue was up .2% on a year-over-year basis. As a group, sell-side analysts forecast that Xcel Energy Inc. will post 3.55 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, October 20th. Shareholders of record on Friday, September 13th will be given a dividend of $0.548 per share. This represents a $2.19 annualized dividend and a yield of 3.44%. The ex-dividend date is Friday, September 13th. This is an increase from Xcel Energy’s previous quarterly dividend of $0.55. Xcel Energy’s payout ratio is currently 65.77%.

About Xcel Energy

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.