Everpar Advisors LLC Acquires New Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Everpar Advisors LLC bought a new position in shares of Xcel Energy Inc. (NASDAQ:XEL) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 11,276 shares of the company’s stock, valued at approximately $698,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC bought a new stake in Xcel Energy during the 4th quarter valued at approximately $25,000. Criterion Capital Advisors LLC bought a new stake in shares of Xcel Energy in the fourth quarter valued at approximately $25,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in shares of Xcel Energy in the fourth quarter worth $25,000. Capital Analysts LLC raised its stake in Xcel Energy by 293.6% during the 4th quarter. Capital Analysts LLC now owns 433 shares of the company’s stock valued at $26,000 after purchasing an additional 323 shares during the last quarter. Finally, Royal London Asset Management Ltd. bought a new stake in Xcel Energy in the 3rd quarter valued at $27,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Price Performance

Shares of XEL traded up $0.66 during mid-day trading on Tuesday, hitting $55.02. 4,676,223 shares of the company traded hands, compared to its average volume of 5,351,011. The company has a current ratio of 0.86, a quick ratio of 0.74 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $30.57 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 2.38 and a beta of 0.36. The business has a 50-day moving average of $53.10 and a 200 day moving average of $57.83. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $69.85.

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

Xcel Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, April 20th. Shareholders of record on Friday, March 15th were given a dividend of $0.548 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Xcel Energy’s previous quarterly dividend of $0.52. This represents a $2.19 dividend on an annualized basis and a yield of 3.98%. Xcel Energy’s dividend payout ratio is presently 65.77%.

Analyst Ratings Changes

Several brokerages have recently weighed in on XEL. Barclays lifted their price objective on Xcel Energy from $56.00 to $57.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Wolfe Research upgraded shares of Xcel Energy from a “peer perform” rating to an “outperform” rating and set a $58.00 target price on the stock in a research report on Monday, March 11th. JPMorgan Chase & Co. cut their price target on shares of Xcel Energy from $68.00 to $59.00 and set a “neutral” rating for the company in a research note on Wednesday, March 13th. Bank of America upped their price objective on Xcel Energy from $63.00 to $66.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Finally, StockNews.com raised Xcel Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Six research 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 company presently has a consensus rating of “Moderate Buy” and an average price target of $62.83.

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.