AdvisorNet Financial Inc Has $935,000 Stock Holdings in Xcel Energy Inc. (NASDAQ:XEL)

AdvisorNet Financial Inc reduced its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 38.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 13,851 shares of the company's stock after selling 8,753 shares during the period. AdvisorNet Financial Inc's holdings in Xcel Energy were worth $935,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in XEL. Integris Wealth Management LLC grew its position in shares of Xcel Energy by 2.7% in the 3rd quarter. Integris Wealth Management LLC now owns 6,163 shares of the company's stock valued at $402,000 after acquiring an additional 163 shares during the period. Bond & Devick Financial Network Inc. boosted its holdings in shares of Xcel Energy by 1.1% during the third quarter. Bond & Devick Financial Network Inc. now owns 15,972 shares of the company's stock worth $1,043,000 after acquiring an additional 168 shares during the period. LRI Investments LLC grew its position in shares of Xcel Energy by 5.9% in the third quarter. LRI Investments LLC now owns 3,037 shares of the company's stock valued at $209,000 after purchasing an additional 170 shares during the last quarter. Gateway Wealth Partners LLC increased its stake in shares of Xcel Energy by 4.3% during the second quarter. Gateway Wealth Partners LLC now owns 4,413 shares of the company's stock worth $236,000 after purchasing an additional 182 shares during the period. Finally, Sumitomo Life Insurance Co. lifted its holdings in Xcel Energy by 2.9% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 6,591 shares of the company's stock worth $430,000 after purchasing an additional 183 shares during the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Price Performance

Xcel Energy stock traded up $0.86 during midday trading on Wednesday, reaching $64.94. The company's stock had a trading volume of 2,655,589 shares, compared to its average volume of 3,725,365. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. The stock has a market cap of $37.29 billion, a PE ratio of 19.27, a price-to-earnings-growth ratio of 2.79 and a beta of 0.42. Xcel Energy Inc. has a 52 week low of $46.79 and a 52 week high of $73.38. The business has a 50-day moving average price of $68.45 and a 200-day moving average price of $63.38.

Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.01). Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.93 billion. During the same period last year, the firm posted $1.23 earnings per share. The company's revenue for the quarter was down .5% compared to the same quarter last year. On average, sell-side analysts predict that Xcel Energy Inc. will post 3.54 EPS for the current year.

Xcel Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Monday, January 6th will be issued a dividend of $0.5475 per share. This represents a $2.19 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend is Monday, January 6th. Xcel Energy's dividend payout ratio (DPR) is 64.99%.

Wall Street Analysts Forecast Growth

XEL has been the topic of several recent research reports. Barclays increased their price objective on Xcel Energy from $67.00 to $71.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 26th. KeyCorp upped their price target on shares of Xcel Energy from $74.00 to $79.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. Wells Fargo & Company upgraded shares of Xcel Energy from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $70.00 to $72.00 in a research note on Monday. UBS Group increased their target price on shares of Xcel Energy from $66.00 to $67.00 and gave the stock a "neutral" rating in a research report on Friday, September 20th. Finally, Jefferies Financial Group upgraded Xcel Energy from a "hold" rating to a "buy" rating and boosted their price target for the company from $71.00 to $76.00 in a research note on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $69.67.

Xcel Energy 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.