Integrated Wealth Concepts LLC Acquires 28,851 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Integrated Wealth Concepts LLC raised its holdings in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 165.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,333 shares of the company's stock after buying an additional 28,851 shares during the period. Integrated Wealth Concepts LLC's holdings in Xcel Energy were worth $3,128,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Virtu Financial LLC boosted its holdings in shares of Xcel Energy by 12.0% during the 3rd quarter. Virtu Financial LLC now owns 4,347 shares of the company's stock worth $284,000 after buying an additional 466 shares during the period. Stock Yards Bank & Trust Co. boosted its holdings in shares of Xcel Energy by 12.6% during the third quarter. Stock Yards Bank & Trust Co. now owns 5,984 shares of the company's stock worth $391,000 after acquiring an additional 668 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Xcel Energy during the third quarter worth approximately $1,124,000. Synovus Financial Corp grew its position in shares of Xcel Energy by 17.7% in the third quarter. Synovus Financial Corp now owns 5,795 shares of the company's stock valued at $378,000 after purchasing an additional 873 shares during the last quarter. Finally, Copley Financial Group Inc. bought a new position in shares of Xcel Energy during the third quarter worth approximately $532,000. 78.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on XEL. StockNews.com raised Xcel Energy from a "sell" rating to a "hold" rating in a report on Saturday. Wells Fargo & Company upped their price target on shares of Xcel Energy from $72.00 to $75.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Barclays boosted their price objective on shares of Xcel Energy from $72.00 to $73.00 and gave the company an "overweight" rating in a report on Tuesday, April 22nd. UBS Group raised their target price on shares of Xcel Energy from $73.00 to $77.00 and gave the stock a "neutral" rating in a report on Tuesday, April 1st. Finally, Morgan Stanley set a $79.00 price target on Xcel Energy and gave the company an "outperform" rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $74.60.

Insider Activity at Xcel Energy

In other news, Director Devin W. Stockfish bought 2,170 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was purchased at an average cost of $68.93 per share, for a total transaction of $149,578.10. Following the completion of the transaction, the director now owns 3,007 shares of the company's stock, valued at $207,272.51. This trade represents a 259.26 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.09% of the stock is owned by insiders.

Xcel Energy Trading Down 1.8 %

Shares of XEL stock opened at $69.00 on Friday. Xcel Energy Inc. has a fifty-two week low of $51.97 and a fifty-two week high of $73.38. The stock's fifty day moving average price is $69.58 and its two-hundred day moving average price is $68.06. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. The company has a market cap of $39.74 billion, a PE ratio of 20.06, a P/E/G ratio of 2.62 and a beta of 0.39.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.11). The business had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.93 billion. Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. Equities analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, April 20th. Investors of record on Friday, March 14th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.30%. This is a boost from Xcel Energy's previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Friday, March 14th. Xcel Energy's dividend payout ratio is currently 67.06%.

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.

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