Xcel Energy Inc. (NASDAQ:XEL) Shares Purchased by Creative Planning

Creative Planning grew its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 116.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 282,619 shares of the company's stock after acquiring an additional 151,843 shares during the period. Creative Planning owned about 0.05% of Xcel Energy worth $15,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Epiq Partners LLC lifted its stake in Xcel Energy by 0.7% in 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. lifted its position in shares of Xcel Energy by 1.3% in the first quarter. Avantax Advisory Services Inc. now owns 16,054 shares of the company's stock worth $863,000 after buying an additional 212 shares in the last quarter. Chicago Partners Investment Group LLC boosted its stake in Xcel Energy by 3.7% during the fourth quarter. Chicago Partners Investment Group LLC now owns 6,249 shares of the company's stock valued at $364,000 after buying an additional 222 shares during the last quarter. Bailard Inc. boosted its stake in Xcel Energy by 2.0% during the second quarter. Bailard Inc. now owns 12,074 shares of the company's stock valued at $645,000 after buying an additional 242 shares during the last quarter. Finally, Moody National Bank Trust Division grew its holdings in Xcel Energy by 7.5% during the 1st quarter. Moody National Bank Trust Division now owns 3,820 shares of the company's stock valued at $205,000 after buying an additional 266 shares in the last quarter. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wells Fargo & Company increased their target price on Xcel Energy from $57.00 to $63.00 and gave the company an "equal weight" rating in a research report on Friday, August 2nd. KeyCorp lifted their target price on Xcel Energy from $66.00 to $69.00 and gave the company an "overweight" rating in a research report on Monday. Jefferies Financial Group initiated coverage on shares of Xcel Energy in a research note on Thursday, September 19th. They issued a "hold" rating and a $70.00 price objective for the company. Morgan Stanley raised their target price on shares of Xcel Energy from $68.00 to $73.00 and gave the company an "equal weight" rating in a research report on Wednesday, September 25th. Finally, UBS Group upped their price target 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. Eight equities 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 stock currently has a consensus rating of "Hold" and an average price target of $64.36.

Xcel Energy Price Performance

NASDAQ XEL traded up $0.11 on Tuesday, hitting $65.41. The company had a trading volume of 1,344,213 shares, compared to its average volume of 4,230,944. Xcel Energy Inc. has a 12-month low of $46.79 and a 12-month high of $65.64. 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 company's fifty day moving average price is $61.02 and its 200-day moving average price is $56.50. The company has a market capitalization of $36.34 billion, a PE ratio of 19.67, a PEG ratio of 2.82 and a beta of 0.38.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 10.94% and a net margin of 13.46%. Xcel Energy's revenue was up .2% compared to the same quarter last year. During the same period last year, the business earned $0.52 EPS. As a group, analysts predict that Xcel Energy Inc. will post 3.55 earnings per share for the current year.

Xcel Energy Increases Dividend

The company 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 $0.548 dividend. This is a positive change from Xcel Energy's previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Friday, September 13th. This represents a $2.19 dividend on an annualized basis and a yield of 3.35%. Xcel Energy's payout ratio is presently 65.77%.

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.