Mattson Financial Services LLC Makes New Investment in Xcel Energy Inc. (NASDAQ:XEL)

Mattson Financial Services LLC acquired a new stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the second quarter, according to its most recent filing with the SEC. The fund acquired 21,463 shares of the company's stock, valued at approximately $1,146,000.

A number of other hedge funds have also bought and sold shares of the business. Gateway Wealth Partners LLC increased its position in shares of Xcel Energy by 4.3% in the second quarter. Gateway Wealth Partners LLC now owns 4,413 shares of the company's stock valued at $236,000 after acquiring an additional 182 shares during the period. Epiq Partners LLC lifted its stake in shares of Xcel Energy by 0.7% in the first quarter. Epiq Partners LLC now owns 29,072 shares of the company's stock worth $1,563,000 after buying an additional 202 shares in the last quarter. Avantax Advisory Services Inc. lifted its stake 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 lifted its position 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 purchasing an additional 222 shares during the period. Finally, Bailard Inc. lifted its position 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 purchasing an additional 242 shares during the period. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Xcel Energy Stock Down 1.2 %

NASDAQ XEL traded down $0.75 on Thursday, reaching $64.40. The company had a trading volume of 1,795,560 shares, compared to its average volume of 4,212,842. The firm has a market capitalization of $35.78 billion, a PE ratio of 19.37, a P/E/G ratio of 2.82 and a beta of 0.38. 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 50-day moving average of $61.40 and a 200-day moving average of $56.65. Xcel Energy Inc. has a 1 year low of $46.79 and a 1 year high of $65.64.

Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.03). Xcel Energy had a return on equity of 10.94% and a net margin of 13.46%. The company had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.29 billion. During the same period in the prior year, the business earned $0.52 earnings per share. Xcel Energy's quarterly revenue was up .2% on a year-over-year basis. On average, equities research analysts anticipate that Xcel Energy Inc. will post 3.55 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, October 20th. Investors 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 dividend yield of 3.40%. Xcel Energy's dividend payout ratio (DPR) is 65.77%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on XEL. 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. Argus upgraded shares of Xcel Energy from a "hold" rating to a "buy" rating and set a $68.00 price objective for the company in a report on Monday, August 26th. UBS Group lifted their price objective on shares of Xcel Energy from $66.00 to $67.00 and gave the company a "neutral" rating in a report on Friday, September 20th. KeyCorp raised their target price on shares of Xcel Energy from $66.00 to $69.00 and gave the company an "overweight" rating in a research report on Monday. Finally, Wells Fargo & Company lifted their price objective on shares of Xcel Energy from $57.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Friday, August 2nd. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $64.36.

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.