Lifelong Wealth Advisors Inc. Purchases 1,688 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Lifelong Wealth Advisors Inc. increased its position in Xcel Energy Inc. (NASDAQ:XEL) by 22.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,109 shares of the company’s stock after acquiring an additional 1,688 shares during the quarter. Lifelong Wealth Advisors Inc.’s holdings in Xcel Energy were worth $645,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of XEL. Bank of America Corp DE raised its holdings in Xcel Energy by 43.6% in the 4th quarter. Bank of America Corp DE now owns 20,762,745 shares of the company’s stock worth $1,401,901,000 after acquiring an additional 6,306,380 shares during the period. FMR LLC grew its position in Xcel Energy by 118.3% in the 4th quarter. FMR LLC now owns 6,608,044 shares of the company’s stock worth $446,175,000 after purchasing an additional 3,581,436 shares during the last quarter. Zimmer Partners LP grew its position in Xcel Energy by 1,625.7% in the 4th quarter. Zimmer Partners LP now owns 3,667,200 shares of the company’s stock worth $247,609,000 after purchasing an additional 3,454,700 shares during the last quarter. Pictet Asset Management Holding SA grew its position in Xcel Energy by 236.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,878,279 shares of the company’s stock worth $329,381,000 after purchasing an additional 3,429,353 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in Xcel Energy by 379.3% in the 4th quarter. Janus Henderson Group PLC now owns 4,022,085 shares of the company’s stock worth $271,578,000 after purchasing an additional 3,182,939 shares during the last quarter. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Performance

NASDAQ:XEL opened at $67.32 on Thursday. Xcel Energy Inc. has a 12-month low of $51.97 and a 12-month high of $73.38. The company has a quick ratio of 0.70, a current ratio of 0.80 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $38.83 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 2.38 and a beta of 0.37. The firm has a 50-day moving average price of $69.40 and a 200 day moving average price of $68.60.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.11). Xcel Energy had a return on equity of 10.20% and a net margin of 14.10%. The business had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.93 billion. During the same period last year, the company earned $0.88 EPS. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. Research analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, July 20th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.57 per share. The ex-dividend date is Friday, June 13th. This represents a $2.28 annualized dividend and a yield of 3.39%. Xcel Energy’s dividend payout ratio is 67.06%.

Analyst Ratings Changes

XEL has been the topic of several research analyst reports. Morgan Stanley decreased their price target on shares of Xcel Energy from $78.00 to $77.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 18th. UBS Group raised their price target on shares of Xcel Energy from $73.00 to $77.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 1st. Wells Fargo & Company set a $78.00 price target on shares of Xcel Energy and gave the stock an “overweight” rating in a research report on Friday, April 25th. Evercore ISI raised their price target on shares of Xcel Energy from $74.00 to $77.00 and gave the stock an “outperform” rating in a research report on Monday, April 28th. Finally, BMO Capital Markets raised their price target on shares of Xcel Energy from $69.00 to $73.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.80.

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.