Segall Bryant & Hamill LLC Makes New Investment in Xcel Energy Inc. $XEL

Segall Bryant & Hamill LLC purchased a new stake in Xcel Energy Inc. (NASDAQ:XEL) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 62,493 shares of the company’s stock, valued at approximately $5,062,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Evolution Wealth Management Inc. lifted its holdings in shares of Xcel Energy by 365.3% during the 1st quarter. Evolution Wealth Management Inc. now owns 349 shares of the company’s stock worth $28,000 after acquiring an additional 274 shares during the period. Garton & Associates Financial Advisors LLC purchased a new stake in Xcel Energy in the fourth quarter valued at approximately $30,000. Pittenger & Anderson Inc. increased its position in Xcel Energy by 73.8% during the fourth quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock worth $35,000 after purchasing an additional 200 shares during the last quarter. Advocate Investing Services LLC acquired a new position in Xcel Energy during the fourth quarter worth approximately $38,000. Finally, Cedar Mountain Advisors LLC purchased a new position in Xcel Energy during the first quarter worth approximately $39,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Trading Down 0.7%

NASDAQ:XEL opened at $77.69 on Tuesday. The business’s 50-day moving average is $79.47 and its two-hundred day moving average is $79.50. The firm has a market capitalization of $48.50 billion, a PE ratio of 21.28, a price-to-earnings-growth ratio of 2.03 and a beta of 0.39. Xcel Energy Inc. has a 12 month low of $69.16 and a 12 month high of $84.23. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.70 and a quick ratio of 0.62.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Thursday, July 30th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.14. Xcel Energy had a return on equity of 10.65% and a net margin of 15.28%.The business had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same quarter last year, the firm earned $1.59 earnings per share. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. Research analysts predict that Xcel Energy Inc. will post 4.11 earnings per share for the current fiscal year.

Xcel Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.5925 per share. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, September 15th. Xcel Energy’s payout ratio is presently 64.93%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on XEL. Evercore reiterated an “outperform” rating and issued a $96.00 price target on shares of Xcel Energy in a report on Monday, May 4th. BMO Capital Markets dropped their price objective on Xcel Energy from $95.00 to $92.00 and set an “outperform” rating for the company in a report on Wednesday, July 22nd. Wall Street Zen lowered Xcel Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. BTIG Research reiterated a “buy” rating and issued a $99.00 target price on shares of Xcel Energy in a report on Friday. Finally, Morgan Stanley set a $89.00 price target on Xcel Energy in a research report on Wednesday, June 24th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Xcel Energy has an average rating of “Buy” and a consensus target price of $92.76.

About Xcel Energy

Xcel Energy (NASDAQ: XEL) is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company’s core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.

Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.