Invesco LLC Sells 208 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Invesco LLC lessened its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 5.0% during the second quarter, Holdings Channel.com reports. The firm owned 3,936 shares of the company’s stock after selling 208 shares during the quarter. Invesco LLC’s holdings in Xcel Energy were worth $210,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Lincoln National Corp boosted its holdings in shares of Xcel Energy by 27.9% during the 4th quarter. Lincoln National Corp now owns 5,299 shares of the company’s stock valued at $328,000 after acquiring an additional 1,156 shares during the last quarter. Principal Securities Inc. purchased a new stake in Xcel Energy in the fourth quarter worth approximately $896,000. Cary Street Partners Investment Advisory LLC grew its position in Xcel Energy by 22.4% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 3,777 shares of the company’s stock worth $234,000 after purchasing an additional 692 shares during the period. AGF Management Ltd. raised its stake in Xcel Energy by 131.9% during the 4th quarter. AGF Management Ltd. now owns 79,695 shares of the company’s stock valued at $4,934,000 after buying an additional 45,323 shares during the last quarter. Finally, NBC Securities Inc. lifted its holdings in shares of Xcel Energy by 5.4% during the 4th quarter. NBC Securities Inc. now owns 7,231 shares of the company’s stock valued at $447,000 after buying an additional 370 shares during the period. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Up 0.9 %

Shares of XEL stock opened at $63.49 on Tuesday. The company’s fifty day simple moving average is $57.89 and its two-hundred day simple moving average is $55.30. Xcel Energy Inc. has a 52 week low of $46.79 and a 52 week high of $64.25. The stock has a market cap of $35.40 billion, a P/E ratio of 19.07, a PEG ratio of 2.77 and a beta of 0.38. The company has a quick ratio of 0.86, a current ratio of 0.97 and a debt-to-equity ratio of 1.54.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Thursday, August 1st. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.03). The firm had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.29 billion. Xcel Energy had a return on equity of 10.94% and a net margin of 13.46%. Xcel Energy’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.52 earnings per share. Analysts predict that Xcel Energy Inc. will post 3.55 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, October 20th. Investors of record on Friday, September 13th will be issued a $0.548 dividend. The ex-dividend date is Friday, September 13th. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.55. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.45%. Xcel Energy’s dividend payout ratio (DPR) is 65.77%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on XEL shares. Morgan Stanley upped their price objective on Xcel Energy from $62.00 to $68.00 and gave the company an “equal weight” rating in a research report on Friday, August 23rd. Wells Fargo & Company increased 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 note on Friday, August 2nd. Finally, Argus upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Monday, August 26th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $62.92.

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.