Xcel Energy Inc. (NASDAQ:XEL) Shares Purchased by Spirit of America Management Corp NY

Spirit of America Management Corp NY raised its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 14.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,400 shares of the company’s stock after acquiring an additional 1,050 shares during the quarter. Spirit of America Management Corp NY’s holdings in Xcel Energy were worth $549,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Dakota Wealth Management raised its holdings in Xcel Energy by 0.9% during the 3rd quarter. Dakota Wealth Management now owns 22,979 shares of the company’s stock worth $1,500,000 after buying an additional 205 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Xcel Energy by 60.4% in the third quarter. Assenagon Asset Management S.A. now owns 844,144 shares of the company’s stock worth $55,123,000 after acquiring an additional 317,938 shares in the last quarter. CENTRAL TRUST Co raised its holdings in shares of Xcel Energy by 27.2% during the third quarter. CENTRAL TRUST Co now owns 10,786 shares of the company’s stock valued at $704,000 after acquiring an additional 2,309 shares during the period. Patrick M Sweeney & Associates Inc. purchased a new stake in shares of Xcel Energy in the 3rd quarter valued at approximately $254,000. Finally, International Assets Investment Management LLC boosted its stake in Xcel Energy by 7,432.5% in the 3rd quarter. International Assets Investment Management LLC now owns 506,488 shares of the company’s stock worth $33,074,000 after purchasing an additional 499,764 shares during the period. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Price Performance

NASDAQ XEL opened at $65.11 on Friday. The stock has a 50-day simple moving average of $62.91 and a 200 day simple moving average of $57.74. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $65.64. The stock has a market capitalization of $36.30 billion, a PE ratio of 19.44, a P/E/G ratio of 2.80 and a beta of 0.39. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.86 and a current ratio of 0.97.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data 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 net margin of 13.46% and a return on equity of 10.94%. The business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.29 billion. During the same period in the prior year, the company posted $0.52 earnings per share. The firm’s revenue was up .2% compared to the same quarter last year. Research analysts anticipate that Xcel Energy Inc. will post 3.55 EPS for the current year.

Xcel Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, October 20th. Shareholders of record on Friday, September 13th were issued a $0.548 dividend. This represents a $2.19 annualized dividend and a yield of 3.37%. The ex-dividend date was Friday, September 13th. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.55. Xcel Energy’s payout ratio is 65.37%.

Wall Street Analyst Weigh In

XEL has been the topic of several recent analyst reports. KeyCorp boosted their target price on shares of Xcel Energy from $66.00 to $69.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Jefferies Financial Group began coverage on shares of Xcel Energy in a report on Thursday, September 19th. They set a “hold” rating and a $70.00 price target for the company. Barclays increased their target price on shares of Xcel Energy from $57.00 to $67.00 and gave the stock an “overweight” rating in a research report on Monday. Argus raised Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research note on Monday, August 26th. Finally, UBS Group raised their price objective on shares of Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $65.54.

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.