Kestra Advisory Services LLC Acquires 37,350 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Kestra Advisory Services LLC increased its position in Xcel Energy Inc. (NASDAQ:XEL – Get Rating) by 79.6% in the third quarter, according to the most recent SEC filing. The fund owned 84,301 shares of the company after purchasing an additional 37,350 shares during the period. Kestra Advisory Services LLC’s interests in Xcel Energy were valued at $5,395,000 at the time of the most recent SEC filing.

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A number of other major investors have also recently changed their holdings in XEL. Great Valley Advisor Group Inc. increased its stake in Xcel Energy by 5.3% in the second quarter. Great Valley Advisor Group Inc. now owns 13,706 shares of the company’s stock valued at $970,000 after purchasing an additional 695 shares during the period. Vermont-based Trust Co. acquired a new interest in Xcel Energy during the second quarter for approximately $88,000. Prospera Financial Services Inc increased its stake in Xcel Energy by 20.0% in the second quarter. Prospera Financial Services Inc now owns 11,309 shares of the Company’s stock valued at $800,000, having purchased an additional 1,888 shares during the period. Calamos Advisors LLC increased its stake in Xcel Energy by 2.7% during the second quarter. Calamos Advisors LLC now owns 230,219 shares of the Company’s shares valued at $16,290,000, having purchased an additional 6,094 shares during the period. Finally, Kinneret Advisory LLC increased its holding in Xcel Energy by 2.2% during the second quarter. Kinneret Advisory LLC now owns 30,974 shares of the Company’s shares valued at $2,207,000, having purchased an additional 656 shares during this period. 77.15% of the shares are currently owned by institutional investors.

Xcel Energy price performance

NASDAQ XEL shares opened at $68.76 on Thursday. Xcel Energy Inc. has a 52-week low of $56.89 and a 52-week high of $77.66. The stock has a market cap of $37.63 billion, a price-to-earnings ratio of 22.47, a PEG ratio of 3.27, and a beta of 0.40. The company has a debt to equity ratio of 1.42, a quick ratio of 0.86 and a current ratio of 1.04. The company’s 50-day simple moving average is $69.87 and its 200-day simple moving average is $69.24.

Xcel Energy (NASDAQ:XEL – Get Rating) last announced its quarterly earnings results on Thursday, October 27th. The company reported earnings per share of $1.18 for the quarter, missing the consensus estimate of $1.20 ($0.02). Xcel Energy had a net margin of 11.44% and a return on equity of 10.50%. The company had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $3.60 billion. As a group, research analysts expect Xcel Energy Inc. to report fiscal year-to-date earnings per share of 3.16.

Xcel Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 20th. Stockholders of record on Thursday, December 29 will receive a dividend of $0.4875 per share. The ex-dividend date is Wednesday December 28th. That equates to an annualized dividend of $1.95 and a dividend yield of 2.84%. Xcel Energy’s payout ratio is currently 63.73%.

Insiders place their bets

In other Xcel Energy news, SVP Frank P. Prager sold 1,138 shares of Xcel Energy in a transaction that took place on Wednesday, November 16th. The shares sold at an average price of $68.48 for a total transaction of $77,930.24. Following the transaction, the senior vice president now owns 28,036 shares of the company, valued at approximately $1,919,905.28. The transaction was disclosed in a legal filing with the SEC available at this link. Insiders own 0.05% of the company’s stock.

Analyst upgrades and downgrades

XEL has been the subject of a number of new analyst reports. StockNews.com reported on Xcel Energy in a report on Wednesday, October 12th. They give the company a “hold” rating. UBS Group increased its target price on Xcel Energy to $68.00 in a report on Monday, November 21. Wolfe Research upgraded Xcel Energy from a “peer perform” rating to a “outperform” rating in a report Thursday, October 20, and set a price target of $69.00 for the company. BMO Capital Markets lowered its price target on Xcel Energy from $80.00 to $71.00 and gave the company a “outperform” rating in a research note on Wednesday, October 5th. Finally, Morgan Stanley raised its price target on Xcel Energy to $67.00 from $63.00 and gave the company a breakeven weight rating in a research note on Thursday, December 15. Five analysts have rated the stock with a hold rating and seven with a buy rating. Based on data from MarketBeat, Xcel Energy currently has an average rating of Moderate Buy and a consensus target of $70.64.

About Xcel Energy

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Xcel Energy, Inc is a holding company engaged in the generation, purchase, transmission, distribution and sale of electricity. It operates through the following three segments: Regulated Electric Utility, Regulated Natural Gas Utility and All Others. The Regulated Electric Utility segment generates, transmits and distributes electricity primarily in Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Colorado, Texas and New Mexico.

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Institutional Ownership by Quarter for Xcel Energy (NASDAQ:XEL)

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