V Wealth Advisors LLC Sells 1,392 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Posted by Defense World Staff on Mar 31st, 2023

V Wealth Advisors LLC cut its stake in Xcel Energy Inc. (NASDAQ:XEL – Get Rating) by 30.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,222 shares of the company’s stock after selling 1,392 shares during the period. V Wealth Advisors LLC’s holdings in Xcel Energy were worth $226,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in XEL. Old North State Trust LLC acquired a new position in Xcel Energy in the third quarter valued at approximately $26,000. Burleson & Company LLC acquired a new position in Xcel Energy in the third quarter valued at approximately $32,000. Pinnacle Financial Partners Inc. acquired a new position in Xcel Energy in the third quarter valued at approximately $32,000. Armstrong Advisory Group Inc. acquired a new position in Xcel Energy in the fourth quarter valued at approximately $34,000. Finally, Guardian Wealth Advisors LLC acquired a new position in shares of Xcel Energy during the third quarter worth approximately $42,000. 77.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on XEL. Morgan Stanley lowered their target price on Xcel Energy from $66.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 21st. Wells Fargo & Company lowered their target price on Xcel Energy from $76.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Friday, January 27th. Finally, Mizuho lowered their target price on Xcel Energy from $75.00 to $72.00 and set a “buy” rating on the stock in a research report on Friday, March 17th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $70.10.

Xcel Energy Trading Up 0.6 %

NASDAQ XEL opened at $66.91 on Friday. The firm has a market capitalization of $36.79 billion, a P/E ratio of 21.11, a PEG ratio of 2.94 and a beta of 0.41. The business has a fifty day simple moving average of $66.71 and a 200 day simple moving average of $66.56. Xcel Energy Inc. has a 12 month low of $56.89 and a 12 month high of $77.66. The company has a current ratio of 0.85, a quick ratio of 0.71 and a debt-to-equity ratio of 1.37.

Xcel Energy (NASDAQ:XEL – Get Rating) last released its quarterly earnings results on Thursday, January 26th. The company reported $0.69 EPS for the quarter, meeting analysts’ consensus estimates of $0.69. The business had revenue of $4.05 billion during the quarter, compared to analyst estimates of $3.05 billion. Xcel Energy had a return on equity of 10.72% and a net margin of 11.34%. Xcel Energy’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.58 EPS. On average, analysts predict that Xcel Energy Inc. will post 3.37 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 20th. Shareholders of record on Wednesday, March 15th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Tuesday, March 14th. This is an increase from Xcel Energy’s previous quarterly dividend of $0.49. Xcel Energy’s dividend payout ratio is 65.62%.

Insider Buying and Selling at Xcel Energy

In other Xcel Energy news, SVP Frank P. Prager sold 737 shares of the company’s stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $65.00, for a total value of $47,905.00. Following the completion of the transaction, the senior vice president now owns 29,340 shares in the company, valued at approximately $1,907,100. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.05% of the company’s stock.

About Xcel Energy

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Xcel Energy, Inc operates as 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.