Royal Fund Management LLC Purchases 29,425 Shares of Xcel Energy Inc. $XEL

Royal Fund Management LLC boosted its position in Xcel Energy Inc. (NASDAQ:XEL) by 160.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,774 shares of the company’s stock after buying an additional 29,425 shares during the quarter. Royal Fund Management LLC’s holdings in Xcel Energy were worth $3,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Xcel Energy in the 2nd quarter worth approximately $25,000. ORG Partners LLC grew its holdings in shares of Xcel Energy by 168.4% during the 3rd quarter. ORG Partners LLC now owns 314 shares of the company’s stock valued at $25,000 after purchasing an additional 197 shares during the last quarter. Vermillion & White Wealth Management Group LLC bought a new position in shares of Xcel Energy during the 3rd quarter valued at $27,000. Abound Wealth Management raised its position in Xcel Energy by 394.5% in the 4th quarter. Abound Wealth Management now owns 361 shares of the company’s stock worth $27,000 after purchasing an additional 288 shares during the period. Finally, First Command Advisory Services Inc. purchased a new position in Xcel Energy in the 3rd quarter worth $32,000. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Trading Up 1.4%

Shares of XEL opened at $79.17 on Tuesday. The stock has a market capitalization of $49.39 billion, a P/E ratio of 23.15, a PEG ratio of 2.14 and a beta of 0.45. Xcel Energy Inc. has a twelve month low of $65.21 and a twelve month high of $84.23. The company has a quick ratio of 0.60, a current ratio of 0.71 and a debt-to-equity ratio of 1.35. The firm has a fifty day simple moving average of $79.33 and a two-hundred day simple moving average of $78.27.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data on Wednesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.96. The firm had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.77 billion. Xcel Energy had a net margin of 13.76% and a return on equity of 10.46%. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.81 earnings per share. On average, research analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 20th. Investors of record on Friday, March 13th will be issued a dividend of $0.5925 per share. The ex-dividend date is Friday, March 13th. This represents a $2.37 dividend on an annualized basis and a yield of 3.0%. This is a boost from Xcel Energy’s previous quarterly dividend of $0.57. Xcel Energy’s dividend payout ratio (DPR) is presently 69.30%.

Wall Street Analyst Weigh In

Several research firms have issued reports on XEL. BMO Capital Markets restated an “outperform” rating and set a $90.00 price target on shares of Xcel Energy in a research report on Friday, February 6th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $95.00 price objective on shares of Xcel Energy in a report on Friday, January 23rd. JPMorgan Chase & Co. lowered their target price on Xcel Energy from $90.00 to $87.00 and set an “overweight” rating for the company in a research note on Thursday, December 11th. Barclays dropped their target price on Xcel Energy from $85.00 to $82.00 and set an “overweight” rating for the company in a report on Thursday, January 15th. Finally, Morgan Stanley set a $91.00 price target on Xcel Energy in a research report on Friday, February 20th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Xcel Energy currently has a consensus rating of “Buy” and a consensus target price of $88.44.

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.