Raleigh Capital Management Inc. Has $1.40 Million Holdings in Xcel Energy Inc. $XEL

Raleigh Capital Management Inc. cut its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 30.5% during the 1st quarter, Holdings Channel reports. The institutional investor owned 17,564 shares of the company’s stock after selling 7,710 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Xcel Energy were worth $1,395,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in XEL. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Xcel Energy in the third quarter worth approximately $27,000. Abound Wealth Management increased its position in Xcel Energy by 394.5% during the 4th quarter. Abound Wealth Management now owns 361 shares of the company’s stock valued at $27,000 after purchasing an additional 288 shares during the period. Evolution Wealth Management Inc. raised its holdings in Xcel Energy by 365.3% during the 1st quarter. Evolution Wealth Management Inc. now owns 349 shares of the company’s stock worth $28,000 after purchasing an additional 274 shares during the last quarter. Garton & Associates Financial Advisors LLC bought a new position in Xcel Energy during the 4th quarter worth approximately $30,000. Finally, Beacon Financial Strategies CORP acquired a new position in shares of Xcel Energy in the 4th quarter worth approximately $33,000. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Price Performance

Shares of XEL opened at $81.96 on Friday. Xcel Energy Inc. has a 52-week low of $66.56 and a 52-week high of $84.23. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.68 and a current ratio of 0.77. The business’s 50 day moving average price is $79.61 and its two-hundred day moving average price is $78.63. The firm has a market cap of $51.17 billion, a PE ratio of 23.62, a price-to-earnings-growth ratio of 2.13 and a beta of 0.39.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.91 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.91. The firm had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $4.21 billion. Xcel Energy had a return on equity of 10.37% and a net margin of 14.14%.The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.84 EPS. On average, equities analysts anticipate that Xcel Energy Inc. will post 4.11 EPS for the current year.

Xcel Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, June 15th will be paid a dividend of $0.5925 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.37 annualized dividend and a yield of 2.9%. Xcel Energy’s dividend payout ratio is currently 68.30%.

Analyst Upgrades and Downgrades

XEL has been the topic of a number of analyst reports. KeyCorp reaffirmed an “overweight” rating on shares of Xcel Energy in a research note on Monday, June 8th. Morgan Stanley set a $89.00 target price on shares of Xcel Energy in a research note on Wednesday, June 24th. JPMorgan Chase & Co. dropped their target price on shares of Xcel Energy from $94.00 to $91.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. BTIG Research reaffirmed a “buy” rating and set a $98.00 price target on shares of Xcel Energy in a research report on Friday, June 26th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Xcel Energy in a research report on Wednesday, June 17th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Xcel Energy presently has a consensus rating of “Buy” and an average target price of $91.29.

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.