OneAscent Financial Services LLC Acquires New Holdings in Xcel Energy Inc. $XEL

OneAscent Financial Services LLC acquired a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 7,829 shares of the company’s stock, valued at approximately $578,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Xcel Energy by 2.7% during the third quarter. Vanguard Group Inc. now owns 76,725,720 shares of the company’s stock valued at $6,187,929,000 after acquiring an additional 2,001,018 shares in the last quarter. Cibc World Market Inc. bought a new position in Xcel Energy during the third quarter valued at approximately $6,994,000. BI Asset Management Fondsmaeglerselskab A S raised its position in Xcel Energy by 86.6% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 41,406 shares of the company’s stock valued at $3,339,000 after acquiring an additional 19,214 shares in the last quarter. USA Financial Formulas grew its holdings in Xcel Energy by 491.3% during the fourth quarter. USA Financial Formulas now owns 21,435 shares of the company’s stock valued at $1,583,000 after purchasing an additional 17,810 shares during the last quarter. Finally, Citigroup Inc. grew its holdings in Xcel Energy by 135.3% during the third quarter. Citigroup Inc. now owns 2,017,717 shares of the company’s stock valued at $162,729,000 after purchasing an additional 1,160,205 shares during the last quarter. Institutional investors own 78.38% of the company’s stock.

Analysts Set New Price Targets

XEL has been the topic of several analyst reports. Wall Street Zen downgraded Xcel Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Weiss Ratings upgraded Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 20th. Argus set a $86.00 price target on Xcel Energy in a report on Thursday, March 12th. KeyCorp increased their price target on Xcel Energy from $89.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Finally, BMO Capital Markets increased their price target on Xcel Energy from $90.00 to $94.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $90.63.

Xcel Energy Trading Up 1.6%

Shares of XEL stock opened at $79.04 on Friday. Xcel Energy Inc. has a 12 month low of $65.21 and a 12 month high of $84.23. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.45. The business’s 50 day moving average is $79.81 and its two-hundred day moving average is $78.51. The company has a market cap of $49.34 billion, a PE ratio of 22.78, a price-to-earnings-growth ratio of 2.05 and a beta of 0.39.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.91 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.91. The business had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $4.21 billion. Xcel Energy had a net margin of 14.14% and a return on equity of 10.37%. Xcel Energy’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the company posted $0.84 earnings per share. Equities analysts predict that Xcel Energy Inc. will post 4.11 EPS for the current year.

Xcel Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, June 15th will be paid a $0.5925 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.37 annualized dividend and a dividend yield of 3.0%. Xcel Energy’s dividend payout ratio (DPR) is presently 68.30%.

Xcel Energy Profile

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.