Spirit of America Management Corp NY Has $753,000 Position in Xcel Energy Inc. (NASDAQ:XEL)

Spirit of America Management Corp NY boosted its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 32.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,150 shares of the company’s stock after purchasing an additional 2,750 shares during the quarter. Spirit of America Management Corp NY’s holdings in Xcel Energy were worth $753,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of XEL. Dakota Wealth Management lifted its stake in Xcel Energy by 0.7% during the 4th quarter. Dakota Wealth Management now owns 23,130 shares of the company’s stock valued at $1,562,000 after acquiring an additional 151 shares in the last quarter. Integris Wealth Management LLC lifted its stake in Xcel Energy by 2.6% during the 4th quarter. Integris Wealth Management LLC now owns 6,323 shares of the company’s stock valued at $427,000 after acquiring an additional 160 shares in the last quarter. Bond & Devick Financial Network Inc. lifted its stake in Xcel Energy by 1.1% during the 3rd quarter. Bond & Devick Financial Network Inc. now owns 15,972 shares of the company’s stock valued at $1,043,000 after acquiring an additional 168 shares in the last quarter. LRI Investments LLC lifted its stake in Xcel Energy by 5.9% during the 3rd quarter. LRI Investments LLC now owns 3,037 shares of the company’s stock valued at $209,000 after acquiring an additional 170 shares in the last quarter. Finally, Brooklyn Investment Group lifted its stake in Xcel Energy by 10.2% during the 4th quarter. Brooklyn Investment Group now owns 1,920 shares of the company’s stock valued at $130,000 after acquiring an additional 178 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Stock Down 0.6 %

Shares of NASDAQ:XEL opened at $67.32 on Wednesday. The firm has a fifty day moving average price of $67.77 and a two-hundred day moving average price of $64.69. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $73.38. The company has a market cap of $38.66 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 2.54 and a beta of 0.43.

Xcel Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Monday, January 6th were issued a $0.5475 dividend. This represents a $2.19 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend was Monday, January 6th. Xcel Energy’s payout ratio is 64.99%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. KeyCorp lifted their target price on Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Wells Fargo & Company upgraded Xcel Energy from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $70.00 to $72.00 in a research note on Monday, January 13th. JPMorgan Chase & Co. upgraded Xcel Energy from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $69.00 to $80.00 in a research note on Thursday, December 12th. Jefferies Financial Group raised Xcel Energy from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $71.00 to $76.00 in a report on Friday, November 1st. Finally, Barclays dropped their price objective on shares of Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a report on Wednesday, January 22nd. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.64.

Xcel Energy Company Profile

Xcel Energy Inc, through its subsidiaries, engages in the generation, purchasing, transmission, distribution, and sale of electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through wind, nuclear, hydroelectric, biomass, and solar energy sources, as well as coal, natural gas, oil, wood, and refuse-derived fuels.