Choreo LLC Purchases 1,258 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Choreo LLC grew its position in Xcel Energy Inc. (NASDAQ:XEL) by 5.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,687 shares of the company’s stock after acquiring an additional 1,258 shares during the period. Choreo LLC’s holdings in Xcel Energy were worth $1,601,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in shares of Xcel Energy in the 3rd quarter valued at about $25,000. Transcendent Capital Group LLC bought a new position in shares of Xcel Energy in the 3rd quarter valued at about $33,000. Crews Bank & Trust bought a new position in shares of Xcel Energy in the 4th quarter valued at about $34,000. MCF Advisors LLC lifted its stake in shares of Xcel Energy by 566.3% during the 4th quarter. MCF Advisors LLC now owns 593 shares of the company’s stock worth $40,000 after buying an additional 504 shares during the last quarter. Finally, First Financial Corp IN acquired a new stake in shares of Xcel Energy during the 4th quarter worth about $46,000. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Down 0.8 %

Xcel Energy stock opened at $66.60 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. Xcel Energy Inc. has a 12-month low of $46.79 and a 12-month high of $73.38. The firm’s fifty day moving average is $67.47 and its 200 day moving average is $64.81. The company has a market capitalization of $38.24 billion, a PE ratio of 19.76, a PEG ratio of 2.54 and a beta of 0.43.

Xcel Energy (NASDAQ:XEL) last released its earnings results on Thursday, February 6th. The company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. As a group, sell-side analysts predict that Xcel Energy Inc. will post 3.54 EPS for the current fiscal year.

Xcel Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Monday, January 6th were issued a dividend of $0.5475 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.19 annualized dividend and a yield of 3.29%. Xcel Energy’s payout ratio is 64.99%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Xcel Energy from $72.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday. Morgan Stanley cut their target price on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. KeyCorp lifted their price objective on shares of Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Jefferies Financial Group upgraded shares of 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 research note 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 for the company in a research note on Wednesday, January 22nd. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.91.

Xcel Energy 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.