Apollon Wealth Management LLC Raises Stake in Xcel Energy Inc. (NASDAQ:XEL)

Apollon Wealth Management LLC grew its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,950 shares of the company’s stock after acquiring an additional 182 shares during the quarter. Apollon Wealth Management LLC’s holdings in Xcel Energy were worth $1,955,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in XEL. Dakota Wealth Management lifted its stake in shares of Xcel Energy by 0.7% in 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 during the last quarter. Integris Wealth Management LLC lifted its position in Xcel Energy by 2.6% in the fourth quarter. Integris Wealth Management LLC now owns 6,323 shares of the company’s stock valued at $427,000 after purchasing an additional 160 shares during the last quarter. Bond & Devick Financial Network Inc. boosted its stake in shares of Xcel Energy by 1.1% during the third quarter. Bond & Devick Financial Network Inc. now owns 15,972 shares of the company’s stock valued at $1,043,000 after purchasing an additional 168 shares during the period. LRI Investments LLC grew its holdings in shares of Xcel Energy by 5.9% in the third quarter. LRI Investments LLC now owns 3,037 shares of the company’s stock worth $209,000 after purchasing an additional 170 shares during the last quarter. Finally, Brooklyn Investment Group increased its stake in shares of Xcel Energy by 10.2% in the fourth quarter. Brooklyn Investment Group now owns 1,920 shares of the company’s stock worth $130,000 after buying an additional 178 shares during the period. 78.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

XEL has been the subject of several analyst reports. Wells Fargo & Company increased their price target on shares of Xcel Energy from $72.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday. JPMorgan Chase & Co. upgraded shares of Xcel Energy from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $69.00 to $80.00 in a report on Thursday, December 12th. Barclays reduced their price target on Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a report on Wednesday, January 22nd. KeyCorp increased their price objective on Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Finally, Morgan Stanley reduced their target price on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Three 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 stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.91.

Xcel Energy Trading Down 0.8 %

XEL stock opened at $66.60 on Monday. The firm has a fifty day moving average price of $67.35 and a 200 day moving average price of $64.95. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $73.38. The firm has a market cap of $38.24 billion, a PE ratio of 19.36, a price-to-earnings-growth ratio of 2.54 and a beta of 0.43. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. Sell-side analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Monday, January 6th were paid 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 currently 63.66%.

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.