Golden State Wealth Management LLC Takes Position in Xcel Energy Inc. (NASDAQ:XEL)

Golden State Wealth Management LLC bought a new position in Xcel Energy Inc. (NASDAQ:XEL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,871 shares of the company’s stock, valued at approximately $126,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. AMF Tjanstepension AB grew its position in shares of Xcel Energy by 185.2% in the third quarter. AMF Tjanstepension AB now owns 34,960 shares of the company’s stock valued at $2,283,000 after purchasing an additional 22,701 shares during the last quarter. Brookstone Capital Management boosted its stake in Xcel Energy by 4.3% during the 3rd quarter. Brookstone Capital Management now owns 5,723 shares of the company’s stock valued at $374,000 after purchasing an additional 238 shares during the period. CWM LLC grew its holdings in Xcel Energy by 95.8% in the 3rd quarter. CWM LLC now owns 72,286 shares of the company’s stock valued at $4,720,000 after buying an additional 35,363 shares during the last quarter. Wedmont Private Capital grew its holdings in Xcel Energy by 9.7% in the 3rd quarter. Wedmont Private Capital now owns 5,464 shares of the company’s stock valued at $344,000 after buying an additional 484 shares during the last quarter. Finally, Perpetual Ltd bought a new position in Xcel Energy in the 3rd quarter worth approximately $225,000. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Trading Down 0.8 %

Shares of XEL opened at $66.60 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. The stock has a market cap of $38.24 billion, a PE ratio of 19.36, a PEG ratio of 2.54 and a beta of 0.43. Xcel Energy Inc. has a 1 year low of $46.79 and a 1 year high of $73.38. The stock has a 50 day simple moving average of $67.35 and a 200-day simple moving average of $64.95.

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

Xcel Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Monday, January 6th were issued a dividend of $0.5475 per share. This represents a $2.19 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend was Monday, January 6th. Xcel Energy’s dividend payout ratio is currently 63.66%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on XEL shares. Barclays lowered their price objective on shares of Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 22nd. KeyCorp raised their price target on shares of Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Wells Fargo & Company boosted their price objective on shares of Xcel Energy from $72.00 to $75.00 and gave the stock an “overweight” rating in a 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 company from $69.00 to $80.00 in a research note on Thursday, December 12th. Finally, Jefferies Financial Group raised Xcel Energy from a “hold” rating to a “buy” rating and upped their price target for the company from $71.00 to $76.00 in a report on Friday, November 1st. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $69.91.

About Xcel Energy

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.