Summit Trail Advisors LLC Has $1.61 Million Stock Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Summit Trail Advisors LLC grew its position in Xcel Energy Inc. (NASDAQ:XEL) by 8.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,853 shares of the company’s stock after purchasing an additional 1,911 shares during the period. Summit Trail Advisors LLC’s holdings in Xcel Energy were worth $1,611,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. State Street Corp grew its position in shares of Xcel Energy by 6.7% in the 3rd quarter. State Street Corp now owns 37,143,025 shares of the company’s stock valued at $2,445,477,000 after acquiring an additional 2,323,448 shares during the period. Massachusetts Financial Services Co. MA increased its position in Xcel Energy by 6.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 15,190,756 shares of the company’s stock worth $991,956,000 after purchasing an additional 892,740 shares in the last quarter. Geode Capital Management LLC increased its position in Xcel Energy by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 14,562,103 shares of the company’s stock worth $952,091,000 after purchasing an additional 262,191 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Xcel Energy by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,417,615 shares of the company’s stock worth $223,170,000 after acquiring an additional 67,820 shares during the last quarter. Finally, Brookfield Corp ON boosted its stake in shares of Xcel Energy by 520.1% in the 3rd quarter. Brookfield Corp ON now owns 2,509,031 shares of the company’s stock valued at $163,840,000 after purchasing an additional 2,104,405 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Price Performance

Shares of XEL stock opened at $66.88 on Tuesday. 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 capitalization of $38.41 billion, a price-to-earnings ratio of 19.44, a PEG 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. The stock’s 50-day simple moving average is $67.35 and its 200-day simple moving average is $65.01.

Xcel Energy (NASDAQ:XEL) last announced its earnings results on Thursday, February 6th. The company reported $0.81 earnings per share 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%. As a group, equities analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Monday, January 6th were paid a dividend of $0.5475 per share. This represents a $2.19 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend was Monday, January 6th. Xcel Energy’s payout ratio is 63.66%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. KeyCorp increased their target price 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 upped their price objective for the stock from $71.00 to $76.00 in a report on Friday, November 1st. JPMorgan Chase & Co. upgraded shares of Xcel Energy from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $69.00 to $80.00 in a report on Thursday, December 12th. Wells Fargo & Company upped 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. Finally, Morgan Stanley lowered their price objective on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Xcel Energy currently has an average rating of “Moderate Buy” and an average price target 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.