Lake Street Advisors Group LLC Acquires 492 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Lake Street Advisors Group LLC boosted its position in Xcel Energy Inc. (NASDAQ:XEL) by 13.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,200 shares of the company’s stock after acquiring an additional 492 shares during the period. Lake Street Advisors Group LLC’s holdings in Xcel Energy were worth $284,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of XEL. Dakota Wealth Management raised its holdings in Xcel Energy by 0.7% in the fourth quarter. Dakota Wealth Management now owns 23,130 shares of the company’s stock worth $1,562,000 after buying an additional 151 shares during the last quarter. Rothschild Investment LLC boosted its position in shares of Xcel Energy by 26.0% in the fourth quarter. Rothschild Investment LLC now owns 731 shares of the company’s stock worth $49,000 after purchasing an additional 151 shares during the period. Integris Wealth Management LLC boosted its position in shares of Xcel Energy by 2.6% in the fourth quarter. Integris Wealth Management LLC now owns 6,323 shares of the company’s stock worth $427,000 after purchasing an additional 160 shares during the period. Bond & Devick Financial Network Inc. lifted its holdings in shares of Xcel Energy by 1.1% in the third quarter. Bond & Devick Financial Network Inc. now owns 15,972 shares of the company’s stock worth $1,043,000 after buying an additional 168 shares in the last quarter. Finally, LRI Investments LLC lifted 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 buying an additional 170 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised shares of Xcel Energy from a “neutral” rating to an “overweight” rating and upped their price target for the company from $69.00 to $80.00 in a research note on Thursday, December 12th. Morgan Stanley dropped their target price 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. Jefferies Financial Group upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and increased their target price for the stock from $71.00 to $76.00 in a report on Friday, November 1st. Barclays dropped their target price 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. Finally, Wells Fargo & Company increased their target price on shares of Xcel Energy from $72.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.91.

Xcel Energy Stock Performance

XEL stock opened at $72.10 on Friday. The firm has a market cap of $41.40 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 2.62 and a beta of 0.43. The firm has a 50-day simple moving average of $67.45 and a two-hundred day simple moving average of $66.07. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $73.38. 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 announced its quarterly earnings data on Thursday, February 6th. The company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. On average, equities analysts forecast that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, April 20th. Investors of record on Friday, March 14th will be given a $0.57 dividend. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Friday, March 14th. Xcel Energy’s dividend payout ratio (DPR) is presently 63.66%.

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.