3,795 Shares in Xcel Energy Inc. (NASDAQ:XEL) Bought by Premier Path Wealth Partners LLC

Premier Path Wealth Partners LLC bought a new stake in Xcel Energy Inc. (NASDAQ:XEL) in the 4th quarter, Holdings Channel reports. The institutional investor bought 3,795 shares of the company’s stock, valued at approximately $256,000.

A number of other hedge funds have also recently made changes to their positions in XEL. Sanibel Captiva Trust Company Inc. increased its holdings in Xcel Energy by 19.7% in the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 19,538 shares of the company’s stock valued at $1,319,000 after purchasing an additional 3,219 shares during the period. 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 valued at $130,000 after buying an additional 178 shares during the period. Merit Financial Group LLC raised its position in shares of Xcel Energy by 389.8% during the fourth quarter. Merit Financial Group LLC now owns 17,108 shares of the company’s stock worth $1,155,000 after acquiring an additional 13,615 shares during the last quarter. Procyon Advisors LLC boosted its holdings in Xcel Energy by 6.9% in the fourth quarter. Procyon Advisors LLC now owns 28,617 shares of the company’s stock valued at $1,932,000 after acquiring an additional 1,845 shares during the last quarter. Finally, Everpar Advisors LLC increased its position in Xcel Energy by 5.1% during the 4th quarter. Everpar Advisors LLC now owns 5,881 shares of the company’s stock valued at $397,000 after purchasing an additional 287 shares during the period. 78.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Morgan Stanley lowered 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. Wells Fargo & Company raised Xcel Energy from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $70.00 to $72.00 in a research note on Monday, January 13th. JPMorgan Chase & Co. raised shares of Xcel Energy from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $69.00 to $80.00 in a research report on Thursday, December 12th. Jefferies Financial Group raised 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 research note on Friday, November 1st. Finally, KeyCorp lifted their price target on shares of Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Xcel Energy currently has an average rating of “Moderate Buy” and a consensus price target of $69.67.

Xcel Energy Stock Up 0.8 %

Shares of NASDAQ:XEL opened at $66.72 on Monday. Xcel Energy Inc. has a 1 year low of $46.79 and a 1 year high of $73.38. The business has a fifty day moving average price of $68.41 and a two-hundred day moving average price of $63.58. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. The company has a market capitalization of $38.31 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 2.40 and a beta of 0.42.

Xcel Energy (NASDAQ:XEL) last issued its earnings results on Thursday, October 31st. The company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.01). The firm had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.23 earnings per share. Analysts forecast that Xcel Energy Inc. will post 3.54 earnings per share for the current year.

Xcel Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Monday, January 6th will be paid a $0.5475 dividend. This represents a $2.19 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Monday, January 6th. Xcel Energy’s dividend payout ratio is presently 64.99%.

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.