Hager Investment Management Services LLC Takes $68,000 Position in Xcel Energy Inc. (NASDAQ:XEL)

Hager Investment Management Services LLC acquired a new position in shares of Xcel Energy Inc. (NASDAQ:XEL) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,000 shares of the company’s stock, valued at approximately $68,000.

A number of other large investors have also recently bought and sold shares of the stock. AMF Tjanstepension AB boosted 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 worth $2,283,000 after acquiring an additional 22,701 shares during the last quarter. Czech National Bank boosted its holdings in shares of Xcel Energy by 7.3% in the 3rd quarter. Czech National Bank now owns 113,568 shares of the company’s stock valued at $7,416,000 after purchasing an additional 7,686 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Xcel Energy by 20.4% during the 3rd quarter. GAMMA Investing LLC now owns 12,257 shares of the company’s stock valued at $800,000 after buying an additional 2,074 shares during the period. Mather Group LLC. raised its position in shares of Xcel Energy by 23.7% in the 3rd quarter. Mather Group LLC. now owns 2,942 shares of the company’s stock worth $192,000 after buying an additional 564 shares during the period. Finally, Park Place Capital Corp boosted its holdings in Xcel Energy by 8.8% in the third quarter. Park Place Capital Corp now owns 6,611 shares of the company’s stock valued at $432,000 after acquiring an additional 537 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Price Performance

Shares of NASDAQ XEL opened at $67.95 on Thursday. Xcel Energy Inc. has a 1-year low of $46.79 and a 1-year high of $73.38. The firm has a market capitalization of $39.02 billion, a PE ratio of 20.16, a P/E/G ratio of 2.54 and a beta of 0.43. 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 business’s fifty day moving average price is $67.68 and its two-hundred day moving average price is $64.77.

Xcel Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Monday, January 6th were issued a $0.5475 dividend. This represents a $2.19 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date was Monday, January 6th. Xcel Energy’s dividend payout ratio (DPR) is 64.99%.

Analysts Set New Price Targets

Several equities research analysts have commented on XEL shares. Jefferies Financial Group upgraded Xcel Energy from a “hold” rating to a “buy” rating and upped their price target for the stock from $71.00 to $76.00 in a research note 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 for the company in a research report on Wednesday, January 22nd. Wells Fargo & Company raised shares of Xcel Energy from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $70.00 to $72.00 in a research report on Monday, January 13th. JPMorgan Chase & Co. raised shares of Xcel Energy from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $69.00 to $80.00 in a research report on Thursday, December 12th. Finally, KeyCorp lifted their target price on shares of Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.64.

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.