Xcel Energy Inc. (NASDAQ:XEL) Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lifted its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 9.7% in the fourth quarter, HoldingsChannel reports. The firm owned 10,879 shares of the company’s stock after buying an additional 959 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Xcel Energy were worth $735,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in shares of Xcel Energy in the third quarter worth $25,000. Sierra Ocean LLC acquired a new stake in Xcel Energy in the 4th quarter valued at about $26,000. Transcendent Capital Group LLC purchased a new position in shares of Xcel Energy in the 3rd quarter valued at about $33,000. Crews Bank & Trust acquired a new position in shares of Xcel Energy during the fourth quarter worth about $34,000. Finally, MCF Advisors LLC grew its position in shares of Xcel Energy by 566.3% during the fourth quarter. MCF Advisors LLC now owns 593 shares of the company’s stock worth $40,000 after buying an additional 504 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analyst Upgrades and Downgrades

XEL has been the subject of a number of recent research reports. Jefferies Financial Group upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and lifted their price target for the stock from $71.00 to $76.00 in a research note on Friday, November 1st. 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 their price target on Xcel Energy from $72.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. KeyCorp lifted their price target on Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Finally, Barclays lowered their price objective on Xcel Energy from $71.00 to $69.00 and set an “overweight” rating for the company in a research report on Wednesday, January 22nd. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $69.91.

Xcel Energy Trading Up 0.9 %

XEL opened at $69.94 on Monday. The business’s 50 day moving average is $67.09 and its two-hundred day moving average is $65.73. The firm has a market cap of $40.16 billion, a price-to-earnings ratio of 20.33, a price-to-earnings-growth ratio of 2.62 and a beta of 0.43. Xcel Energy Inc. has a 52 week low of $46.79 and a 52 week high of $73.38. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42.

Xcel Energy (NASDAQ:XEL) last announced its earnings results on Thursday, February 6th. The company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates 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, research analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Monday, January 6th were given a $0.5475 dividend. This represents a $2.19 annualized dividend and a yield of 3.13%. The ex-dividend date was Monday, January 6th. Xcel Energy’s dividend payout ratio (DPR) is presently 63.66%.

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.