Wade G W & Inc. Increases Position in Xcel Energy Inc. (NASDAQ:XEL)

Wade G W & Inc. raised its position in Xcel Energy Inc. (NASDAQ:XELFree Report) by 7.6% in the third quarter, Holdings Channel reports. The institutional investor owned 4,207 shares of the company’s stock after purchasing an additional 296 shares during the period. Wade G W & Inc.’s holdings in Xcel Energy were worth $241,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of XEL. Huntington National Bank increased its position in shares of Xcel Energy by 10.7% in the third quarter. Huntington National Bank now owns 21,823 shares of the company’s stock valued at $1,249,000 after buying an additional 2,103 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Xcel Energy during the third quarter worth $31,000. Bell Investment Advisors Inc raised its position in Xcel Energy by 238.2% during the third quarter. Bell Investment Advisors Inc now owns 646 shares of the company’s stock worth $37,000 after acquiring an additional 455 shares during the period. Pathstone Family Office LLC lifted its holdings in Xcel Energy by 255.3% during the third quarter. Pathstone Family Office LLC now owns 29,260 shares of the company’s stock valued at $1,677,000 after purchasing an additional 21,024 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its position in shares of Xcel Energy by 15.1% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 41,459 shares of the company’s stock valued at $2,372,000 after purchasing an additional 5,452 shares during the period. Institutional investors and hedge funds own 77.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on XEL shares. Wells Fargo & Company raised their price target on shares of Xcel Energy from $63.00 to $64.00 and gave the company an “equal weight” rating in a research note on Friday, January 26th. Barclays lowered their price target on Xcel Energy from $62.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Monday, January 29th. StockNews.com raised Xcel Energy from a “sell” rating to a “hold” rating in a research note on Sunday, November 5th. JPMorgan Chase & Co. lifted their target price on shares of Xcel Energy from $66.00 to $68.00 and gave the stock a “neutral” rating in a research note on Thursday, November 30th. Finally, KeyCorp increased their target price on shares of Xcel Energy from $62.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, January 4th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $65.00.

Check Out Our Latest Report on Xcel Energy

Xcel Energy Stock Performance

NASDAQ:XEL opened at $58.17 on Friday. The company’s 50-day moving average is $61.04 and its two-hundred day moving average is $59.76. Xcel Energy Inc. has a 1-year low of $53.73 and a 1-year high of $71.96. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.87 and a quick ratio of 0.73. The firm has a market capitalization of $32.10 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 2.70 and a beta of 0.40.

Xcel Energy (NASDAQ:XELGet Free Report) last released its quarterly earnings data on Thursday, January 25th. The company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The business had revenue of $3.44 billion during the quarter, compared to analyst estimates of $4.01 billion. Xcel Energy had a net margin of 12.47% and a return on equity of 10.88%. The company’s revenue was down 15.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.69 earnings per share. Analysts forecast that Xcel Energy Inc. will post 3.57 EPS for the current year.

Xcel Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, January 20th. Shareholders of record on Thursday, December 28th were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend was Wednesday, December 27th. Xcel Energy’s dividend payout ratio (DPR) is presently 64.80%.

Xcel Energy Profile

(Free Report)

Xcel Energy Inc, through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources.

Further Reading

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Institutional Ownership by Quarter for Xcel Energy (NASDAQ:XEL)

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