SNS Financial Group LLC Trims Holdings in Xcel Energy Inc. (NASDAQ:XEL)

SNS Financial Group LLC decreased its stake in shares of Xcel Energy Inc. (NASDAQ:XELFree Report) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,822 shares of the company’s stock after selling 296 shares during the quarter. SNS Financial Group LLC’s holdings in Xcel Energy were worth $426,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. McCarthy Grittinger Financial Group LLC purchased a new stake in Xcel Energy in the third quarter valued at $26,000. Royal London Asset Management Ltd. purchased a new stake in Xcel Energy in the third quarter valued at $27,000. Strategic Investment Solutions Inc. IL purchased a new stake in Xcel Energy in the first quarter valued at $27,000. Country Trust Bank raised its position in Xcel Energy by 106.6% in the third quarter. Country Trust Bank now owns 535 shares of the company’s stock valued at $31,000 after purchasing an additional 276 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Xcel Energy in the third quarter valued at $31,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on XEL. BMO Capital Markets lifted their price objective on Xcel Energy from $59.00 to $62.00 and gave the company a “market perform” rating in a research note on Monday, December 18th. TheStreet cut Xcel Energy from a “b-” rating to a “c+” rating in a research note on Thursday, March 14th. KeyCorp lifted their price objective on Xcel Energy from $62.00 to $68.00 and gave the company an “overweight” rating in a research note on Thursday, January 4th. Wells Fargo & Company lifted their price objective on Xcel Energy from $63.00 to $64.00 and gave the company an “equal weight” rating in a research note on Friday, January 26th. Finally, Royal Bank of Canada lifted their price objective on Xcel Energy from $67.00 to $68.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 30th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $63.08.

Get Our Latest Report on Xcel Energy

Xcel Energy Stock Up 1.3 %

XEL traded up $0.70 on Tuesday, hitting $53.98. 1,571,191 shares of the company were exchanged, compared to its average volume of 5,699,421. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $71.96. The company has a market cap of $29.97 billion, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 2.51 and a beta of 0.36. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.41. The firm has a 50-day moving average price of $55.68 and a two-hundred day moving average price of $58.57.

Xcel Energy (NASDAQ:XELGet Free Report) last released its quarterly earnings data on Thursday, January 25th. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.02). The business had revenue of $3.44 billion for the quarter, compared to analyst estimates of $4.01 billion. Xcel Energy had a return on equity of 10.78% and a net margin of 12.47%. The company’s revenue was down 15.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.69 earnings per share. On average, equities analysts predict that Xcel Energy Inc. will post 3.56 earnings per share for the current year.

Xcel Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, April 20th. Stockholders of record on Friday, March 15th will be given a dividend of $0.548 per share. This is a boost from Xcel Energy’s previous quarterly dividend of $0.52. This represents a $2.19 annualized dividend and a dividend yield of 4.06%. The ex-dividend date is Thursday, March 14th. Xcel Energy’s dividend payout ratio is currently 68.22%.

About Xcel Energy

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding XEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xcel Energy Inc. (NASDAQ:XELFree Report).

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

Receive News & Ratings for Xcel Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xcel Energy and related companies with MarketBeat.com's FREE daily email newsletter.