Moloney Securities Asset Management LLC Has $4.14 Million Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Moloney Securities Asset Management LLC increased its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 61,327 shares of the company’s stock after buying an additional 551 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Xcel Energy were worth $4,141,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in XEL. Ashton Thomas Securities LLC acquired a new stake in shares of Xcel Energy in the 3rd quarter valued at about $25,000. Transcendent Capital Group LLC acquired a new stake in shares of Xcel Energy in the 3rd quarter valued at about $33,000. Crews Bank & Trust bought a new position in shares of Xcel Energy in the 4th quarter valued at about $34,000. MCF Advisors LLC grew its holdings in shares of Xcel Energy by 566.3% in the 4th quarter. MCF Advisors LLC now owns 593 shares of the company’s stock valued at $40,000 after acquiring an additional 504 shares in the last quarter. Finally, First Financial Corp IN bought a new position in shares of Xcel Energy in the 4th quarter valued at about $46,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on XEL. JPMorgan Chase & Co. upgraded Xcel Energy from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $69.00 to $80.00 in a report on Thursday, December 12th. Wells Fargo & Company raised their price objective on Xcel Energy from $72.00 to $75.00 and gave the company an “overweight” rating in a report on Friday. Jefferies Financial Group upgraded 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 report on Friday, November 1st. 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, Morgan Stanley reduced their price target on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Xcel Energy presently has a consensus rating of “Moderate Buy” and an average price target of $69.91.

Xcel Energy Stock Down 0.8 %

NASDAQ XEL opened at $66.60 on Friday. Xcel Energy Inc. has a 1-year low of $46.79 and a 1-year high of $73.38. The company has a market cap of $38.24 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 2.54 and a beta of 0.43. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. The company has a 50 day moving average of $67.35 and a 200-day moving average of $64.89.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.81 EPS for the quarter, missing the consensus estimate 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, equities research analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Monday, January 6th were given a dividend of $0.5475 per share. The ex-dividend date was Monday, January 6th. This represents a $2.19 annualized dividend and a yield of 3.29%. Xcel Energy’s dividend payout ratio is currently 63.66%.

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.