PrairieView Partners LLC Buys 600 Shares of Xcel Energy Inc. (NASDAQ:XEL)

PrairieView Partners LLC lifted its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 13.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,221 shares of the company’s stock after purchasing an additional 600 shares during the period. PrairieView Partners LLC’s holdings in Xcel Energy were worth $352,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in XEL. AMF Tjanstepension AB grew its holdings in Xcel Energy by 185.2% in the 3rd quarter. AMF Tjanstepension AB now owns 34,960 shares of the company’s stock valued at $2,283,000 after buying an additional 22,701 shares in the last quarter. Ritholtz Wealth Management grew its holdings in shares of Xcel Energy by 18.5% during the 3rd quarter. Ritholtz Wealth Management now owns 5,607 shares of the company’s stock worth $366,000 after purchasing an additional 876 shares in the last quarter. CX Institutional acquired a new stake in shares of Xcel Energy during the 3rd quarter worth $251,000. Wesbanco Bank Inc. acquired a new stake in shares of Xcel Energy during the 3rd quarter worth $236,000. Finally, Creative Planning grew its holdings in shares of Xcel Energy by 1.5% during the 3rd quarter. Creative Planning now owns 286,755 shares of the company’s stock worth $18,725,000 after purchasing an additional 4,136 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Up 0.3 %

XEL stock opened at $67.40 on Thursday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. The company has a market capitalization of $38.70 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 2.54 and a beta of 0.43. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $73.38. The stock has a fifty day moving average of $67.19 and a 200-day moving average of $65.15.

Xcel Energy (NASDAQ:XEL) last issued its earnings results 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 return on equity of 10.65% and a net margin of 14.40%. As a group, equities research analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Monday, January 6th were issued a dividend of $0.5475 per share. The ex-dividend date was Monday, January 6th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.25%. Xcel Energy’s dividend payout ratio is 63.66%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Morgan Stanley reduced their target price on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Wells Fargo & Company boosted their target price on Xcel Energy from $72.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Barclays reduced their price target on Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a report on Wednesday, January 22nd. KeyCorp upped their target price on Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Finally, Jefferies Financial Group raised Xcel Energy from a “hold” rating to a “buy” rating and boosted their price target for the company from $71.00 to $76.00 in a research note on Friday, November 1st. Three 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 has a consensus rating of “Moderate Buy” and a consensus price target of $69.91.

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.