Sanibel Captiva Trust Company Inc. Acquires 3,219 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Sanibel Captiva Trust Company Inc. raised its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 19.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,538 shares of the company’s stock after purchasing an additional 3,219 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in Xcel Energy were worth $1,319,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Integris Wealth Management LLC lifted its position in Xcel Energy by 2.7% during the 3rd quarter. Integris Wealth Management LLC now owns 6,163 shares of the company’s stock worth $402,000 after buying an additional 163 shares in the last quarter. Bond & Devick Financial Network Inc. increased its position in shares of Xcel Energy by 1.1% in the third quarter. Bond & Devick Financial Network Inc. now owns 15,972 shares of the company’s stock valued at $1,043,000 after acquiring an additional 168 shares during the last quarter. LRI Investments LLC raised its holdings in Xcel Energy by 5.9% during the third quarter. LRI Investments LLC now owns 3,037 shares of the company’s stock worth $209,000 after acquiring an additional 170 shares in the last quarter. Brooklyn Investment Group boosted its position in Xcel Energy by 10.2% during the fourth quarter. Brooklyn Investment Group now owns 1,920 shares of the company’s stock valued at $130,000 after purchasing an additional 178 shares during the last quarter. Finally, Gateway Wealth Partners LLC grew its stake in Xcel Energy by 4.3% in the second quarter. Gateway Wealth Partners LLC now owns 4,413 shares of the company’s stock valued at $236,000 after purchasing an additional 182 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Stock Up 0.8 %

XEL stock opened at $66.72 on Friday. The business’s fifty day moving average price is $68.41 and its two-hundred day moving average price is $63.51. The stock has a market capitalization of $38.31 billion, a price-to-earnings ratio of 19.80, a PEG ratio of 2.40 and a beta of 0.42. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $73.38. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.01). The business had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.93 billion. Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. Xcel Energy’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.23 EPS. On average, equities analysts anticipate that Xcel Energy Inc. will post 3.54 earnings per share for the current year.

Xcel Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Monday, January 6th will be paid a $0.5475 dividend. This represents a $2.19 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend is Monday, January 6th. Xcel Energy’s dividend payout ratio (DPR) is currently 64.99%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company upgraded Xcel Energy from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $70.00 to $72.00 in a research note on Monday, January 13th. JPMorgan Chase & Co. upgraded shares of Xcel Energy from a “neutral” rating to an “overweight” rating and increased their price target for the company from $69.00 to $80.00 in a research note on Thursday, December 12th. KeyCorp boosted their price objective on shares of Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Morgan Stanley cut 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. Finally, Barclays boosted their price target on Xcel Energy from $67.00 to $71.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.67.

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.