Atlantic Family Wealth LLC Acquires New Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Atlantic Family Wealth LLC acquired a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 4,058 shares of the company’s stock, valued at approximately $274,000.

Several other hedge funds also recently bought and sold shares of XEL. Ashton Thomas Securities LLC purchased a new position in Xcel Energy during the third quarter valued at approximately $25,000. Sierra Ocean LLC purchased a new position in Xcel Energy during the fourth quarter valued at approximately $26,000. Transcendent Capital Group LLC purchased a new position in Xcel Energy during the third quarter valued at approximately $33,000. Crews Bank & Trust purchased a new position in Xcel Energy during the fourth quarter valued at approximately $34,000. Finally, MCF Advisors LLC grew its stake in Xcel Energy by 566.3% during the fourth 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. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on XEL shares. Barclays reduced their price objective on shares of Xcel Energy from $71.00 to $69.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd. Wells Fargo & Company boosted their price target on shares of Xcel Energy from $72.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Morgan Stanley cut their price target 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. Jefferies Financial Group raised shares of Xcel Energy from a “hold” rating to a “buy” rating and boosted their price target for the stock from $71.00 to $76.00 in a research note on Friday, November 1st. Finally, KeyCorp boosted their price target 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. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Xcel Energy has a consensus rating of “Moderate Buy” and a consensus target price of $69.91.

Xcel Energy Price Performance

Shares of Xcel Energy stock opened at $69.94 on Friday. Xcel Energy Inc. has a 52-week low of $46.79 and a 52-week high of $73.38. The stock has a market capitalization of $40.16 billion, a price-to-earnings ratio of 20.33, a price-to-earnings-growth ratio of 2.62 and a beta of 0.43. The company has a fifty day moving average of $67.09 and a 200-day moving average of $65.68. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. Equities research analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Cuts Dividend

The company also recently declared 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 of this dividend was Monday, January 6th. This represents a $2.19 annualized dividend and a yield of 3.13%. Xcel Energy’s payout ratio is currently 63.66%.

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.