Scissortail Wealth Management LLC Raises Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

Scissortail Wealth Management LLC grew its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 284.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,807 shares of the company’s stock after acquiring an additional 10,958 shares during the period. Scissortail Wealth Management LLC’s holdings in Xcel Energy were worth $883,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Asset Management One Co. Ltd. grew its holdings in Xcel Energy by 2.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 298,074 shares of the company’s stock valued at $18,448,000 after purchasing an additional 7,679 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Xcel Energy by 47.7% during the 4th quarter. Pacer Advisors Inc. now owns 115,016 shares of the company’s stock valued at $7,121,000 after purchasing an additional 37,131 shares in the last quarter. Seven Eight Capital LP grew its holdings in Xcel Energy by 930.5% during the 3rd quarter. Seven Eight Capital LP now owns 45,918 shares of the company’s stock worth $2,627,000 after acquiring an additional 41,462 shares in the last quarter. First Bank & Trust grew its holdings in Xcel Energy by 66.8% during the 4th quarter. First Bank & Trust now owns 70,404 shares of the company’s stock worth $4,359,000 after acquiring an additional 28,187 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Xcel Energy by 15.6% during the 3rd quarter. Vanguard Group Inc. now owns 64,062,856 shares of the company’s stock worth $3,665,677,000 after acquiring an additional 8,644,054 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Down 1.2 %

Xcel Energy stock traded down $0.64 during trading hours on Tuesday, hitting $52.53. The company had a trading volume of 3,849,719 shares, compared to its average volume of 5,496,139. The firm has a market capitalization of $29.18 billion, a P/E ratio of 16.36, a price-to-earnings-growth ratio of 2.48 and a beta of 0.36. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.72 and a quick ratio of 0.59. The firm’s fifty day moving average is $54.42 and its 200-day moving average is $58.20. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $71.32.

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

Xcel Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, April 20th. Shareholders of record on Friday, March 15th will be paid a $0.548 dividend. This represents a $2.19 annualized dividend and a yield of 4.17%. The ex-dividend date is Thursday, March 14th. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.52. Xcel Energy’s dividend payout ratio is currently 68.22%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. KeyCorp lifted their price target on shares of Xcel Energy from $62.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, January 4th. JPMorgan Chase & Co. cut their target price on shares of Xcel Energy from $68.00 to $59.00 and set a “neutral” rating for the company in a research note on Wednesday, March 13th. Barclays raised shares of Xcel Energy from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $61.00 to $54.00 in a research note on Monday, March 11th. Royal Bank of Canada increased their target price on shares of Xcel Energy from $67.00 to $68.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 30th. Finally, Wells Fargo & Company increased their target price on shares of Xcel Energy from $63.00 to $64.00 and gave the company an “equal weight” rating in a research note on Friday, January 26th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Xcel Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.08.

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.