Atom Investors LP bought a new position in shares of Xcel Energy Inc. (NASDAQ:XEL – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 59,796 shares of the company’s stock, valued at approximately $4,417,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Xcel Energy during the third quarter worth about $27,000. Abound Wealth Management increased its position in shares of Xcel Energy by 394.5% during the fourth quarter. Abound Wealth Management now owns 361 shares of the company’s stock worth $27,000 after acquiring an additional 288 shares in the last quarter. Beacon Financial Strategies CORP bought a new stake in shares of Xcel Energy during the fourth quarter worth about $33,000. Pittenger & Anderson Inc. increased its position in shares of Xcel Energy by 73.8% during the fourth quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock worth $35,000 after acquiring an additional 200 shares in the last quarter. Finally, Advocate Investing Services LLC bought a new stake in shares of Xcel Energy during the fourth quarter worth about $38,000. 78.38% of the stock is owned by institutional investors.
Xcel Energy Trading Down 0.5%
Shares of XEL stock opened at $78.98 on Wednesday. Xcel Energy Inc. has a 52-week low of $65.21 and a 52-week high of $84.23. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.68 and a current ratio of 0.77. The company has a 50-day simple moving average of $79.68 and a two-hundred day simple moving average of $78.40. The company has a market capitalization of $49.30 billion, a price-to-earnings ratio of 22.76, a PEG ratio of 2.06 and a beta of 0.39.
Xcel Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, June 15th will be given a $0.5925 dividend. This represents a $2.37 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Monday, June 15th. Xcel Energy’s dividend payout ratio is presently 68.30%.
Analysts Set New Price Targets
Several equities research analysts have recently commented on XEL shares. Morgan Stanley set a $87.00 target price on shares of Xcel Energy in a research report on Thursday, May 21st. JPMorgan Chase & Co. decreased their target price on shares of Xcel Energy from $94.00 to $91.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Wall Street Zen downgraded shares of Xcel Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Argus set a $86.00 target price on shares of Xcel Energy in a research report on Thursday, March 12th. Finally, Evercore reissued an “outperform” rating and set a $96.00 target price on shares of Xcel Energy in a research report on Monday, May 4th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Xcel Energy currently has an average rating of “Buy” and a consensus target price of $90.63.
View Our Latest Stock Report on Xcel Energy
About Xcel Energy
Xcel Energy (NASDAQ: XEL) is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company’s core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.
Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.
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