Xcel Energy Inc. (NASDAQ:XEL) Shares Sold by Cherry Tree Wealth Management LLC

Cherry Tree Wealth Management LLC reduced its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 10.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,187 shares of the company’s stock after selling 364 shares during the period. Cherry Tree Wealth Management LLC’s holdings in Xcel Energy were worth $197,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Criterion Capital Advisors LLC purchased a new stake in Xcel Energy in the 4th quarter valued at about $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in Xcel Energy during the fourth quarter worth approximately $25,000. Capital Analysts LLC increased its position in Xcel Energy by 293.6% during the fourth quarter. Capital Analysts LLC now owns 433 shares of the company’s stock worth $26,000 after purchasing an additional 323 shares during the last quarter. Royal London Asset Management Ltd. purchased a new position in Xcel Energy during the third quarter worth approximately $27,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Xcel Energy in the 3rd quarter valued at $31,000. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on XEL. KeyCorp dropped their price objective on Xcel Energy from $68.00 to $65.00 and set an “overweight” rating for the company in a report on Friday, April 19th. Barclays boosted their target price on Xcel Energy from $56.00 to $57.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Evercore ISI raised their price target on shares of Xcel Energy from $54.00 to $59.00 and gave the company an “outperform” rating in a report on Friday, April 26th. StockNews.com upgraded shares of Xcel Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Finally, JPMorgan Chase & Co. cut their target price on shares of Xcel Energy from $68.00 to $59.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 13th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $62.83.

Xcel Energy Stock Down 0.2 %

XEL stock traded down $0.09 during trading on Wednesday, reaching $54.93. The stock had a trading volume of 3,123,271 shares, compared to its average volume of 5,325,980. The company has a current ratio of 0.86, a quick ratio of 0.74 and a debt-to-equity ratio of 1.48. The firm has a fifty day moving average price of $53.10 and a 200 day moving average price of $57.83. The company has a market capitalization of $30.52 billion, a P/E ratio of 16.50, a PEG ratio of 2.38 and a beta of 0.36. Xcel Energy Inc. has a 1-year low of $46.79 and a 1-year high of $69.71.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings results on Thursday, April 25th. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.80 by $0.08. Xcel Energy had a return on equity of 11.03% and a net margin of 13.36%. The business had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter in the previous year, the firm posted $0.76 earnings per share. The company’s revenue was down 10.6% compared to the same quarter last year. On average, equities analysts anticipate that Xcel Energy Inc. will post 3.56 earnings per share for the current year.

Xcel Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, April 20th. Investors of record on Friday, March 15th were issued a $0.548 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Xcel Energy’s previous quarterly dividend of $0.52. This represents a $2.19 annualized dividend and a yield of 3.99%. Xcel Energy’s dividend payout ratio is currently 65.77%.

Xcel Energy Company 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.