2,194 Shares in Xcel Energy Inc. (NASDAQ:XEL) Acquired by Christopher J. Hasenberg Inc

Christopher J. Hasenberg Inc acquired a new stake in Xcel Energy Inc. (NASDAQ:XEL) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,194 shares of the company’s stock, valued at approximately $118,000. Xcel Energy makes up about 0.1% of Christopher J. Hasenberg Inc’s holdings, making the stock its 24th biggest position.

Several other large investors have also recently added to or reduced their stakes in the company. Criterion Capital Advisors LLC bought a new stake in shares of Xcel Energy during the 4th quarter valued at $25,000. Heritage Wealth Advisors bought a new position in Xcel Energy in the 4th quarter valued at about $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Xcel Energy in the 4th quarter valued at approximately $25,000. Pacific Capital Wealth Advisors Inc. acquired a new position in shares of Xcel Energy in the 4th quarter valued at approximately $25,000. Finally, Capital Analysts LLC lifted its holdings in shares of Xcel Energy by 293.6% during the 4th quarter. Capital Analysts LLC now owns 433 shares of the company’s stock worth $26,000 after acquiring an additional 323 shares during the period. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Down 2.6 %

Shares of XEL traded down $1.47 during trading hours on Thursday, hitting $54.05. The stock had a trading volume of 3,073,695 shares, compared to its average volume of 5,108,500. Xcel Energy Inc. has a 1-year low of $46.79 and a 1-year high of $66.15. The firm has a market capitalization of $30.03 billion, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 2.50 and a beta of 0.36. The firm has a 50 day simple moving average of $54.08 and a 200-day simple moving average of $57.52. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.86 and a quick ratio of 0.74.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.88 EPS for the quarter, beating 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 firm had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the previous year, the company posted $0.76 earnings per share. The company’s quarterly revenue was down 10.6% on a year-over-year basis. Sell-side analysts predict that Xcel Energy Inc. will post 3.56 EPS for the current fiscal year.

Xcel Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, July 20th. Stockholders of record on Friday, June 14th will be paid a $0.5475 dividend. This represents a $2.19 annualized dividend and a dividend yield of 4.05%. Xcel Energy’s dividend payout ratio (DPR) is presently 65.77%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on XEL. StockNews.com upgraded shares of Xcel Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. JPMorgan Chase & Co. dropped their price objective on Xcel Energy from $68.00 to $59.00 and set a “neutral” rating for the company in a research report on Wednesday, March 13th. Wolfe Research upgraded Xcel Energy from a “peer perform” rating to an “outperform” rating and set a $58.00 target price on the stock in a research report 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 stock a “sector perform” rating in a report on Tuesday, January 30th. Finally, 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 research note on Friday, April 26th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Xcel Energy has an average rating of “Moderate Buy” and an average price target of $62.83.

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.