Xcel Energy Inc. (NASDAQ:XEL) Shares Bought by Mitchell & Pahl Private Wealth LLC

Mitchell & Pahl Private Wealth LLC increased its position in Xcel Energy Inc. (NASDAQ:XEL) by 6.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 23,770 shares of the company’s stock after purchasing an additional 1,451 shares during the period. Mitchell & Pahl Private Wealth LLC’s holdings in Xcel Energy were worth $1,605,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Integris Wealth Management LLC increased its position in Xcel Energy by 2.7% during the third quarter. Integris Wealth Management LLC now owns 6,163 shares of the company’s stock worth $402,000 after buying an additional 163 shares during the period. Bond & Devick Financial Network Inc. raised its position in Xcel Energy by 1.1% in the 3rd quarter. Bond & Devick Financial Network Inc. now owns 15,972 shares of the company’s stock valued at $1,043,000 after purchasing an additional 168 shares during the last quarter. LRI Investments LLC boosted its stake in Xcel Energy by 5.9% during the 3rd quarter. LRI Investments LLC now owns 3,037 shares of the company’s stock worth $209,000 after purchasing an additional 170 shares during the period. Brooklyn Investment Group boosted its stake in Xcel Energy by 10.2% during the 4th quarter. Brooklyn Investment Group now owns 1,920 shares of the company’s stock worth $130,000 after purchasing an additional 178 shares during the period. Finally, Gateway Wealth Partners LLC grew its position in Xcel Energy by 4.3% during the 2nd quarter. Gateway Wealth Partners LLC now owns 4,413 shares of the company’s stock worth $236,000 after purchasing an additional 182 shares during the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Stock Performance

XEL opened at $66.72 on Tuesday. The stock’s 50 day simple moving average is $68.41 and its 200 day simple moving average is $63.66. The stock has a market cap of $38.31 billion, a P/E ratio of 19.80, a P/E/G ratio of 2.53 and a beta of 0.42. Xcel Energy Inc. has a 1-year low of $46.79 and a 1-year high of $73.38. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.01). Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The firm had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.93 billion. During the same quarter in the prior year, the business earned $1.23 EPS. The company’s quarterly revenue was down .5% compared to the same quarter last year. As a group, equities analysts anticipate that Xcel Energy Inc. will post 3.54 EPS for the current fiscal year.

Xcel Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Monday, January 6th will be issued a $0.5475 dividend. This represents a $2.19 annualized dividend and a dividend yield of 3.28%. The ex-dividend date is Monday, January 6th. Xcel Energy’s dividend payout ratio (DPR) is presently 64.99%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Xcel Energy from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $69.00 to $80.00 in a research note on Thursday, December 12th. Morgan Stanley decreased their price objective on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. KeyCorp boosted their target price on Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Wells Fargo & Company raised Xcel Energy from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $70.00 to $72.00 in a report on Monday, January 13th. Finally, Barclays boosted their price objective on shares of Xcel Energy from $67.00 to $71.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Xcel Energy currently has a consensus rating of “Moderate Buy” and an average target price of $69.67.

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.