City State Bank Raises Stock Holdings in Xcel Energy Inc. (NASDAQ:XEL)

City State Bank raised its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 43.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,526 shares of the company’s stock after acquiring an additional 760 shares during the period. City State Bank’s holdings in Xcel Energy were worth $171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Acadian Asset Management LLC increased its position in shares of Xcel Energy by 3,461.0% during the 2nd quarter. Acadian Asset Management LLC now owns 21,758 shares of the company’s stock valued at $1,160,000 after purchasing an additional 21,147 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Xcel Energy by 0.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 93,119 shares of the company’s stock valued at $4,994,000 after purchasing an additional 548 shares during the last quarter. HBK Sorce Advisory LLC bought a new position in shares of Xcel Energy during the 2nd quarter valued at approximately $266,000. Wealthspire Advisors LLC bought a new position in shares of Xcel Energy during the 2nd quarter valued at approximately $205,000. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Xcel Energy by 8.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 19,453 shares of the company’s stock valued at $1,039,000 after purchasing an additional 1,497 shares during the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Trading Up 0.4 %

Shares of NASDAQ XEL opened at $63.62 on Tuesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. The stock has a market capitalization of $36.53 billion, a P/E ratio of 18.88, a price-to-earnings-growth ratio of 2.79 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 business has a fifty day moving average price of $68.50 and a 200 day moving average price of $63.30.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data 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). The company had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.93 billion. Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the company earned $1.23 earnings per share. Equities research analysts expect 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 paid a $0.5475 dividend. This represents a $2.19 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend is Monday, January 6th. Xcel Energy’s dividend payout ratio (DPR) is presently 64.99%.

Analysts Set New Price Targets

XEL has been the topic of several analyst reports. KeyCorp boosted their target price on Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Barclays upped their price objective on Xcel Energy from $67.00 to $71.00 and gave the company an “overweight” rating in a research report on Tuesday, November 26th. Morgan Stanley cut their price objective on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Jefferies Financial Group raised Xcel Energy from a “hold” rating to a “buy” rating and upped their price objective for the company from $71.00 to $76.00 in a research report on Friday, November 1st. Finally, UBS Group upped their price objective on Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Xcel Energy currently has an average rating of “Moderate Buy” and a consensus price target of $69.67.

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.