AlphaStar Capital Management LLC Boosts Stock Holdings in Xcel Energy Inc. (NASDAQ:XEL)

AlphaStar Capital Management LLC grew its position in Xcel Energy Inc. (NASDAQ:XEL) by 41.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,708 shares of the company’s stock after purchasing an additional 2,243 shares during the period. AlphaStar Capital Management LLC’s holdings in Xcel Energy were worth $520,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in shares of Xcel Energy in the third quarter valued at approximately $25,000. Transcendent Capital Group LLC purchased a new position in Xcel Energy in the 3rd quarter valued at approximately $33,000. Crews Bank & Trust bought a new stake in Xcel Energy during the 4th quarter valued at $34,000. MCF Advisors LLC lifted its position in shares of Xcel Energy by 566.3% during the fourth quarter. MCF Advisors LLC now owns 593 shares of the company’s stock worth $40,000 after acquiring an additional 504 shares in the last quarter. Finally, First Financial Corp IN purchased a new stake in shares of Xcel Energy during the fourth quarter worth $46,000. 78.38% of the stock is owned by institutional investors.

Xcel Energy Price Performance

Shares of NASDAQ:XEL opened at $66.60 on Friday. The company’s fifty day moving average is $67.35 and its 200 day moving average is $64.89. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. Xcel Energy Inc. has a 52 week low of $46.79 and a 52 week high of $73.38. The stock has a market cap of $38.24 billion, a PE ratio of 19.36, a PEG ratio of 2.54 and a beta of 0.43.

Xcel Energy (NASDAQ:XEL) last released its earnings results on Thursday, February 6th. The company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. Research analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Monday, January 6th were paid a dividend of $0.5475 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date was Monday, January 6th. Xcel Energy’s dividend payout ratio (DPR) is presently 63.66%.

Wall Street Analyst Weigh In

XEL has been the subject of a number of recent analyst reports. Wells Fargo & Company lifted their target price on Xcel Energy from $72.00 to $75.00 and gave the company an “overweight” rating in a report on Friday. KeyCorp boosted their price objective on shares of Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Jefferies Financial Group upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and increased their target price for the stock from $71.00 to $76.00 in a research note on Friday, November 1st. JPMorgan Chase & Co. upgraded shares of Xcel Energy from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $69.00 to $80.00 in a research report on Thursday, December 12th. Finally, Barclays decreased their price target on shares of Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a report on Wednesday, January 22nd. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.91.

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.