Xcel Energy Inc. (NASDAQ:XEL) Shares Bought by Csenge Advisory Group

Csenge Advisory Group boosted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 9.2% in the 4th quarter, Holdings Channel reports. The firm owned 6,382 shares of the company’s stock after buying an additional 539 shares during the period. Csenge Advisory Group’s holdings in Xcel Energy were worth $431,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in XEL. Ashton Thomas Securities LLC purchased a new position in Xcel Energy in the 3rd quarter worth about $25,000. Transcendent Capital Group LLC purchased a new position in shares of Xcel Energy in the third quarter worth approximately $33,000. Crews Bank & Trust acquired a new stake in shares of Xcel Energy during the fourth quarter valued at approximately $34,000. MCF Advisors LLC lifted its position in shares of Xcel Energy by 566.3% in the 4th quarter. MCF Advisors LLC now owns 593 shares of the company’s stock valued at $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 in the 4th quarter valued at approximately $46,000. 78.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

XEL has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised shares of Xcel Energy from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $69.00 to $80.00 in a research note on Thursday, December 12th. Wells Fargo & Company upped their price target on Xcel Energy from $72.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. KeyCorp raised their price objective on Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Morgan Stanley dropped their target price on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Finally, Barclays reduced their price target on shares of Xcel Energy from $71.00 to $69.00 and set an “overweight” rating for the company in a research report on Wednesday, January 22nd. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $69.91.

Xcel Energy Stock Down 0.1 %

Xcel Energy stock opened at $68.54 on Wednesday. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. Xcel Energy Inc. has a 1-year low of $46.79 and a 1-year high of $73.38. The firm’s fifty day simple moving average is $67.04 and its 200-day simple moving average is $65.43. The company has a market capitalization of $39.36 billion, a P/E ratio of 19.92, a P/E/G ratio of 2.54 and a beta of 0.43.

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

Xcel Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Monday, January 6th were issued a $0.5475 dividend. The ex-dividend date was Monday, January 6th. This represents a $2.19 annualized dividend and a yield of 3.20%. Xcel Energy’s dividend payout ratio (DPR) is currently 63.66%.

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.