Great Waters Wealth Management Reduces Position in Xcel Energy Inc. (NASDAQ:XEL)

Great Waters Wealth Management trimmed its holdings in Xcel Energy Inc. (NASDAQ:XELFree Report) by 6.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,334 shares of the company’s stock after selling 981 shares during the quarter. Great Waters Wealth Management’s holdings in Xcel Energy were worth $1,035,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on XEL shares. Morgan Stanley dropped their price objective on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Jefferies Financial Group upgraded Xcel Energy from a “hold” rating to a “buy” rating and lifted their price target for the company from $71.00 to $76.00 in a report on Friday, November 1st. Wells Fargo & Company upgraded Xcel Energy from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $70.00 to $72.00 in a research note on Monday, January 13th. Barclays lifted their target price on Xcel Energy from $67.00 to $71.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. Finally, JPMorgan Chase & Co. raised shares of Xcel Energy from a “neutral” rating to an “overweight” rating and increased their price target for the company from $69.00 to $80.00 in a research report on Thursday, December 12th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.67.

View Our Latest Report on XEL

Xcel Energy Trading Up 0.8 %

NASDAQ:XEL opened at $66.72 on Tuesday. The company has a market capitalization of $38.31 billion, a P/E ratio of 19.80, a PEG ratio of 2.53 and a beta of 0.42. 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 12 month low of $46.79 and a 12 month high of $73.38. The firm has a fifty day simple moving average of $68.37 and a 200-day simple moving average of $63.75.

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

Xcel Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Monday, January 6th will be paid a $0.5475 dividend. The ex-dividend date of this dividend is Monday, January 6th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.28%. Xcel Energy’s payout ratio is currently 64.99%.

About Xcel Energy

(Free Report)

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.

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Institutional Ownership by Quarter for Xcel Energy (NASDAQ:XEL)

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