Norden Group LLC Has $427,000 Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

Norden Group LLC raised its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 16.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 6,325 shares of the company’s stock after acquiring an additional 879 shares during the quarter. Norden Group LLC’s holdings in Xcel Energy were worth $427,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dakota Wealth Management increased its position in shares of Xcel Energy by 0.7% during the fourth quarter. Dakota Wealth Management now owns 23,130 shares of the company’s stock worth $1,562,000 after buying an additional 151 shares during the period. Rothschild Investment LLC increased its position in shares of Xcel Energy by 26.0% during the fourth quarter. Rothschild Investment LLC now owns 731 shares of the company’s stock worth $49,000 after buying an additional 151 shares during the period. GenTrust LLC increased its position in shares of Xcel Energy by 4.5% during the fourth quarter. GenTrust LLC now owns 3,602 shares of the company’s stock worth $243,000 after buying an additional 155 shares during the period. Integris Wealth Management LLC increased its position in shares of Xcel Energy by 2.6% during the fourth quarter. Integris Wealth Management LLC now owns 6,323 shares of the company’s stock worth $427,000 after buying an additional 160 shares during the period. Finally, Bond & Devick Financial Network Inc. increased its position in shares of Xcel Energy by 1.1% during the third 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. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Stock Down 0.3 %

Xcel Energy stock opened at $71.90 on Tuesday. Xcel Energy Inc. has a 1-year low of $46.79 and a 1-year high of $73.38. The firm has a market capitalization of $41.29 billion, a price-to-earnings ratio of 20.90, a price-to-earnings-growth ratio of 2.62 and a beta of 0.43. The firm’s fifty day moving average price is $67.53 and its two-hundred day moving average price is $66.26. 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 (NASDAQ:XEL) last released its quarterly earnings data 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%. On average, equities research analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, April 20th. Investors of record on Friday, March 14th will be given a dividend of $0.57 per share. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.55. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend is Friday, March 14th. Xcel Energy’s dividend payout ratio (DPR) is presently 66.28%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on XEL. KeyCorp raised their price target on shares of Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. 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 report on Wednesday, January 22nd. JPMorgan Chase & Co. upgraded shares of Xcel Energy from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $69.00 to $80.00 in a report on Thursday, December 12th. Wells Fargo & Company raised their price target on shares of Xcel Energy from $72.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Finally, Morgan Stanley reduced their price target on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Three 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of $69.91.

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.