Xcel Energy Inc. (NASDAQ:XEL) Stock Holdings Increased by Mission Wealth Management LP

Mission Wealth Management LP raised its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 6.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,523 shares of the company’s stock after buying an additional 917 shares during the quarter. Mission Wealth Management LP’s holdings in Xcel Energy were worth $981,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Hodges Capital Management Inc. lifted its stake in Xcel Energy by 447.1% during the fourth quarter. Hodges Capital Management Inc. now owns 51,396 shares of the company’s stock worth $3,470,000 after purchasing an additional 42,001 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Xcel Energy by 7.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 189,954 shares of the company’s stock worth $12,404,000 after purchasing an additional 12,477 shares during the period. Atomi Financial Group Inc. bought a new position in shares of Xcel Energy in the 4th quarter worth about $278,000. ING Groep NV boosted its holdings in shares of Xcel Energy by 85.0% in the 3rd quarter. ING Groep NV now owns 231,482 shares of the company’s stock valued at $15,116,000 after buying an additional 106,326 shares during the period. Finally, GEN Financial Management INC. bought a new stake in shares of Xcel Energy during the 4th quarter valued at about $301,000. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Trading Down 2.6 %

Shares of NASDAQ:XEL opened at $70.03 on Wednesday. The company has a 50 day moving average of $67.57 and a 200-day moving average of $66.33. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. The firm has a market cap of $40.21 billion, a P/E ratio of 20.36, a P/E/G ratio of 2.62 and a beta of 0.43. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $73.38.

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 return on equity of 10.65% and a net margin of 14.40%. As a group, analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, April 20th. Investors of record on Friday, March 14th will be issued 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 yield of 3.26%. The ex-dividend date is Friday, March 14th. Xcel Energy’s payout ratio is presently 66.28%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on XEL. Barclays cut their target price 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. KeyCorp raised their price target on Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. upgraded Xcel Energy from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $69.00 to $80.00 in a research note on Thursday, December 12th. Wells Fargo & Company raised their target price on Xcel Energy from $72.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Finally, 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 report on Friday, November 22nd. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.