Waldron Private Wealth LLC Invests $220,000 in Xcel Energy Inc. (NASDAQ:XEL)

Waldron Private Wealth LLC bought a new stake in Xcel Energy Inc. (NASDAQ:XEL) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 3,525 shares of the company’s stock, valued at approximately $220,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Quilter Plc acquired a new stake in Xcel Energy in the 1st quarter worth about $255,201,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Xcel Energy in the first quarter valued at approximately $27,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Xcel Energy in the fourth quarter worth approximately $25,000. Royal London Asset Management Ltd. purchased a new stake in shares of Xcel Energy during the third quarter worth approximately $27,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Xcel Energy during the third quarter worth approximately $31,000. 78.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wells Fargo & Company lifted their target price on shares of Xcel Energy from $63.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Friday, January 26th. Royal Bank of Canada boosted their price target on shares of Xcel Energy from $67.00 to $68.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 30th. KeyCorp increased their price objective on shares of Xcel Energy from $62.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, January 4th. JPMorgan Chase & Co. lowered their target price on Xcel Energy from $68.00 to $59.00 and set a “neutral” rating on the stock in a report on Wednesday, March 13th. Finally, Barclays raised Xcel Energy from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $61.00 to $54.00 in a report on Monday, March 11th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $63.08.

Xcel Energy Trading Down 1.2 %

Shares of Xcel Energy stock opened at $52.53 on Wednesday. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $71.32. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.59 and a current ratio of 0.72. The firm has a market capitalization of $29.18 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 2.48 and a beta of 0.36. The stock has a 50 day moving average of $54.42 and a 200 day moving average of $58.20.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Thursday, January 25th. The company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The business had revenue of $3.44 billion for the quarter, compared to analyst estimates of $4.01 billion. Xcel Energy had a return on equity of 10.78% and a net margin of 12.47%. The firm’s revenue for the quarter was down 15.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.69 earnings per share. As a group, research analysts predict that Xcel Energy Inc. will post 3.56 earnings per share for the current year.

Xcel Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, April 20th. Stockholders of record on Friday, March 15th will be issued a $0.548 dividend. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.52. This represents a $2.19 annualized dividend and a dividend yield of 4.17%. The ex-dividend date is Thursday, March 14th. Xcel Energy’s dividend payout ratio is currently 68.22%.

Xcel Energy 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.