Xcel Energy Inc. (NASDAQ:XEL) Shares Purchased by Priebe Wealth Holdings LLC

Priebe Wealth Holdings LLC raised its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 19.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,764 shares of the company’s stock after buying an additional 616 shares during the quarter. Priebe Wealth Holdings LLC’s holdings in Xcel Energy were worth $254,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. State Street Corp raised its position in shares of Xcel Energy by 6.7% in the third quarter. State Street Corp now owns 37,143,025 shares of the company’s stock valued at $2,445,477,000 after buying an additional 2,323,448 shares during the last quarter. Brookfield Corp ON raised its holdings in Xcel Energy by 520.1% in the 3rd quarter. Brookfield Corp ON now owns 2,509,031 shares of the company’s stock valued at $163,840,000 after acquiring an additional 2,104,405 shares during the last quarter. Merewether Investment Management LP purchased a new position in shares of Xcel Energy during the 3rd quarter worth $64,301,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of Xcel Energy by 6.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 15,190,756 shares of the company’s stock worth $991,956,000 after purchasing an additional 892,740 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of Xcel Energy by 1,265.6% during the third quarter. Janus Henderson Group PLC now owns 839,146 shares of the company’s stock worth $54,797,000 after purchasing an additional 777,696 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Wall Street Analysts Forecast Growth

XEL has been the topic of several recent analyst reports. JPMorgan Chase & Co. upgraded Xcel Energy from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $69.00 to $80.00 in a research report on Thursday, December 12th. Barclays increased their price objective on shares of Xcel Energy from $67.00 to $71.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Morgan Stanley lowered their target price 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. Jefferies Financial Group raised shares of Xcel Energy from a “hold” rating to a “buy” rating and increased their price target for the stock from $71.00 to $76.00 in a research note on Friday, November 1st. Finally, Wells Fargo & Company upgraded shares of Xcel Energy from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $70.00 to $72.00 in a report on Monday, January 13th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $69.67.

Xcel Energy Stock Up 0.8 %

Shares of NASDAQ XEL opened at $66.72 on Tuesday. The stock has a fifty day moving average price of $68.41 and a 200 day moving average price of $63.66. The company has a market cap of $38.31 billion, a P/E ratio of 19.80, a P/E/G ratio of 2.53 and a beta of 0.42. Xcel Energy Inc. has a 12-month low of $46.79 and a 12-month high of $73.38. 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 announced its earnings results on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.01). The company had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.23 earnings per share. Research analysts anticipate that Xcel Energy Inc. will post 3.54 EPS for the current fiscal year.

Xcel Energy Cuts Dividend

The company also recently announced 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 is Monday, January 6th. This represents a $2.19 annualized dividend and a dividend yield of 3.28%. Xcel Energy’s dividend payout ratio (DPR) is presently 64.99%.

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.