4,058 Shares in Xcel Energy Inc. (NASDAQ:XEL) Bought by Atlantic Family Wealth LLC

Atlantic Family Wealth LLC bought a new position in shares of Xcel Energy Inc. (NASDAQ:XEL) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,058 shares of the company’s stock, valued at approximately $274,000.

Several other institutional investors and hedge funds have also bought and sold shares of XEL. State Street Corp lifted its stake 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 in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Xcel Energy by 6.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 15,190,756 shares of the company’s stock valued at $991,956,000 after buying an additional 892,740 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Xcel Energy by 1.8% in the third quarter. Geode Capital Management LLC now owns 14,562,103 shares of the company’s stock valued at $952,091,000 after buying an additional 262,191 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Xcel Energy by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,417,615 shares of the company’s stock valued at $223,170,000 after buying an additional 67,820 shares in the last quarter. Finally, Brookfield Corp ON lifted its stake in shares of Xcel Energy by 520.1% in the third quarter. Brookfield Corp ON now owns 2,509,031 shares of the company’s stock valued at $163,840,000 after buying an additional 2,104,405 shares in the last quarter. 78.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

XEL has been the topic of a number of recent research reports. 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. Barclays dropped their price objective on shares of Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. raised shares of Xcel Energy from a “neutral” rating to an “overweight” rating and raised their price target for the company from $69.00 to $80.00 in a research 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 company an “overweight” rating in a research report on Friday, February 7th. Finally, KeyCorp raised their price target on shares of Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $69.91.

Xcel Energy Stock Performance

NASDAQ XEL opened at $69.94 on Friday. Xcel Energy Inc. has a 52-week low of $46.79 and a 52-week high of $73.38. The company has a 50-day simple moving average of $67.09 and a 200 day simple moving average of $65.68. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. The company has a market capitalization of $40.16 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 2.62 and a beta of 0.43.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.81 earnings per share (EPS) 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%. On average, research analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Monday, January 6th were paid a $0.5475 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.19 annualized dividend and a dividend yield of 3.13%. Xcel Energy’s payout ratio is 63.66%.

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.