Trueblood Wealth Management LLC Purchases New Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Trueblood Wealth Management LLC bought a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,017 shares of the company’s stock, valued at approximately $311,000.

Other hedge funds have also recently modified their holdings of the company. Smith Anglin Financial LLC grew its position in shares of Xcel Energy by 14.8% in the 4th quarter. Smith Anglin Financial LLC now owns 5,282 shares of the company’s stock worth $327,000 after buying an additional 680 shares during the last quarter. Simon Quick Advisors LLC increased its holdings in shares of Xcel Energy by 14.6% in the fourth quarter. Simon Quick Advisors LLC now owns 4,903 shares of the company’s stock valued at $304,000 after purchasing an additional 624 shares during the period. Kingswood Wealth Advisors LLC boosted its holdings in Xcel Energy by 7.5% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 12,052 shares of the company’s stock valued at $746,000 after purchasing an additional 842 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Xcel Energy by 47.7% during the 4th quarter. Pacer Advisors Inc. now owns 115,016 shares of the company’s stock valued at $7,121,000 after buying an additional 37,131 shares during the last quarter. Finally, Cascade Investment Group Inc. purchased a new stake in Xcel Energy in the 4th quarter worth approximately $562,000. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Trading Up 0.7 %

Xcel Energy stock traded up $0.37 during trading on Thursday, hitting $53.75. The company’s stock had a trading volume of 3,051,591 shares, compared to its average volume of 5,784,769. Xcel Energy Inc. has a 1-year low of $46.79 and a 1-year high of $71.96. The stock’s fifty day moving average is $56.02 and its 200 day moving average is $58.65. 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 stock has a market capitalization of $29.84 billion, a price-to-earnings ratio of 16.74, a P/E/G ratio of 2.41 and a beta of 0.36.

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

Xcel Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, April 20th. Stockholders of record on Friday, March 15th will be paid a $0.548 dividend. This is a boost from Xcel Energy’s previous quarterly dividend of $0.52. The ex-dividend date is Thursday, March 14th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 4.08%. Xcel Energy’s dividend payout ratio is currently 68.22%.

Wall Street Analysts Forecast Growth

XEL has been the subject of a number of research reports. StockNews.com raised shares of Xcel Energy from a “sell” rating to a “hold” rating in a research note on Thursday, March 7th. JPMorgan Chase & Co. decreased their price target on Xcel Energy from $68.00 to $59.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 13th. Wells Fargo & Company boosted their price objective on Xcel Energy from $63.00 to $64.00 and gave the company an “equal weight” rating in a report on Friday, January 26th. KeyCorp increased their price objective on Xcel Energy from $62.00 to $68.00 and gave the company an “overweight” rating in a research note on Thursday, January 4th. Finally, Wolfe Research raised Xcel Energy from a “peer perform” rating to an “outperform” rating and set a $58.00 price target on the stock in a research report on Monday, March 11th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Xcel Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.08.

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.