Western Wealth Management LLC Purchases 3,209 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Western Wealth Management LLC increased its position in Xcel Energy Inc. (NASDAQ:XEL) by 18.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,972 shares of the company’s stock after purchasing an additional 3,209 shares during the quarter. Western Wealth Management LLC’s holdings in Xcel Energy were worth $1,298,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC bought a new position in Xcel Energy in the fourth quarter worth approximately $25,000. Capital Analysts LLC lifted its holdings in Xcel Energy by 293.6% during the fourth quarter. Capital Analysts LLC now owns 433 shares of the company’s stock worth $26,000 after buying an additional 323 shares during the period. Royal London Asset Management Ltd. purchased a new stake in Xcel Energy during the third quarter worth $27,000. Strategic Investment Solutions Inc. IL purchased a new stake in Xcel Energy during the first quarter worth $27,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Xcel Energy during the third quarter worth $31,000. Institutional investors own 78.38% of the company’s stock.

Wall Street Analyst Weigh In

XEL has been the subject of a number of analyst reports. Wells Fargo & Company upped their target price on Xcel Energy from $63.00 to $64.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. TheStreet lowered Xcel Energy from a “b-” rating to a “c+” rating in a report on Thursday, March 14th. Barclays upgraded Xcel Energy from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $61.00 to $54.00 in a report on Monday, March 11th. KeyCorp lowered their target price on Xcel Energy from $68.00 to $65.00 and set an “overweight” rating for the company in a report on Friday. Finally, StockNews.com upgraded Xcel Energy from a “sell” rating to a “hold” rating in a report on Friday, April 12th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $62.83.

Xcel Energy Stock Performance

Shares of XEL opened at $54.72 on Friday. The firm has a market cap of $30.40 billion, a PE ratio of 17.05, a P/E/G ratio of 2.51 and a beta of 0.36. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.41. The stock has a fifty day moving average price of $54.16 and a 200-day moving average price of $58.14. Xcel Energy Inc. has a 12 month low of $46.79 and a 12 month high of $71.32.

Xcel Energy (NASDAQ:XEL) last issued its earnings results 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 firm had revenue of $3.44 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Xcel Energy had a return on equity of 10.78% and a net margin of 12.47%. The business’s revenue was down 15.1% on a year-over-year basis. During the same quarter last year, the business earned $0.69 EPS. Equities research analysts predict that Xcel Energy Inc. will post 3.56 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 Saturday, April 20th. Investors of record on Friday, March 15th will be paid a $0.548 dividend. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $2.19 dividend on an annualized basis and a yield of 4.01%. Xcel Energy’s dividend payout ratio (DPR) is 68.22%.

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.