Larson Financial Group LLC Has $211,000 Stock Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Larson Financial Group LLC decreased its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 15.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,409 shares of the company’s stock after selling 612 shares during the quarter. Larson Financial Group LLC’s holdings in Xcel Energy were worth $211,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Xcel Energy by 15.6% in the 3rd quarter. Vanguard Group Inc. now owns 64,062,856 shares of the company’s stock worth $3,665,677,000 after purchasing an additional 8,644,054 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Xcel Energy by 16.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 18,521,863 shares of the company’s stock worth $1,059,821,000 after purchasing an additional 2,559,321 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Xcel Energy by 8.4% in the 3rd quarter. Victory Capital Management Inc. now owns 7,504,622 shares of the company’s stock worth $429,414,000 after purchasing an additional 583,318 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Xcel Energy by 1.6% in the 3rd quarter. Northern Trust Corp now owns 5,739,186 shares of the company’s stock worth $328,396,000 after purchasing an additional 90,819 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Xcel Energy by 11.6% in the 3rd quarter. Invesco Ltd. now owns 5,303,047 shares of the company’s stock worth $303,440,000 after purchasing an additional 550,508 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Price Performance

NASDAQ XEL opened at $55.33 on Thursday. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.41. Xcel Energy Inc. has a 12-month low of $46.79 and a 12-month high of $71.32. The company has a market capitalization of $30.73 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 2.42 and a beta of 0.36. The firm’s 50 day moving average is $53.96 and its 200-day moving average is $58.12.

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

Xcel Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, April 20th. Shareholders of record on Friday, March 15th were given a dividend of $0.548 per share. This represents a $2.19 dividend on an annualized basis and a yield of 3.96%. This is a boost from Xcel Energy’s previous quarterly dividend of $0.52. The ex-dividend date was Thursday, March 14th. Xcel Energy’s payout ratio is 68.22%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Barclays raised shares of 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. StockNews.com lowered shares of Xcel Energy from a “hold” rating to a “sell” rating in a report on Saturday, April 20th. Wolfe Research raised shares of Xcel Energy from a “peer perform” rating to an “outperform” rating and set a $58.00 target price on the stock in a research note on Monday, March 11th. JPMorgan Chase & Co. reduced their target price on shares of Xcel Energy from $68.00 to $59.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 13th. Finally, KeyCorp reduced their target price on shares of Xcel Energy from $68.00 to $65.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Xcel Energy currently has a consensus rating of “Hold” and a consensus price target of $62.83.

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.