AJOVista LLC Takes $139,000 Position in Xcel Energy Inc. (NASDAQ:XEL)

AJOVista LLC acquired a new position in shares of Xcel Energy Inc. (NASDAQ:XEL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,239 shares of the company’s stock, valued at approximately $139,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XEL. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Xcel Energy during the 4th quarter worth $25,000. Criterion Capital Advisors LLC purchased a new stake in shares of Xcel Energy during the 4th quarter valued at approximately $25,000. Capital Analysts LLC lifted its holdings in Xcel Energy by 293.6% in the fourth quarter. Capital Analysts LLC now owns 433 shares of the company’s stock valued at $26,000 after acquiring an additional 323 shares during the last quarter. Royal London Asset Management Ltd. purchased a new position in Xcel Energy in the third quarter worth approximately $27,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Xcel Energy during the third quarter worth $31,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on XEL shares. KeyCorp cut their price objective on Xcel Energy from $68.00 to $65.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. Wolfe Research raised shares of Xcel Energy from a “peer perform” rating to an “outperform” rating and set a $58.00 price target on the stock in a research note on Monday, March 11th. Evercore ISI boosted their target price on Xcel Energy from $54.00 to $59.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Wells Fargo & Company raised their price target on Xcel Energy from $63.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Friday, January 26th. Finally, JPMorgan Chase & Co. cut their price objective on Xcel Energy from $68.00 to $59.00 and set a “neutral” rating on the stock in a report on Wednesday, March 13th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Xcel Energy has an average rating of “Moderate Buy” and an average price target of $62.83.

Xcel Energy Stock Up 0.9 %

NASDAQ:XEL traded up $0.46 during mid-day trading on Friday, hitting $54.25. The stock had a trading volume of 3,285,090 shares, compared to its average volume of 4,238,203. The company has a current ratio of 0.86, a quick ratio of 0.74 and a debt-to-equity ratio of 1.48. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $69.85. The company has a market capitalization of $30.14 billion, a PE ratio of 16.29, a PEG ratio of 2.36 and a beta of 0.36. The stock has a 50-day simple moving average of $53.24 and a two-hundred day simple moving average of $57.91.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.08. The business had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Xcel Energy had a net margin of 13.36% and a return on equity of 11.03%. The company’s revenue for the quarter was down 10.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.76 EPS. On average, equities research analysts anticipate that Xcel Energy Inc. will post 3.56 EPS for the current year.

Xcel Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, April 20th. Stockholders of record on Friday, March 15th were given a dividend of $0.548 per share. This represents a $2.19 annualized dividend and a dividend yield of 4.04%. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.52. Xcel Energy’s dividend payout ratio (DPR) is 65.77%.

Xcel Energy 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.