LVW Advisors LLC Boosts Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

LVW Advisors LLC boosted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 167.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,502 shares of the company’s stock after acquiring an additional 7,822 shares during the quarter. LVW Advisors LLC’s holdings in Xcel Energy were worth $844,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. State Street Corp lifted its holdings in shares of Xcel Energy by 6.7% in the 3rd quarter. State Street Corp now owns 37,143,025 shares of the company’s stock worth $2,445,477,000 after buying an additional 2,323,448 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Xcel Energy by 6.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 15,190,756 shares of the company’s stock worth $991,956,000 after buying an additional 892,740 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Xcel Energy by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 14,562,103 shares of the company’s stock worth $952,091,000 after buying an additional 262,191 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Xcel Energy by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,417,615 shares of the company’s stock worth $223,170,000 after buying an additional 67,820 shares during the period. Finally, Brookfield Corp ON lifted its holdings in shares of Xcel Energy by 520.1% in the 3rd quarter. Brookfield Corp ON now owns 2,509,031 shares of the company’s stock worth $163,840,000 after buying an additional 2,104,405 shares during the period. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Xcel Energy Trading Up 0.8 %

Shares of NASDAQ:XEL opened at $66.72 on Monday. The business’s 50-day moving average is $68.41 and its 200 day moving average is $63.58. Xcel Energy Inc. has a 1 year low of $46.79 and a 1 year high of $73.38. The firm has a market capitalization of $38.31 billion, a P/E ratio of 19.80, a P/E/G ratio of 2.40 and a beta of 0.42. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82.

Xcel Energy (NASDAQ:XEL) last announced its earnings results on Thursday, October 31st. The company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.01). Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.93 billion. During the same period in the prior year, the company earned $1.23 earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. On average, research analysts predict that Xcel Energy Inc. will post 3.54 earnings per share for the current fiscal year.

Xcel Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Monday, January 6th will be issued a $0.5475 dividend. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend is Monday, January 6th. Xcel Energy’s dividend payout ratio is presently 64.99%.

Analysts Set New Price Targets

XEL has been the subject of several research reports. Morgan Stanley lowered their target price on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Wells Fargo & Company raised Xcel Energy from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $70.00 to $72.00 in a research report on Monday, January 13th. KeyCorp boosted their price target on Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. raised Xcel Energy from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $69.00 to $80.00 in a research report on Thursday, December 12th. Finally, Barclays boosted their price target on Xcel Energy from $67.00 to $71.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.67.

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.