Kestra Private Wealth Services LLC Has $632,000 Stake in Xcel Energy Inc. (NASDAQ:XEL)

Kestra Private Wealth Services LLC raised its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 12.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,362 shares of the company’s stock after buying an additional 1,040 shares during the period. Kestra Private Wealth Services LLC’s holdings in Xcel Energy were worth $632,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Dakota Wealth Management raised its holdings in Xcel Energy by 0.7% during the fourth quarter. Dakota Wealth Management now owns 23,130 shares of the company’s stock worth $1,562,000 after acquiring an additional 151 shares in the last quarter. Integris Wealth Management LLC raised its stake in shares of Xcel Energy by 2.6% during the 4th quarter. Integris Wealth Management LLC now owns 6,323 shares of the company’s stock worth $427,000 after purchasing an additional 160 shares in the last quarter. Bond & Devick Financial Network Inc. boosted its holdings in shares of Xcel Energy by 1.1% in the 3rd quarter. Bond & Devick Financial Network Inc. now owns 15,972 shares of the company’s stock valued at $1,043,000 after buying an additional 168 shares during the last quarter. LRI Investments LLC grew its stake in shares of Xcel Energy by 5.9% in the third quarter. LRI Investments LLC now owns 3,037 shares of the company’s stock valued at $209,000 after buying an additional 170 shares in the last quarter. Finally, Brooklyn Investment Group increased its holdings in Xcel Energy by 10.2% during the fourth quarter. Brooklyn Investment Group now owns 1,920 shares of the company’s stock worth $130,000 after buying an additional 178 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Stock Up 0.3 %

XEL stock opened at $68.61 on Friday. The business’s fifty day moving average price is $67.07 and its two-hundred day moving average price is $65.19. The stock has a market capitalization of $39.40 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 2.54 and a beta of 0.43. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $73.38. 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 released its quarterly earnings results on Thursday, February 6th. The company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. On average, equities analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Monday, January 6th were given a $0.5475 dividend. The ex-dividend date was Monday, January 6th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.19%. Xcel Energy’s payout ratio is 63.66%.

Analyst Ratings Changes

XEL has been the subject of a number of recent analyst reports. Morgan Stanley cut their price target on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. KeyCorp lifted their price target on Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Barclays dropped their price objective on Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. upgraded Xcel Energy from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $69.00 to $80.00 in a research note on Thursday, December 12th. Finally, Jefferies Financial Group upgraded Xcel Energy from a “hold” rating to a “buy” rating and increased their price target for the company from $71.00 to $76.00 in a research note on Friday, November 1st. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.91.

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.