Xcel Energy Inc. (NASDAQ:XEL) Shares Sold by Lantz Financial LLC

Lantz Financial LLC cut its stake in Xcel Energy Inc. (NASDAQ:XEL) by 10.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,637 shares of the company’s stock after selling 631 shares during the period. Lantz Financial LLC’s holdings in Xcel Energy were worth $381,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Nomura Asset Management Co. Ltd. boosted its position in shares of Xcel Energy by 7.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 189,954 shares of the company’s stock valued at $12,404,000 after purchasing an additional 12,477 shares in the last quarter. ING Groep NV lifted its stake in Xcel Energy by 85.0% during the third quarter. ING Groep NV now owns 231,482 shares of the company’s stock valued at $15,116,000 after purchasing an additional 106,326 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its holdings in Xcel Energy by 64.4% during the third quarter. Harvest Fund Management Co. Ltd now owns 27,634 shares of the company’s stock worth $1,805,000 after buying an additional 10,821 shares in the last quarter. HITE Hedge Asset Management LLC grew its position in Xcel Energy by 393.0% in the third quarter. HITE Hedge Asset Management LLC now owns 317,117 shares of the company’s stock worth $20,708,000 after buying an additional 252,793 shares during the last quarter. Finally, Oak Thistle LLC bought a new position in shares of Xcel Energy in the fourth quarter valued at $1,433,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Stock Performance

Shares of NASDAQ XEL opened at $66.61 on Friday. 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 Inc. has a one year low of $46.79 and a one year high of $73.38. The business’s 50-day moving average price is $68.20 and its two-hundred day moving average price is $64.00. The company has a market capitalization of $38.25 billion, a P/E ratio of 19.77, a price-to-earnings-growth ratio of 2.53 and a beta of 0.42.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.01). The firm had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The company’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.23 EPS. Analysts anticipate that Xcel Energy Inc. will post 3.54 earnings per share for the current fiscal year.

Xcel Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors 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 yield of 3.29%. The ex-dividend date is Monday, January 6th. Xcel Energy’s dividend payout ratio is presently 64.99%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company raised Xcel Energy from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $70.00 to $72.00 in a research note on Monday, January 13th. Jefferies Financial Group raised Xcel Energy from a “hold” rating to a “buy” rating and lifted their price target for the stock from $71.00 to $76.00 in a research note on Friday, November 1st. Morgan Stanley reduced their price objective 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. JPMorgan Chase & Co. raised shares of 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 report on Thursday, December 12th. Finally, KeyCorp upped their price target on shares of Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $69.50.

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.