Panoramic Investment Advisors LLC Buys Shares of 2,971 Xcel Energy Inc. (NASDAQ:XEL)

Panoramic Investment Advisors LLC purchased a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 2,971 shares of the company’s stock, valued at approximately $201,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Ashton Thomas Securities LLC bought a new stake in Xcel Energy during the third quarter valued at approximately $25,000. Transcendent Capital Group LLC purchased a new position in shares of Xcel Energy during the 3rd quarter worth $33,000. Crews Bank & Trust bought a new stake in shares of Xcel Energy during the 4th quarter valued at $34,000. MCF Advisors LLC grew its position in shares of Xcel Energy by 566.3% during the 4th quarter. MCF Advisors LLC now owns 593 shares of the company’s stock valued at $40,000 after acquiring an additional 504 shares during the period. Finally, West Financial Advisors LLC purchased a new stake in shares of Xcel Energy in the 3rd quarter worth $43,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on XEL shares. JPMorgan Chase & Co. raised Xcel Energy from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $69.00 to $80.00 in a report on Thursday, December 12th. KeyCorp boosted their price objective on Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Barclays decreased their target price on shares of Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 22nd. Wells Fargo & Company upgraded shares of Xcel Energy from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $70.00 to $72.00 in a research report on Monday, January 13th. Finally, Morgan Stanley decreased their price objective on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $69.64.

Xcel Energy Trading Up 0.5 %

XEL opened at $67.20 on Monday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. The stock’s 50 day moving average price is $67.85 and its 200-day moving average price is $64.61. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $73.38. The stock has a market cap of $38.59 billion, a price-to-earnings ratio of 19.94, a P/E/G ratio of 2.54 and a beta of 0.43.

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

Xcel Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Monday, January 6th were given a dividend of $0.5475 per share. This represents a $2.19 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend was Monday, January 6th. Xcel Energy’s dividend payout ratio (DPR) is 64.99%.

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.