Xcel Energy Inc. (NASDAQ:XEL) Shares Purchased by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC boosted its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 4.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 25,368 shares of the company’s stock after acquiring an additional 991 shares during the period. Quotient Wealth Partners LLC’s holdings in Xcel Energy were worth $1,713,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp grew its position in shares of Xcel Energy by 6.7% during the 3rd quarter. State Street Corp now owns 37,143,025 shares of the company’s stock valued at $2,445,477,000 after acquiring an additional 2,323,448 shares during the period. Brookfield Corp ON boosted its position in Xcel Energy by 520.1% during the third quarter. Brookfield Corp ON now owns 2,509,031 shares of the company’s stock worth $163,840,000 after purchasing an additional 2,104,405 shares in the last quarter. Merewether Investment Management LP acquired a new stake in Xcel Energy in the third quarter valued at approximately $64,301,000. Massachusetts Financial Services Co. MA increased its position in shares of Xcel Energy by 6.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 15,190,756 shares of the company’s stock valued at $991,956,000 after buying an additional 892,740 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Xcel Energy by 1,265.6% during the 3rd quarter. Janus Henderson Group PLC now owns 839,146 shares of the company’s stock worth $54,797,000 after buying an additional 777,696 shares during the period. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Price Performance

Shares of XEL stock opened at $66.60 on Friday. The firm’s 50-day moving average is $67.35 and its two-hundred day moving average is $64.89. Xcel Energy Inc. has a 12 month low of $46.79 and a 12 month 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. The company has a market capitalization of $38.24 billion, a PE ratio of 19.36, a price-to-earnings-growth ratio of 2.54 and a beta of 0.43.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. Analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders 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 yield of 3.29%. Xcel Energy’s payout ratio is currently 63.66%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on XEL. Jefferies Financial Group raised shares of Xcel Energy from a “hold” rating to a “buy” rating and lifted their price target for the company from $71.00 to $76.00 in a research note on Friday, November 1st. Wells Fargo & Company boosted their target price on shares of Xcel Energy from $72.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday. Barclays lowered their price objective on Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a report on Wednesday, January 22nd. Morgan Stanley decreased their target price on 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. Finally, 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. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $69.91.

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.