Assetmark Inc. lifted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 4.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 145,564 shares of the company's stock after buying an additional 6,134 shares during the period. Assetmark Inc.'s holdings in Xcel Energy were worth $9,828,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of XEL. Farther Finance Advisors LLC lifted its stake in Xcel Energy by 20.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 5,391 shares of the company's stock valued at $352,000 after purchasing an additional 933 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in Xcel Energy by 3.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 127,993 shares of the company's stock valued at $8,358,000 after acquiring an additional 4,535 shares during the period. Avidian Wealth Enterprises LLC acquired a new stake in Xcel Energy during the 3rd quarter valued at $202,000. Catalina Capital Group LLC bought a new position in Xcel Energy during the third quarter worth $215,000. Finally, Concurrent Investment Advisors LLC increased its holdings in shares of Xcel Energy by 12.6% in the third quarter. Concurrent Investment Advisors LLC now owns 9,920 shares of the company's stock valued at $648,000 after purchasing an additional 1,113 shares during the last quarter. Institutional investors own 78.38% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages recently commented on XEL. Wells Fargo & Company upped their price target on shares of Xcel Energy from $72.00 to $75.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Morgan Stanley lowered their target price on Xcel Energy from $74.00 to $72.00 and set an "equal weight" rating on the stock in a research note on Friday, November 22nd. JPMorgan Chase & Co. upgraded 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 research note on Thursday, December 12th. Barclays lowered their price objective on Xcel Energy from $71.00 to $69.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 22nd. 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 note on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $69.91.
Get Our Latest Stock Report on Xcel Energy
Xcel Energy Price Performance
XEL traded up $1.15 during trading on Monday, hitting $69.15. 284,256 shares of the stock traded hands, compared to its average volume of 3,629,510. 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 twelve month low of $50.76 and a twelve month high of $73.38. The company has a market cap of $39.73 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 2.62 and a beta of 0.37. The business has a 50 day moving average price of $67.57 and a 200 day moving average price of $66.50.
Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. Equities research analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.
Xcel Energy Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 20th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.30%. This is a boost from Xcel Energy's previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Friday, March 14th. Xcel Energy's dividend payout ratio is presently 66.28%.
About Xcel Energy
(
Free Report)
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.
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