BTC Capital Management Inc. Has $7.28 Million Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

BTC Capital Management Inc. decreased its position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 107,809 shares of the company's stock after selling 5,630 shares during the quarter. BTC Capital Management Inc.'s holdings in Xcel Energy were worth $7,275,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in Xcel Energy during the third quarter worth approximately $25,000. Transcendent Capital Group LLC bought a new stake in shares of Xcel Energy during the 3rd quarter worth $33,000. Crews Bank & Trust acquired a new position in Xcel Energy in the 4th quarter valued at $34,000. MCF Advisors LLC raised its holdings in Xcel Energy by 566.3% in the 4th quarter. MCF Advisors LLC now owns 593 shares of the company's stock worth $40,000 after acquiring an additional 504 shares during the period. Finally, West Financial Advisors LLC acquired a new position in Xcel Energy during the 3rd quarter worth $43,000. Institutional investors and hedge funds own 78.38% of the company's stock.

Xcel Energy Price Performance

Shares of NASDAQ XEL traded down $0.39 during mid-day trading on Tuesday, hitting $67.36. 1,821,757 shares of the stock were exchanged, compared to its average volume of 3,535,970. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $73.38. The stock's fifty day simple moving average is $67.77 and its two-hundred day simple moving average is $64.69. 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 company has a market cap of $38.68 billion, a P/E ratio of 19.99, a PEG ratio of 2.54 and a beta of 0.43.

Xcel Energy Cuts Dividend

The firm also recently disclosed 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 of this dividend was Monday, January 6th. This represents a $2.19 annualized dividend and a yield of 3.25%. Xcel Energy's payout ratio is 64.99%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group raised Xcel Energy from a "hold" rating to a "buy" rating and raised their price target for the company from $71.00 to $76.00 in a research report on Friday, November 1st. Barclays lowered their target price 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 cut their price target on Xcel Energy from $74.00 to $72.00 and set an "equal weight" rating for the company in a report on Friday, November 22nd. KeyCorp upped their target price 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. Finally, JPMorgan Chase & Co. upgraded shares of Xcel Energy from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $69.00 to $80.00 in a report on Thursday, December 12th. Three equities research 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, Xcel Energy presently has an average rating of "Moderate Buy" and a consensus target price of $69.64.

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.