LVW Advisors LLC Purchases 7,822 Shares of Xcel Energy Inc. (NASDAQ:XEL)

LVW Advisors LLC lifted its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 167.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,502 shares of the company's stock after buying an additional 7,822 shares during the period. LVW Advisors LLC's holdings in Xcel Energy were worth $844,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. State Street Corp lifted 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 worth $2,445,477,000 after buying an additional 2,323,448 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in 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 worth $991,956,000 after purchasing an additional 892,740 shares during the last quarter. Geode Capital Management LLC grew its stake in Xcel Energy by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 14,562,103 shares of the company's stock valued at $952,091,000 after purchasing an additional 262,191 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Xcel Energy by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,417,615 shares of the company's stock valued at $223,170,000 after purchasing an additional 67,820 shares during the last quarter. Finally, Brookfield Corp ON raised its stake in shares of Xcel Energy by 520.1% during the 3rd 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 during the period. Institutional investors own 78.38% of the company's stock.

Xcel Energy Trading Up 0.8 %

Shares of XEL traded up $0.52 during trading hours on Monday, hitting $66.72. The company had a trading volume of 3,235,024 shares, compared to its average volume of 3,227,652. Xcel Energy Inc. has a 52-week low of $46.79 and a 52-week high of $73.38. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The stock's 50 day moving average price is $68.41 and its 200 day moving average price is $63.66. The firm has a market cap of $38.31 billion, a P/E ratio of 19.80, a P/E/G ratio of 2.40 and a beta of 0.42.

Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its quarterly 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 analysts' expectations of $3.93 billion. During the same period last year, the firm earned $1.23 earnings per share. Xcel Energy's revenue for the quarter was down .5% on a year-over-year basis. On average, research analysts predict that Xcel Energy Inc. will post 3.54 EPS for the current year.

Xcel Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Monday, January 6th will be given a $0.5475 dividend. The ex-dividend date is Monday, January 6th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.28%. Xcel Energy's dividend payout ratio is currently 64.99%.

Wall Street Analysts Forecast Growth

XEL has been the subject of a number of research analyst reports. Wells Fargo & Company upgraded shares of 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 report on Monday, January 13th. Barclays lifted their price target on shares of Xcel Energy from $67.00 to $71.00 and gave the stock an "overweight" rating in a report on Tuesday, November 26th. KeyCorp increased their price objective on Xcel Energy from $74.00 to $79.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. 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. Finally, Jefferies Financial Group raised Xcel Energy from a "hold" rating to a "buy" rating and upped their price target for the company from $71.00 to $76.00 in a research report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Xcel Energy has an average rating of "Moderate Buy" and an average target price of $69.67.

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.