Premier Path Wealth Partners LLC Takes $256,000 Position in Xcel Energy Inc. (NASDAQ:XEL)

Premier Path Wealth Partners LLC acquired a new stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,795 shares of the company's stock, valued at approximately $256,000.

Other hedge funds and other institutional investors 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% in the third quarter. State Street Corp now owns 37,143,025 shares of the company's stock valued at $2,445,477,000 after purchasing an additional 2,323,448 shares in the last quarter. Brookfield Corp ON boosted its stake 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 buying an additional 2,104,405 shares during the last quarter. Merewether Investment Management LP purchased a new stake in Xcel Energy in the 3rd quarter valued at $64,301,000. Massachusetts Financial Services Co. MA increased its stake in shares of Xcel Energy by 6.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 15,190,756 shares of the company's stock worth $991,956,000 after acquiring an additional 892,740 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings 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 acquiring an additional 777,696 shares during the period. Hedge funds and other institutional investors own 78.38% of the company's stock.

Xcel Energy Stock Performance

Xcel Energy stock traded up $0.52 during midday trading on Monday, hitting $66.72. 3,235,024 shares of the company's stock were exchanged, compared to its average volume of 3,227,652. 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 has a market cap of $38.31 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 2.40 and a beta of 0.42. Xcel Energy Inc. has a 12-month low of $46.79 and a 12-month high of $73.38. The firm's 50 day simple moving average is $68.41 and its 200 day simple moving average is $63.66.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.25 earnings per share for the quarter, missing analysts' consensus estimates of $1.26 by ($0.01). The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.93 billion. Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The firm's revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.23 earnings per share. Equities 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. Shareholders of record on Monday, January 6th will be issued a $0.5475 dividend. This represents a $2.19 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date is Monday, January 6th. Xcel Energy's dividend payout ratio is presently 64.99%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on XEL shares. JPMorgan Chase & Co. raised Xcel Energy from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $69.00 to $80.00 in a research note on Thursday, December 12th. Wells Fargo & Company raised 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 research report on Monday, January 13th. Barclays upped their target price on shares of Xcel Energy from $67.00 to $71.00 and gave the company an "overweight" rating in a research report on Tuesday, November 26th. KeyCorp lifted their price target on shares of Xcel Energy from $74.00 to $79.00 and gave the company an "overweight" rating in a research report on Wednesday, December 4th. Finally, Jefferies Financial Group upgraded shares of Xcel Energy from a "hold" rating to a "buy" rating and upped their price objective for the stock from $71.00 to $76.00 in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Xcel Energy presently has a consensus rating of "Moderate Buy" and an average target price of $69.67.

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.