Hodges Capital Management Inc. Has $3.47 Million Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

Hodges Capital Management Inc. lifted its position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 447.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,396 shares of the company's stock after acquiring an additional 42,001 shares during the quarter. Hodges Capital Management Inc.'s holdings in Xcel Energy were worth $3,470,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in XEL. Ashton Thomas Securities LLC acquired a new position in Xcel Energy during the 3rd quarter valued at about $25,000. Transcendent Capital Group LLC acquired a new position in Xcel Energy in the third quarter valued at approximately $33,000. Crews Bank & Trust bought a new position in Xcel Energy in the fourth quarter valued at approximately $34,000. MCF Advisors LLC grew its holdings in Xcel Energy by 566.3% during 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 bought a new stake in shares of Xcel Energy during the 3rd quarter valued at $43,000. Institutional investors and hedge funds own 78.38% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on XEL shares. KeyCorp raised 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. Morgan Stanley cut their price target on shares of 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. Jefferies Financial Group upgraded shares of Xcel Energy from a "hold" rating to a "buy" rating and boosted their price objective for the company from $71.00 to $76.00 in a report on Friday, November 1st. JPMorgan Chase & Co. upgraded shares of Xcel Energy from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $69.00 to $80.00 in a report on Thursday, December 12th. Finally, Wells Fargo & Company raised shares of Xcel Energy from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $70.00 to $72.00 in a report on Monday, January 13th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Xcel Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $69.64.

Xcel Energy Stock Down 1.2 %

Shares of NASDAQ:XEL traded down $0.83 during mid-day trading on Thursday, reaching $67.12. 5,611,533 shares of the stock were exchanged, compared to its average volume of 3,653,548. The stock's 50 day simple moving average is $67.58 and its 200-day simple moving average is $64.79. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $73.38. The company has a market cap of $38.54 billion, a P/E ratio of 19.92, a P/E/G ratio of 2.54 and a beta of 0.43. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. As a group, equities research analysts predict that Xcel Energy Inc. will post 3.54 EPS for the current year.

Xcel Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Monday, January 6th were paid 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 3.26%. Xcel Energy's dividend payout ratio is 64.99%.

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.