Christopher J. Hasenberg Inc Decreases Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

Christopher J. Hasenberg Inc cut its position in Xcel Energy Inc. (NASDAQ:XEL) by 14.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,409 shares of the company’s stock after selling 728 shares during the quarter. Xcel Energy comprises about 0.1% of Christopher J. Hasenberg Inc’s holdings, making the stock its 26th largest position. Christopher J. Hasenberg Inc’s holdings in Xcel Energy were worth $298,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in Xcel Energy in the 3rd quarter valued at approximately $25,000. Transcendent Capital Group LLC bought a new position in shares of Xcel Energy in the third quarter worth $33,000. Kimelman & Baird LLC purchased a new position in shares of Xcel Energy in the second quarter valued at $35,000. West Financial Advisors LLC purchased a new position in shares of Xcel Energy in the third quarter valued at $43,000. Finally, First Financial Corp IN bought a new stake in shares of Xcel Energy during the 4th quarter valued at $46,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Trading Up 0.7 %

NASDAQ XEL opened at $64.08 on Wednesday. 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 simple moving average is $68.45 and its two-hundred day simple moving average is $63.38. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $73.38. The company has a market capitalization of $36.80 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 2.79 and a beta of 0.42.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.01). The firm had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. Xcel Energy’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the company posted $1.23 earnings per share. Research analysts forecast that Xcel Energy Inc. will post 3.54 EPS for the current fiscal 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 issued 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 3.42%. Xcel Energy’s payout ratio is 64.99%.

Analyst Ratings Changes

Several brokerages have commented on XEL. UBS Group raised their target price on Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. JPMorgan Chase & Co. raised shares of Xcel Energy from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $69.00 to $80.00 in a research note on Thursday, December 12th. Barclays upped their target price 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. Morgan Stanley cut their price target on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Finally, Jefferies Financial Group upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and boosted their price target for the company from $71.00 to $76.00 in a research report on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Xcel Energy has a consensus 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.