Mather Group LLC. Has $230,000 Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Mather Group LLC. grew its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 15.8% in the 4th quarter, Holdings Channel reports. The firm owned 3,408 shares of the company’s stock after acquiring an additional 466 shares during the quarter. Mather Group LLC.’s holdings in Xcel Energy were worth $230,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of XEL. AMF Tjanstepension AB boosted its position in shares of Xcel Energy by 185.2% during the 3rd quarter. AMF Tjanstepension AB now owns 34,960 shares of the company’s stock worth $2,283,000 after purchasing an additional 22,701 shares in the last quarter. Czech National Bank boosted its holdings in Xcel Energy by 7.3% in the third quarter. Czech National Bank now owns 113,568 shares of the company’s stock worth $7,416,000 after acquiring an additional 7,686 shares in the last quarter. Brookstone Capital Management grew its stake in Xcel Energy by 4.3% in the third quarter. Brookstone Capital Management now owns 5,723 shares of the company’s stock valued at $374,000 after acquiring an additional 238 shares during the period. West Financial Advisors LLC bought a new stake in shares of Xcel Energy during the third quarter valued at approximately $43,000. Finally, CWM LLC raised its position in shares of Xcel Energy by 95.8% during the third quarter. CWM LLC now owns 72,286 shares of the company’s stock worth $4,720,000 after purchasing an additional 35,363 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Wells Fargo & Company upgraded 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 research note on Monday, January 13th. KeyCorp upped their target price on shares of Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Jefferies Financial Group upgraded Xcel Energy from a “hold” rating to a “buy” rating and lifted their price target for the company from $71.00 to $76.00 in a research note on Friday, November 1st. Barclays decreased their price objective on Xcel Energy from $71.00 to $69.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. Finally, Morgan Stanley cut their target price on 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. Three equities research 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $69.64.

Xcel Energy Stock Down 1.2 %

Shares of NASDAQ:XEL opened at $67.12 on Friday. The firm has a fifty day moving average price of $67.58 and a two-hundred day moving average price of $64.79. The company has a market cap of $38.54 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 2.54 and a beta of 0.43. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $73.38.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. Analysts anticipate that Xcel Energy Inc. will post 3.54 EPS for the current fiscal year.

Xcel Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Monday, January 6th were given a $0.5475 dividend. This represents a $2.19 annualized dividend and a dividend yield of 3.26%. The ex-dividend date was Monday, January 6th. Xcel Energy’s dividend payout ratio (DPR) is 64.99%.

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.