Stiles Financial Services Inc Boosts Stock Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Stiles Financial Services Inc lifted its stake in Xcel Energy Inc. (NASDAQ:XEL) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,124 shares of the company’s stock after buying an additional 335 shares during the period. Xcel Energy makes up approximately 1.2% of Stiles Financial Services Inc’s holdings, making the stock its 18th largest holding. Stiles Financial Services Inc’s holdings in Xcel Energy were worth $3,452,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Kestra Private Wealth Services LLC raised its holdings in Xcel Energy by 12.5% during the 4th quarter. Kestra Private Wealth Services LLC now owns 9,362 shares of the company’s stock valued at $632,000 after buying an additional 1,040 shares during the last quarter. Quotient Wealth Partners LLC increased its position in shares of Xcel Energy by 4.1% in the fourth quarter. Quotient Wealth Partners LLC now owns 25,368 shares of the company’s stock valued at $1,713,000 after acquiring an additional 991 shares during the period. AlphaStar Capital Management LLC raised its stake in shares of Xcel Energy by 41.0% during the fourth quarter. AlphaStar Capital Management LLC now owns 7,708 shares of the company’s stock valued at $520,000 after acquiring an additional 2,243 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Xcel Energy by 11.2% during the fourth quarter. Empowered Funds LLC now owns 10,568 shares of the company’s stock worth $714,000 after purchasing an additional 1,064 shares during the period. Finally, Moloney Securities Asset Management LLC grew its stake in shares of Xcel Energy by 0.9% in the fourth quarter. Moloney Securities Asset Management LLC now owns 61,327 shares of the company’s stock worth $4,141,000 after purchasing an additional 551 shares during the last quarter. Institutional investors own 78.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on XEL. KeyCorp upped their price target on Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Wells Fargo & Company upped their target price on Xcel Energy from $72.00 to $75.00 and gave the company an “overweight” rating in a report on Friday. 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 report on Friday, November 22nd. JPMorgan Chase & Co. upgraded shares of Xcel Energy from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $69.00 to $80.00 in a report on Thursday, December 12th. Finally, Barclays cut their target price on shares of Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 22nd. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Xcel Energy currently has an average rating of “Moderate Buy” and a consensus target price of $69.91.

Xcel Energy Trading Down 0.8 %

NASDAQ:XEL opened at $66.60 on Monday. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $73.38. The company’s 50-day simple moving average is $67.35 and its 200 day simple moving average is $64.95. The firm has a market capitalization of $38.24 billion, a P/E ratio of 19.36, 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 (NASDAQ:XEL) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. As a group, analysts forecast that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Monday, January 6th were issued a dividend of $0.5475 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.19 annualized dividend and a dividend yield of 3.29%. Xcel Energy’s payout ratio is presently 63.66%.

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.