Xcel Energy Inc. (NASDAQ:XEL) Shares Sold by Focus Financial Network Inc.

Focus Financial Network Inc. lowered its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 1.0% during the fourth quarter, Holdings Channel reports. The fund owned 109,331 shares of the company’s stock after selling 1,059 shares during the quarter. Focus Financial Network Inc.’s holdings in Xcel Energy were worth $7,382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. State Street Corp boosted its holdings in 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 during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings 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 valued at $991,956,000 after buying an additional 892,740 shares during the period. Geode Capital Management LLC boosted its stake in shares of Xcel Energy by 1.8% in the third quarter. Geode Capital Management LLC now owns 14,562,103 shares of the company’s stock worth $952,091,000 after buying an additional 262,191 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Xcel Energy by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,417,615 shares of the company’s stock worth $223,170,000 after acquiring an additional 67,820 shares during the period. Finally, Brookfield Corp ON raised its position in Xcel Energy by 520.1% during the third quarter. Brookfield Corp ON now owns 2,509,031 shares of the company’s stock valued at $163,840,000 after acquiring an additional 2,104,405 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Analyst Ratings Changes

XEL has been the topic of several recent research reports. JPMorgan Chase & Co. upgraded 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 research report on Thursday, December 12th. Wells Fargo & Company increased their price target on shares of Xcel Energy from $72.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday. Jefferies Financial Group raised shares of Xcel Energy from a “hold” rating to a “buy” rating and lifted their price objective for the company from $71.00 to $76.00 in a report on Friday, November 1st. Barclays lowered 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. Finally, KeyCorp lifted their price target on Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $69.91.

Xcel Energy Price Performance

NASDAQ:XEL opened at $66.88 on Tuesday. The firm has a market cap of $38.41 billion, a P/E ratio of 19.44, a price-to-earnings-growth ratio of 2.54 and a beta of 0.43. The stock has a 50 day moving average of $67.35 and a two-hundred day moving average of $65.01. Xcel Energy Inc. has a 12 month low of $46.79 and a 12 month high of $73.38. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. On average, analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Monday, January 6th were given a dividend of $0.5475 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.19 dividend on an annualized basis and a yield of 3.27%. Xcel Energy’s payout ratio is presently 63.66%.

About Xcel Energy

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.