HighMark Wealth Management LLC Has $501,000 Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

HighMark Wealth Management LLC reduced its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 43.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,419 shares of the company’s stock after selling 5,609 shares during the quarter. HighMark Wealth Management LLC’s holdings in Xcel Energy were worth $501,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of XEL. State Street Corp grew its stake in shares of Xcel Energy by 6.7% in the 3rd 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 period. Massachusetts Financial Services Co. MA increased its position in Xcel Energy by 6.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 15,190,756 shares of the company’s stock worth $991,956,000 after purchasing an additional 892,740 shares during the period. Geode Capital Management LLC lifted its position in Xcel Energy by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 14,562,103 shares of the company’s stock valued at $952,091,000 after purchasing an additional 262,191 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Xcel Energy by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,417,615 shares of the company’s stock worth $223,170,000 after buying an additional 67,820 shares during the period. Finally, Brookfield Corp ON raised its stake in shares of Xcel Energy by 520.1% during the third quarter. Brookfield Corp ON now owns 2,509,031 shares of the company’s stock worth $163,840,000 after buying an additional 2,104,405 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on XEL. JPMorgan Chase & Co. raised shares of Xcel Energy from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $69.00 to $80.00 in a research note on Thursday, December 12th. Jefferies Financial Group upgraded Xcel Energy from a “hold” rating to a “buy” rating and upped their price objective for the company from $71.00 to $76.00 in a report on Friday, November 1st. Barclays cut their target price on Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 22nd. KeyCorp upped 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. Finally, Wells Fargo & Company lifted their price objective on shares of Xcel Energy from $72.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $69.91.

Xcel Energy Stock Up 0.3 %

Shares of Xcel Energy stock opened at $68.61 on Tuesday. Xcel Energy Inc. has a 52-week low of $46.79 and a 52-week high of $73.38. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. The business’s 50 day simple moving average is $67.05 and its 200 day simple moving average is $65.36. The firm has a market cap of $39.40 billion, a PE ratio of 19.94, a P/E/G ratio of 2.54 and a beta of 0.43.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data 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%. On average, analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Monday, January 6th were issued a $0.5475 dividend. This represents a $2.19 annualized dividend and a dividend yield of 3.19%. The ex-dividend date was Monday, January 6th. Xcel Energy’s payout ratio is presently 63.66%.

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.