Lantz Financial LLC Sells 631 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Lantz Financial LLC cut its position in Xcel Energy Inc. (NASDAQ:XEL) by 10.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,637 shares of the company’s stock after selling 631 shares during the quarter. Lantz Financial LLC’s holdings in Xcel Energy were worth $381,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Cyndeo Wealth Partners LLC lifted its holdings in shares of Xcel Energy by 6.7% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 3,291 shares of the company’s stock worth $222,000 after buying an additional 206 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Xcel Energy by 1.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 22,099 shares of the company’s stock worth $1,492,000 after acquiring an additional 290 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Xcel Energy during the 4th quarter valued at $445,000. Exchange Traded Concepts LLC boosted its holdings in Xcel Energy by 2.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 13,421 shares of the company’s stock valued at $906,000 after purchasing an additional 366 shares during the period. Finally, CX Institutional grew its position in Xcel Energy by 56.1% in the 4th quarter. CX Institutional now owns 6,004 shares of the company’s stock worth $405,000 after purchasing an additional 2,158 shares during the last quarter. Institutional investors own 78.38% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on XEL shares. Jefferies Financial Group raised shares of 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 research report on Friday, November 1st. Morgan Stanley cut their price target on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Wells Fargo & Company raised Xcel Energy from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $70.00 to $72.00 in a report on Monday, January 13th. Barclays cut their target price on Xcel Energy from $71.00 to $69.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, KeyCorp lifted their price target on shares of Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Xcel Energy currently has an average rating of “Moderate Buy” and a consensus target price of $69.50.

Xcel Energy Stock Up 0.8 %

XEL opened at $66.61 on Friday. The firm has a market cap of $38.25 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 2.53 and a beta of 0.42. 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 firm’s 50-day simple moving average is $68.20 and its 200-day simple moving average is $64.00. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $73.38.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.01). Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The firm had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.93 billion. During the same period in the prior year, the company posted $1.23 earnings per share. Xcel Energy’s quarterly revenue was down .5% compared to the same quarter last year. Equities research analysts anticipate 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. Shareholders of record on Monday, January 6th will be given a $0.5475 dividend. The ex-dividend date of this dividend is Monday, January 6th. This represents a $2.19 annualized dividend and a yield of 3.29%. Xcel Energy’s payout ratio 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.