Capital Advisors Inc. OK Invests $246,000 in Xcel Energy Inc. (NASDAQ:XEL)

Capital Advisors Inc. OK acquired a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,636 shares of the company’s stock, valued at approximately $246,000.

Several other hedge funds have also made changes to their positions in the stock. AMF Tjanstepension AB lifted its position in shares of Xcel Energy by 185.2% in the 3rd quarter. AMF Tjanstepension AB now owns 34,960 shares of the company’s stock worth $2,283,000 after acquiring an additional 22,701 shares during the period. Ritholtz Wealth Management raised its stake in shares of Xcel Energy by 18.5% in the third quarter. Ritholtz Wealth Management now owns 5,607 shares of the company’s stock valued at $366,000 after purchasing an additional 876 shares in the last quarter. CX Institutional acquired a new position in shares of Xcel Energy in the third quarter valued at $251,000. Wesbanco Bank Inc. bought a new position in Xcel Energy in the third quarter worth $236,000. Finally, Creative Planning boosted its stake in Xcel Energy by 1.5% during the third quarter. Creative Planning now owns 286,755 shares of the company’s stock worth $18,725,000 after buying an additional 4,136 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

Analysts Set New Price Targets

XEL has been the subject of a number of recent research reports. KeyCorp increased their price objective on shares of Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Morgan Stanley dropped their price target on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Wells Fargo & Company lifted their price objective on Xcel Energy from $72.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Jefferies Financial Group raised Xcel Energy from a “hold” rating to a “buy” rating and increased their target price for the stock from $71.00 to $76.00 in a report on Friday, November 1st. Finally, Barclays decreased their price target 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. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $69.91.

Xcel Energy Stock Performance

Shares of NASDAQ:XEL opened at $67.40 on Thursday. The business has a fifty day moving average of $67.19 and a 200-day moving average of $65.15. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $73.38. The firm has a market cap of $38.70 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 2.54 and a beta of 0.43.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.81 earnings per share 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, equities research analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Monday, January 6th were issued a dividend of $0.5475 per share. This represents a $2.19 annualized dividend and a yield of 3.25%. The ex-dividend date was Monday, January 6th. Xcel Energy’s dividend payout ratio is 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.