Xcel Energy Inc. (NASDAQ:XEL) Shares Bought by GenTrust LLC

GenTrust LLC raised its stake in Xcel Energy Inc. (NASDAQ:XEL) by 4.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,602 shares of the company’s stock after acquiring an additional 155 shares during the quarter. GenTrust LLC’s holdings in Xcel Energy were worth $243,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in shares of Xcel Energy during the 3rd quarter worth approximately $25,000. Sierra Ocean LLC acquired a new position in shares of Xcel Energy during the 4th quarter worth approximately $26,000. Transcendent Capital Group LLC acquired a new position in shares of Xcel Energy during the 3rd quarter worth approximately $33,000. Crews Bank & Trust acquired a new position in shares of Xcel Energy during the 4th quarter worth approximately $34,000. Finally, MCF Advisors LLC raised its stake in shares of Xcel Energy by 566.3% during the 4th quarter. MCF Advisors LLC now owns 593 shares of the company’s stock worth $40,000 after buying an additional 504 shares during the period. 78.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Jefferies Financial Group raised Xcel Energy from a “hold” rating to a “buy” rating and increased their price objective for the company from $71.00 to $76.00 in a research note on Friday, November 1st. Wells Fargo & Company raised their target price on Xcel Energy from $72.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. raised Xcel Energy from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $69.00 to $80.00 in a research report on Thursday, December 12th. Morgan Stanley dropped their price target on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Finally, KeyCorp lifted their target price 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 company. According to data from MarketBeat, Xcel Energy presently has a consensus rating of “Moderate Buy” and an average target price of $69.91.

Xcel Energy Price Performance

XEL opened at $69.97 on Thursday. The stock has a fifty day moving average of $67.27 and a 200-day moving average of $65.94. The firm has a market capitalization of $40.18 billion, a P/E ratio of 20.34, a PEG ratio of 2.62 and a beta of 0.43. Xcel Energy Inc. has a 12-month low of $46.79 and a 12-month high of $73.38. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42.

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

Xcel Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, April 20th. Investors of record on Friday, March 14th will be given a dividend of $0.57 per share. This is an increase from Xcel Energy’s previous quarterly dividend of $0.55. This represents a $2.28 dividend on an annualized basis and a yield of 3.26%. Xcel Energy’s dividend payout ratio (DPR) is 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.