Mount Yale Investment Advisors LLC Acquires 711 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Mount Yale Investment Advisors LLC raised its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 17.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,676 shares of the company’s stock after purchasing an additional 711 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Xcel Energy were worth $316,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. State Street Corp grew its stake in Xcel Energy by 6.7% during the third quarter. State Street Corp now owns 37,143,025 shares of the company’s stock worth $2,445,477,000 after buying an additional 2,323,448 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Xcel Energy by 6.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 15,190,756 shares of the company’s stock worth $991,956,000 after acquiring an additional 892,740 shares during the last quarter. Geode Capital Management LLC increased its holdings 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 in the last quarter. Charles Schwab Investment Management Inc. raised its position in Xcel Energy by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,417,615 shares of the company’s stock valued at $223,170,000 after purchasing an additional 67,820 shares during the last quarter. Finally, Brookfield Corp ON boosted its stake in Xcel Energy by 520.1% in the third quarter. Brookfield Corp ON now owns 2,509,031 shares of the company’s stock worth $163,840,000 after purchasing an additional 2,104,405 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

XEL has been the subject of several research reports. Wells Fargo & Company upgraded shares of Xcel Energy from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $70.00 to $72.00 in a research report on Monday, January 13th. Jefferies Financial Group upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $71.00 to $76.00 in a research report on Friday, November 1st. JPMorgan Chase & Co. upgraded Xcel Energy from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $69.00 to $80.00 in a research report on Thursday, December 12th. Morgan Stanley dropped their target price on 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. 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 report on Wednesday, January 22nd. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $69.50.

Xcel Energy Trading Down 0.5 %

XEL stock opened at $66.07 on Thursday. Xcel Energy Inc. has a 52 week low of $46.79 and a 52 week high of $73.38. The company has a market capitalization of $37.94 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 2.53 and a beta of 0.42. The company’s 50-day simple moving average is $68.10 and its 200 day simple moving average is $64.34. 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 (NASDAQ:XEL) last released its quarterly earnings results on Thursday, October 31st. The company reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.01). The business had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.23 earnings per share. As a group, sell-side analysts anticipate that Xcel Energy Inc. will post 3.54 earnings per share for the current year.

Xcel Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Monday, January 6th were given a $0.5475 dividend. This represents a $2.19 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend was Monday, January 6th. Xcel Energy’s payout ratio is presently 64.99%.

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.