Callan Family Office LLC Takes Position in Xcel Energy Inc. (NASDAQ:XEL)

Callan Family Office LLC acquired a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 13,769 shares of the company’s stock, valued at approximately $930,000.

A number of other institutional investors and hedge funds have also modified their holdings of XEL. Avidian Wealth Enterprises LLC bought a new stake in Xcel Energy in the third quarter valued at $202,000. Concurrent Investment Advisors LLC grew its position in Xcel Energy by 12.6% in the third quarter. Concurrent Investment Advisors LLC now owns 9,920 shares of the company’s stock valued at $648,000 after acquiring an additional 1,113 shares during the period. Graypoint LLC bought a new stake in Xcel Energy in the third quarter valued at $203,000. CWA Asset Management Group LLC bought a new stake in Xcel Energy in the third quarter valued at $635,000. Finally, Verdence Capital Advisors LLC grew its position in Xcel Energy by 3.0% in the third quarter. Verdence Capital Advisors LLC now owns 21,821 shares of the company’s stock valued at $1,425,000 after acquiring an additional 633 shares during the period. 78.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on XEL. JPMorgan Chase & Co. upgraded Xcel Energy from a “neutral” rating to an “overweight” rating and upped their price target for the company from $69.00 to $80.00 in a research report on Thursday, December 12th. Barclays reduced their price objective 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. Morgan Stanley reduced their price objective 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. KeyCorp boosted their price objective on Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Finally, Wells Fargo & Company boosted their price objective on Xcel Energy from $72.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $69.91.

Xcel Energy Trading Up 0.5 %

Shares of XEL opened at $68.00 on Friday. 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 Inc. has a 12-month low of $49.89 and a 12-month high of $73.38. The firm has a market capitalization of $39.07 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 2.62 and a beta of 0.37. The stock’s fifty day simple moving average is $67.57 and its 200-day simple moving average is $66.45.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings results 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 net margin of 14.40% and a return on equity of 10.65%. As a group, research analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, April 20th. Investors of record on Friday, March 14th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date is Friday, March 14th. This is an increase from Xcel Energy’s previous quarterly dividend of $0.55. Xcel Energy’s dividend payout ratio is currently 66.28%.

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.