Everpar Advisors LLC Buys 287 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Everpar Advisors LLC grew its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 5.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 5,881 shares of the company’s stock after acquiring an additional 287 shares during the period. Everpar Advisors LLC’s holdings in Xcel Energy were worth $397,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. State Street Corp increased its holdings in Xcel Energy by 6.7% during the 3rd quarter. State Street Corp now owns 37,143,025 shares of the company’s stock worth $2,445,477,000 after purchasing an additional 2,323,448 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Xcel Energy by 6.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 15,190,756 shares of the company’s stock valued at $991,956,000 after buying an additional 892,740 shares during the period. Geode Capital Management LLC increased its stake in shares of Xcel Energy by 1.8% during the third quarter. Geode Capital Management LLC now owns 14,562,103 shares of the company’s stock valued at $952,091,000 after buying an additional 262,191 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Xcel Energy by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,417,615 shares of the company’s stock valued at $223,170,000 after acquiring an additional 67,820 shares in the last quarter. Finally, Brookfield Corp ON lifted 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 acquiring an additional 2,104,405 shares during the period. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Performance

XEL opened at $66.20 on Friday. The firm has a 50 day moving average of $68.42 and a two-hundred day moving average of $63.39. The firm has a market capitalization of $38.01 billion, a PE ratio of 19.64, a P/E/G ratio of 2.40 and a beta of 0.42. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. Xcel Energy Inc. has a 12-month low of $46.79 and a 12-month high of $73.38.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Thursday, October 31st. The company reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.01). Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.93 billion. During the same quarter in the prior year, the firm earned $1.23 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. On average, analysts anticipate that Xcel Energy Inc. will post 3.54 EPS for the current year.

Xcel Energy Cuts Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on XEL shares. Jefferies Financial Group upgraded shares of 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 Xcel Energy from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $70.00 to $72.00 in a research report on Monday. UBS Group boosted their price target on Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Morgan Stanley cut their target price 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, JPMorgan Chase & Co. upgraded shares of Xcel Energy from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $69.00 to $80.00 in a report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Xcel Energy presently has an average rating of “Moderate Buy” and a consensus price target of $69.67.

About Xcel Energy

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.