Catalina Capital Group LLC Has $269,000 Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

Catalina Capital Group LLC raised its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 20.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,982 shares of the company’s stock after buying an additional 685 shares during the quarter. Catalina Capital Group LLC’s holdings in Xcel Energy were worth $269,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of XEL. Ashton Thomas Securities LLC acquired a new position in Xcel Energy during the 3rd quarter worth approximately $25,000. Transcendent Capital Group LLC bought a new stake in shares of Xcel Energy during the third quarter valued at approximately $33,000. Crews Bank & Trust acquired a new position in shares of Xcel Energy during the fourth quarter worth approximately $34,000. MCF Advisors LLC lifted its holdings in shares of Xcel Energy by 566.3% in the 4th quarter. MCF Advisors LLC now owns 593 shares of the company’s stock worth $40,000 after purchasing an additional 504 shares in the last quarter. Finally, West Financial Advisors LLC acquired a new stake in Xcel Energy in the 3rd quarter valued at $43,000. 78.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

XEL has been the topic of several research reports. JPMorgan Chase & Co. upgraded shares of Xcel Energy from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $69.00 to $80.00 in a report on Thursday, December 12th. KeyCorp raised their price target on shares of Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Jefferies Financial Group raised 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 report on Friday, November 1st. Morgan Stanley dropped their target price on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Finally, Wells Fargo & Company upgraded Xcel Energy from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $70.00 to $72.00 in a report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $69.64.

Xcel Energy Trading Up 0.8 %

Shares of Xcel Energy stock opened at $67.75 on Tuesday. The firm has a market cap of $38.90 billion, a PE ratio of 20.10, a P/E/G ratio of 2.54 and a beta of 0.43. Xcel Energy Inc. has a 1 year low of $46.79 and a 1 year high of $73.38. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. The stock has a fifty day moving average price of $67.85 and a 200-day moving average price of $64.61.

Xcel Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Monday, January 6th were given a $0.5475 dividend. This represents a $2.19 annualized dividend and a yield of 3.23%. The ex-dividend date was Monday, January 6th. Xcel Energy’s dividend payout ratio is 64.99%.

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.