Tyche Wealth Partners LLC Sells 202 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Tyche Wealth Partners LLC decreased its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 5.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,679 shares of the company’s stock after selling 202 shares during the quarter. Tyche Wealth Partners LLC’s holdings in Xcel Energy were worth $248,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in XEL. Ashton Thomas Securities LLC bought a new stake in shares of Xcel Energy in the 3rd quarter worth approximately $25,000. Transcendent Capital Group LLC bought a new stake in shares of Xcel Energy in the 3rd quarter worth approximately $33,000. Crews Bank & Trust bought a new stake in shares of Xcel Energy in the 4th quarter worth approximately $34,000. MCF Advisors LLC lifted its position 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 acquiring an additional 504 shares during the period. Finally, West Financial Advisors LLC bought a new stake in shares of Xcel Energy in the 3rd quarter worth approximately $43,000. Institutional investors own 78.38% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on XEL shares. KeyCorp raised their price objective on Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Wells Fargo & Company raised Xcel Energy from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $70.00 to $72.00 in a report on Monday, January 13th. JPMorgan Chase & Co. raised Xcel Energy from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $69.00 to $80.00 in a report on Thursday, December 12th. Jefferies Financial Group raised Xcel Energy from a “hold” rating to a “buy” rating and increased their target price for the stock from $71.00 to $76.00 in a report on Friday, November 1st. Finally, Barclays dropped their target price on Xcel Energy from $71.00 to $69.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Xcel Energy presently has an average rating of “Moderate Buy” and an average target price of $69.64.

Xcel Energy Trading Down 1.2 %

XEL stock opened at $67.12 on Friday. The business has a fifty day moving average price of $67.58 and a 200 day moving average price of $64.79. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $73.38. The stock has a market capitalization of $38.54 billion, a price-to-earnings ratio of 19.92, a P/E/G ratio of 2.54 and a beta of 0.43. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. Analysts expect that Xcel Energy Inc. will post 3.54 EPS for the current fiscal 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 paid a $0.5475 dividend. The ex-dividend date was Monday, January 6th. This represents a $2.19 annualized dividend and a dividend yield of 3.26%. Xcel Energy’s dividend payout ratio (DPR) is currently 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.