Xcel Energy Inc. (NASDAQ:XEL) Shares Acquired by DeDora Capital Inc.

DeDora Capital Inc. lifted its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 2.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 20,126 shares of the company’s stock after purchasing an additional 396 shares during the period. DeDora Capital Inc.’s holdings in Xcel Energy were worth $1,359,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Dakota Wealth Management increased its stake in shares of Xcel Energy by 0.7% during the fourth quarter. Dakota Wealth Management now owns 23,130 shares of the company’s stock valued at $1,562,000 after acquiring an additional 151 shares during the period. Integris Wealth Management LLC increased its stake in shares of Xcel Energy by 2.6% during the fourth quarter. Integris Wealth Management LLC now owns 6,323 shares of the company’s stock valued at $427,000 after acquiring an additional 160 shares during the period. Bond & Devick Financial Network Inc. increased its stake in shares of Xcel Energy by 1.1% during the third quarter. Bond & Devick Financial Network Inc. now owns 15,972 shares of the company’s stock valued at $1,043,000 after acquiring an additional 168 shares during the period. LRI Investments LLC increased its stake in shares of Xcel Energy by 5.9% during the third quarter. LRI Investments LLC now owns 3,037 shares of the company’s stock valued at $209,000 after acquiring an additional 170 shares during the period. Finally, Brooklyn Investment Group grew its position in Xcel Energy by 10.2% in the fourth quarter. Brooklyn Investment Group now owns 1,920 shares of the company’s stock worth $130,000 after buying an additional 178 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Trading Up 0.3 %

Xcel Energy stock opened at $68.61 on Friday. The company has a 50 day moving average price of $67.07 and a 200 day moving average price of $65.19. Xcel Energy Inc. has a 52 week low of $46.79 and a 52 week high of $73.38. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. The firm has a market capitalization of $39.40 billion, a price-to-earnings ratio of 19.94, a P/E/G ratio of 2.54 and a beta of 0.43.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.81 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%. Research analysts forecast that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Monday, January 6th were issued a dividend of $0.5475 per share. This represents a $2.19 annualized dividend and a dividend yield of 3.19%. The ex-dividend date was Monday, January 6th. Xcel Energy’s dividend payout ratio is currently 63.66%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Barclays decreased their price target on shares of Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 22nd. Wells Fargo & Company lifted their price target on shares of Xcel Energy from $72.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. KeyCorp lifted their price target on shares of Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Morgan Stanley decreased their price target on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Finally, Jefferies Financial Group upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and lifted their price target for the stock from $71.00 to $76.00 in a research report on Friday, November 1st. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $69.91.

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.