Wealth Alliance Reduces Stake in Xcel Energy Inc. (NASDAQ:XEL)

Wealth Alliance lowered its position in Xcel Energy Inc. (NASDAQ:XEL) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,673 shares of the company’s stock after selling 450 shares during the period. Wealth Alliance’s holdings in Xcel Energy were worth $1,598,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Dakota Wealth Management boosted its position in Xcel Energy by 0.7% in the fourth quarter. Dakota Wealth Management now owns 23,130 shares of the company’s stock valued at $1,562,000 after buying an additional 151 shares during the last quarter. Integris Wealth Management LLC boosted its position in Xcel Energy by 2.6% in the fourth quarter. Integris Wealth Management LLC now owns 6,323 shares of the company’s stock valued at $427,000 after buying an additional 160 shares during the last quarter. Bond & Devick Financial Network Inc. boosted its position in Xcel Energy by 1.1% in the third quarter. Bond & Devick Financial Network Inc. now owns 15,972 shares of the company’s stock valued at $1,043,000 after buying an additional 168 shares during the last quarter. LRI Investments LLC lifted its holdings in Xcel Energy by 5.9% in 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 lifted its holdings in Xcel Energy by 10.2% in the fourth quarter. Brooklyn Investment Group now owns 1,920 shares of the company’s stock valued at $130,000 after acquiring an additional 178 shares during the period. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Trading Up 0.8 %

Shares of XEL stock opened at $69.07 on Thursday. The stock has a 50 day simple moving average of $67.04 and a 200-day simple moving average of $65.52. 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 company has a market cap of $39.66 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 2.59 and a beta of 0.43.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data 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%. On average, equities research analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Monday, January 6th were paid a $0.5475 dividend. This represents a $2.19 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend was Monday, January 6th. Xcel Energy’s dividend payout ratio is currently 63.66%.

Analysts Set New Price Targets

XEL has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised Xcel Energy from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $69.00 to $80.00 in a report on Thursday, December 12th. KeyCorp boosted their price target on Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Morgan Stanley decreased their price target on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Wells Fargo & Company boosted their price target on Xcel Energy from $72.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Finally, Barclays decreased their price target 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 investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.