Callan Family Office LLC Acquires New Shares in Xcel Energy Inc. (NASDAQ:XEL)

Callan Family Office LLC acquired a new stake in Xcel Energy Inc. (NASDAQ:XEL) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 13,769 shares of the company’s stock, valued at approximately $930,000.

Several other large investors also recently modified their holdings of XEL. State Street Corp increased its holdings in shares of Xcel Energy by 6.7% in the third quarter. State Street Corp now owns 37,143,025 shares of the company’s stock worth $2,445,477,000 after acquiring an additional 2,323,448 shares in the last quarter. Brookfield Corp ON increased its holdings in shares of 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 in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Xcel Energy in the fourth quarter worth about $83,653,000. Reaves W H & Co. Inc. increased its holdings in shares of Xcel Energy by 440.2% in the fourth quarter. Reaves W H & Co. Inc. now owns 1,455,927 shares of the company’s stock worth $98,304,000 after acquiring an additional 1,186,427 shares in the last quarter. Finally, Merewether Investment Management LP bought a new stake in shares of Xcel Energy in the third quarter worth about $64,301,000. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Trading Up 0.5 %

Shares of Xcel Energy stock opened at $68.00 on Friday. The stock has a market cap of $39.07 billion, a P/E ratio of 19.77, a P/E/G ratio of 2.62 and a beta of 0.37. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. Xcel Energy Inc. has a 12-month low of $49.89 and a 12-month high of $73.38. The business’s 50 day moving average is $67.57 and its 200-day moving average is $66.45.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.06). Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. Equities research analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, April 20th. Stockholders of record on Friday, March 14th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.35%. This is a boost from Xcel Energy’s previous quarterly dividend of $0.55. The ex-dividend date is Friday, March 14th. Xcel Energy’s dividend payout ratio is presently 66.28%.

Analysts Set New Price Targets

Several brokerages have issued reports on XEL. Morgan Stanley lowered 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 increased their price target on Xcel Energy from $72.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Barclays decreased their price objective on Xcel Energy from $71.00 to $69.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. JPMorgan Chase & Co. upgraded Xcel Energy from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $69.00 to $80.00 in a report on Thursday, December 12th. Finally, KeyCorp increased their price objective on Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Xcel Energy presently has a consensus 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.