Xcel Energy Inc. (NASDAQ:XEL) Shares Sold by Affiance Financial LLC

Affiance Financial LLC decreased its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 5.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,167 shares of the company’s stock after selling 353 shares during the quarter. Affiance Financial LLC’s holdings in Xcel Energy were worth $416,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of XEL. Ashton Thomas Securities LLC acquired a new position in shares of Xcel Energy in the third quarter worth about $25,000. Transcendent Capital Group LLC purchased a new stake in shares of Xcel Energy in the 3rd quarter valued at approximately $33,000. Kimelman & Baird LLC purchased a new position in Xcel Energy during the second quarter valued at approximately $35,000. MCF Advisors LLC lifted its holdings in shares of Xcel Energy by 566.3% during the 4th quarter. MCF Advisors LLC now owns 593 shares of the company’s stock valued at $40,000 after buying an additional 504 shares during the last quarter. Finally, West Financial Advisors LLC bought a new stake in Xcel Energy in the third quarter worth $43,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Wall Street Analyst Weigh In

XEL has been the subject of a number of recent analyst reports. KeyCorp upped their price target on shares of Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Morgan Stanley lowered 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. Jefferies Financial Group upgraded Xcel Energy from a “hold” rating to a “buy” rating and upped their price target for the stock from $71.00 to $76.00 in a report on Friday, November 1st. JPMorgan Chase & Co. upgraded shares of Xcel Energy from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $69.00 to $80.00 in a research note on Thursday, December 12th. Finally, Barclays cut their target price on shares of Xcel Energy from $71.00 to $69.00 and set an “overweight” rating for the company in a research note on Wednesday. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Xcel Energy has a consensus rating of “Moderate Buy” and a consensus target price of $69.50.

Xcel Energy Trading Up 0.8 %

XEL stock opened at $66.61 on Friday. Xcel Energy Inc. has a 1-year low of $46.79 and a 1-year high of $73.38. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. The business’s 50 day moving average is $68.20 and its 200-day moving average is $64.00. The firm has a market cap of $38.25 billion, a P/E ratio of 19.77, a P/E/G ratio of 2.53 and a beta of 0.42.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.01). The company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The business’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the company earned $1.23 earnings per share. Equities analysts anticipate that Xcel Energy Inc. will post 3.54 earnings per share for the current fiscal year.

Xcel Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Monday, January 6th will be issued a dividend of $0.5475 per share. This represents a $2.19 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend is Monday, January 6th. Xcel Energy’s payout ratio is presently 64.99%.

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.