Capital Advisors Inc. OK Takes $246,000 Position in Xcel Energy Inc. (NASDAQ:XEL)

Capital Advisors Inc. OK purchased a new position in shares of Xcel Energy Inc. (NASDAQ:XEL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,636 shares of the company’s stock, valued at approximately $246,000.

Several other large investors have also bought and sold shares of the business. State Street Corp raised its position in shares of Xcel Energy by 6.7% during the 3rd quarter. State Street Corp now owns 37,143,025 shares of the company’s stock valued at $2,445,477,000 after acquiring an additional 2,323,448 shares during the last quarter. Brookfield Corp ON increased its holdings in Xcel Energy by 520.1% in the third quarter. Brookfield Corp ON now owns 2,509,031 shares of the company’s stock valued at $163,840,000 after purchasing an additional 2,104,405 shares during the last quarter. Merewether Investment Management LP bought a new stake in Xcel Energy in the third quarter valued at about $64,301,000. Massachusetts Financial Services Co. MA lifted its stake in Xcel Energy by 6.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 15,190,756 shares of the company’s stock valued at $991,956,000 after buying an additional 892,740 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in Xcel Energy by 1,265.6% during the third quarter. Janus Henderson Group PLC now owns 839,146 shares of the company’s stock worth $54,797,000 after buying an additional 777,696 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on XEL. Wells Fargo & Company upped their price target on Xcel Energy from $72.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Jefferies Financial Group raised shares of Xcel Energy from a “hold” rating to a “buy” rating and upped their target price for the company from $71.00 to $76.00 in a research note on Friday, November 1st. 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 lowered their price objective on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Finally, Barclays reduced their target price on Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock 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. According to data from MarketBeat, Xcel Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.91.

Xcel Energy Stock Up 0.3 %

XEL stock opened at $67.40 on Thursday. 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 stock has a market capitalization of $38.70 billion, a P/E ratio of 19.59, a P/E/G ratio of 2.54 and a beta of 0.43. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $73.38. The business has a 50-day moving average of $67.19 and a 200-day moving average of $65.15.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.81 earnings per share 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%. On average, sell-side analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Monday, January 6th were given a dividend of $0.5475 per share. The ex-dividend date was Monday, January 6th. This represents a $2.19 annualized dividend and a yield of 3.25%. Xcel Energy’s dividend payout ratio (DPR) is presently 63.66%.

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.