Modern Wealth Management LLC Has $554,000 Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Modern Wealth Management LLC raised its stake in Xcel Energy Inc. (NASDAQ:XEL) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,277 shares of the company’s stock after buying an additional 428 shares during the quarter. Modern Wealth Management LLC’s holdings in Xcel Energy were worth $554,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in XEL. Vanguard Group Inc. grew its holdings in shares of Xcel Energy by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 73,831,988 shares of the company’s stock valued at $4,985,136,000 after buying an additional 953,002 shares during the period. State Street Corp lifted its holdings in Xcel Energy by 6.7% during 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. Geode Capital Management LLC lifted its holdings in Xcel Energy by 1.8% during the third quarter. Geode Capital Management LLC now owns 14,562,103 shares of the company’s stock worth $952,091,000 after acquiring an additional 262,191 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Xcel Energy by 0.3% in the fourth quarter. Bank of New York Mellon Corp now owns 3,777,002 shares of the company’s stock valued at $255,023,000 after acquiring an additional 11,529 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Xcel Energy by 6.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,625,848 shares of the company’s stock worth $244,817,000 after acquiring an additional 208,233 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

Insider Transactions at Xcel Energy

In other Xcel Energy news, Director Devin W. Stockfish bought 2,170 shares of Xcel Energy stock in a transaction dated Tuesday, March 11th. The stock was bought at an average cost of $68.93 per share, for a total transaction of $149,578.10. Following the purchase, the director now owns 3,007 shares of the company’s stock, valued at $207,272.51. The trade was a 259.26 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.09% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on XEL shares. Barclays cut their price objective on Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a report on Wednesday, January 22nd. JPMorgan Chase & Co. upgraded shares of Xcel Energy from a “neutral” rating to an “overweight” rating and upped their price target for the company from $69.00 to $80.00 in a report on Thursday, December 12th. Wells Fargo & Company raised their price objective on shares of Xcel Energy from $72.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Morgan Stanley upped their target price on shares of Xcel Energy from $75.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. Finally, UBS Group lifted their price target on Xcel Energy from $70.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $72.30.

Xcel Energy Price Performance

Shares of NASDAQ XEL opened at $69.32 on Friday. Xcel Energy Inc. has a fifty-two week low of $51.97 and a fifty-two week high of $73.38. The stock has a market capitalization of $39.83 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 2.62 and a beta of 0.37. 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 business has a 50-day moving average of $68.53 and a 200-day moving average of $67.18.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. As a group, sell-side 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 disclosed a quarterly dividend, which will be paid on Sunday, April 20th. Stockholders of record on Friday, March 14th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Xcel Energy’s previous quarterly dividend of $0.55. Xcel Energy’s dividend payout ratio (DPR) is 66.28%.

About Xcel Energy

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.