First Dallas Securities Inc. Lowers Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

First Dallas Securities Inc. lessened its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,090 shares of the company’s stock after selling 1,695 shares during the period. First Dallas Securities Inc.’s holdings in Xcel Energy were worth $1,762,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. abrdn plc increased its stake in shares of Xcel Energy by 5.4% in the fourth quarter. abrdn plc now owns 190,396 shares of the company’s stock worth $12,821,000 after purchasing an additional 9,803 shares in the last quarter. Trust Point Inc. boosted its position in shares of Xcel Energy by 36.1% in the fourth quarter. Trust Point Inc. now owns 10,220 shares of the company’s stock valued at $690,000 after acquiring an additional 2,713 shares during the period. GEN Financial Management INC. bought a new stake in Xcel Energy during the fourth quarter valued at approximately $301,000. Hodges Capital Management Inc. lifted its position in Xcel Energy by 447.1% during the fourth quarter. Hodges Capital Management Inc. now owns 51,396 shares of the company’s stock valued at $3,470,000 after purchasing an additional 42,001 shares during the last quarter. Finally, Panoramic Investment Advisors LLC bought a new stake in Xcel Energy during the fourth quarter valued at approximately $201,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Up 0.8 %

Shares of NASDAQ XEL opened at $67.75 on Tuesday. Xcel Energy Inc. has a 52-week low of $46.79 and a 52-week high of $73.38. The firm has a fifty day moving average of $67.85 and a 200-day moving average of $64.61. The stock has a market capitalization of $38.90 billion, a PE ratio of 20.10, a P/E/G ratio of 2.54 and a beta of 0.43. 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 Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders 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 dividend yield of 3.23%. Xcel Energy’s payout ratio is 64.99%.

Analysts Set New Price Targets

XEL has been the subject of a number of recent analyst reports. Wells Fargo & Company upgraded shares of Xcel Energy from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $70.00 to $72.00 in a report on Monday, January 13th. JPMorgan Chase & Co. upgraded shares of Xcel Energy from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $69.00 to $80.00 in a report on Thursday, December 12th. Barclays reduced their target price on shares of Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 22nd. KeyCorp increased their price objective on shares of Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Finally, Morgan Stanley cut 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. 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of $69.64.

Xcel Energy 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.