Xcel Energy Inc. (NASDAQ:XEL) Shares Acquired by Savant Capital LLC

Savant Capital LLC boosted its position in Xcel Energy Inc. (NASDAQ:XEL) by 0.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,047 shares of the company’s stock after purchasing an additional 199 shares during the period. Savant Capital LLC’s holdings in Xcel Energy were worth $2,096,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. AMF Tjanstepension AB boosted its holdings in Xcel Energy by 185.2% during the third quarter. AMF Tjanstepension AB now owns 34,960 shares of the company’s stock worth $2,283,000 after buying an additional 22,701 shares in the last quarter. Ritholtz Wealth Management raised its holdings in shares of Xcel Energy by 18.5% during the third quarter. Ritholtz Wealth Management now owns 5,607 shares of the company’s stock valued at $366,000 after acquiring an additional 876 shares during the period. CX Institutional purchased a new stake in shares of Xcel Energy in the 3rd quarter valued at approximately $251,000. Wesbanco Bank Inc. acquired a new position in Xcel Energy in the 3rd quarter worth approximately $236,000. Finally, Creative Planning grew its holdings in shares of Xcel Energy by 1.5% during the third quarter. Creative Planning now owns 286,755 shares of the company’s stock valued at $18,725,000 after buying an additional 4,136 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Wells Fargo & Company raised their price objective on Xcel Energy from $72.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Jefferies Financial Group upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and boosted their price target for the company from $71.00 to $76.00 in a report on Friday, November 1st. JPMorgan Chase & Co. raised Xcel Energy from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $69.00 to $80.00 in a research report on Thursday, December 12th. KeyCorp lifted their price target on Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Finally, 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 research note on Friday, November 22nd. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $69.91.

Xcel Energy Trading Up 0.3 %

Shares of XEL stock opened at $67.40 on Thursday. Xcel Energy Inc. has a 12 month low of $46.79 and a 12 month high of $73.38. The company has a market cap of $38.70 billion, a PE ratio of 19.59, a price-to-earnings-growth 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. The business’s 50 day moving average is $67.19 and its two-hundred day moving average is $65.15.

Xcel Energy (NASDAQ:XEL) last posted its earnings results 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 net margin of 14.40% and a return on equity of 10.65%. Equities analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current 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 $0.5475 dividend. This represents a $2.19 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend was Monday, January 6th. Xcel Energy’s dividend payout ratio is currently 63.66%.

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.