Aaron Wealth Advisors LLC Has $423,000 Stock Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Aaron Wealth Advisors LLC lifted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 6.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,258 shares of the company’s stock after purchasing an additional 368 shares during the period. Aaron Wealth Advisors LLC’s holdings in Xcel Energy were worth $423,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. State Street Corp raised its holdings in shares of Xcel Energy by 6.7% during the third quarter. State Street Corp now owns 37,143,025 shares of the company’s stock valued at $2,445,477,000 after purchasing an additional 2,323,448 shares during the period. Brookfield Corp ON raised its stake in Xcel Energy by 520.1% during the 3rd quarter. Brookfield Corp ON now owns 2,509,031 shares of the company’s stock worth $163,840,000 after buying an additional 2,104,405 shares during the period. Merewether Investment Management LP bought a new position in Xcel Energy in the third quarter worth approximately $64,301,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Xcel Energy by 6.2% during 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 acquiring an additional 892,740 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of 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 purchasing an additional 777,696 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Stock Up 0.8 %

XEL stock opened at $66.72 on Monday. The stock has a market cap of $38.31 billion, a P/E ratio of 19.80, a P/E/G ratio of 2.40 and a beta of 0.42. 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 stock’s fifty day simple moving average is $68.41 and its two-hundred day simple moving average is $63.58. Xcel Energy Inc. has a 1-year low of $46.79 and a 1-year high of $73.38.

Xcel Energy (NASDAQ:XEL) last issued 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 analysts’ expectations of $3.93 billion. Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. Xcel Energy’s quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the firm posted $1.23 earnings per share. Analysts expect that Xcel Energy Inc. will post 3.54 EPS for the current year.

Xcel Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Monday, January 6th will be given a dividend of $0.5475 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date is Monday, January 6th. Xcel Energy’s dividend payout ratio is currently 64.99%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. KeyCorp boosted their price target on shares of Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Wells Fargo & Company raised shares of Xcel Energy from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $70.00 to $72.00 in a research report on Monday, January 13th. Jefferies Financial Group raised Xcel Energy from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $71.00 to $76.00 in a report on Friday, November 1st. Morgan Stanley dropped 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. Finally, JPMorgan Chase & Co. upgraded Xcel Energy from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $69.00 to $80.00 in a report on Thursday, December 12th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $69.67.

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.