CENTRAL TRUST Co Has $600,000 Stock Holdings in Xcel Energy Inc. (NASDAQ:XEL)

CENTRAL TRUST Co decreased its position in Xcel Energy Inc. (NASDAQ:XEL) by 17.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,883 shares of the company’s stock after selling 1,903 shares during the period. CENTRAL TRUST Co’s holdings in Xcel Energy were worth $600,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. U.S. Capital Wealth Advisors LLC increased its holdings in shares of Xcel Energy by 7.0% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 7,968 shares of the company’s stock worth $538,000 after acquiring an additional 522 shares in the last quarter. Greenleaf Trust increased its stake in Xcel Energy by 5.1% during the 4th quarter. Greenleaf Trust now owns 14,527 shares of the company’s stock worth $981,000 after purchasing an additional 705 shares in the last quarter. Spire Wealth Management raised its holdings in Xcel Energy by 2.8% during the 4th quarter. Spire Wealth Management now owns 6,867 shares of the company’s stock worth $464,000 after buying an additional 185 shares during the period. Richardson Financial Services Inc. lifted its stake in Xcel Energy by 222.7% in the fourth quarter. Richardson Financial Services Inc. now owns 1,210 shares of the company’s stock valued at $82,000 after buying an additional 835 shares in the last quarter. Finally, SYM FINANCIAL Corp boosted its holdings in shares of Xcel Energy by 7.5% in the fourth quarter. SYM FINANCIAL Corp now owns 9,222 shares of the company’s stock valued at $623,000 after buying an additional 642 shares during the period. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Up 0.8 %

NASDAQ XEL opened at $67.75 on Tuesday. 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 company has a market cap of $38.90 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 2.54 and a beta of 0.43. The company has a 50 day moving average of $67.85 and a 200-day moving average of $64.61. Xcel Energy Inc. has a 1-year low of $46.79 and a 1-year high of $73.38.

Xcel Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Monday, January 6th were paid a dividend of $0.5475 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.19 dividend on an annualized basis and a yield of 3.23%. Xcel Energy’s payout ratio is 64.99%.

Wall Street Analyst Weigh In

Several research firms recently commented on XEL. Wells Fargo & Company raised shares of Xcel Energy from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $70.00 to $72.00 in a research report on Monday, January 13th. JPMorgan Chase & Co. upgraded Xcel Energy from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $69.00 to $80.00 in a report on Thursday, December 12th. Jefferies Financial Group upgraded Xcel Energy from a “hold” rating to a “buy” rating and increased their price objective for the stock from $71.00 to $76.00 in a report on Friday, November 1st. Morgan Stanley reduced their price target on 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, KeyCorp lifted their price objective on shares of Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.