AlphaStar Capital Management LLC Buys 2,243 Shares of Xcel Energy Inc. (NASDAQ:XEL)

AlphaStar Capital Management LLC boosted its stake in Xcel Energy Inc. (NASDAQ:XEL) by 41.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,708 shares of the company’s stock after buying an additional 2,243 shares during the period. AlphaStar Capital Management LLC’s holdings in Xcel Energy were worth $520,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. AMF Tjanstepension AB grew its position in shares of Xcel Energy by 185.2% in the 3rd 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 during the period. Mather Group LLC. grew its holdings in Xcel Energy by 23.7% in the third quarter. Mather Group LLC. now owns 2,942 shares of the company’s stock worth $192,000 after purchasing an additional 564 shares during the period. Brookstone Capital Management increased its stake in shares of Xcel Energy by 4.3% during the third quarter. Brookstone Capital Management now owns 5,723 shares of the company’s stock valued at $374,000 after purchasing an additional 238 shares in the last quarter. CWM LLC lifted its holdings in shares of Xcel Energy by 95.8% during the third quarter. CWM LLC now owns 72,286 shares of the company’s stock valued at $4,720,000 after purchasing an additional 35,363 shares during the last quarter. Finally, Marcum Wealth LLC bought a new stake in shares of Xcel Energy in the 3rd quarter worth approximately $221,000. 78.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on XEL. KeyCorp lifted their price objective on 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 lifted their price target on Xcel Energy from $72.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday. Morgan Stanley cut their price objective on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Jefferies Financial Group raised shares of Xcel Energy from a “hold” rating to a “buy” rating and lifted their target price for the stock from $71.00 to $76.00 in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. upgraded shares of Xcel Energy from a “neutral” rating to an “overweight” rating and increased their price target for the company from $69.00 to $80.00 in a report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $69.91.

Xcel Energy Price Performance

Shares of XEL opened at $66.60 on Friday. The firm has a market cap of $38.24 billion, a PE ratio of 19.36, a P/E/G ratio of 2.54 and a beta of 0.43. Xcel Energy Inc. has a 1-year low of $46.79 and a 1-year high of $73.38. 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 firm has a fifty day simple moving average of $67.35 and a two-hundred day simple moving average of $64.89.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.81 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%. On average, equities analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Investors 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 yield of 3.29%. Xcel Energy’s dividend payout ratio (DPR) is 63.66%.

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.