Cwm LLC Has $1.92 Million Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Cwm LLC raised its position in Xcel Energy Inc. (NASDAQ:XEL) by 24.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 31,025 shares of the company’s stock after purchasing an additional 6,167 shares during the quarter. Cwm LLC’s holdings in Xcel Energy were worth $1,921,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Criterion Capital Advisors LLC acquired a new position in Xcel Energy in the fourth quarter valued at about $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Xcel Energy during the fourth quarter worth approximately $25,000. Capital Analysts LLC lifted its position in shares of Xcel Energy by 293.6% during the fourth quarter. Capital Analysts LLC now owns 433 shares of the company’s stock worth $26,000 after purchasing an additional 323 shares in the last quarter. Royal London Asset Management Ltd. acquired a new position in shares of Xcel Energy during the third quarter worth approximately $27,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Xcel Energy during the third quarter worth approximately $31,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

XEL has been the topic of a number of research reports. Wolfe Research upgraded shares of Xcel Energy from a “peer perform” rating to an “outperform” rating and set a $58.00 target price on the stock in a research report on Monday, March 11th. Barclays upgraded shares of Xcel Energy from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $61.00 to $54.00 in a research report on Monday, March 11th. KeyCorp reduced their target price on shares of Xcel Energy from $68.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. JPMorgan Chase & Co. reduced their target price on shares of Xcel Energy from $68.00 to $59.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 13th. Finally, TheStreet downgraded shares of Xcel Energy from a “b-” rating to a “c+” rating in a research note on Thursday, March 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Xcel Energy currently has an average rating of “Hold” and an average price target of $62.83.

Xcel Energy Stock Down 0.6 %

Xcel Energy stock opened at $55.01 on Friday. The firm has a market capitalization of $30.56 billion, a PE ratio of 17.14, a P/E/G ratio of 2.43 and a beta of 0.36. The company’s 50-day moving average is $53.88 and its 200-day moving average is $58.10. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $70.97. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.72 and a quick ratio of 0.59.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data on Thursday, January 25th. The company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.02). The firm had revenue of $3.44 billion for the quarter, compared to analyst estimates of $4.01 billion. Xcel Energy had a return on equity of 10.78% and a net margin of 12.47%. The firm’s revenue for the quarter was down 15.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 earnings per share. Sell-side analysts anticipate that Xcel Energy Inc. will post 3.56 earnings per share for the current year.

Xcel Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, April 20th. Stockholders of record on Friday, March 15th were paid a dividend of $0.548 per share. The ex-dividend date was Thursday, March 14th. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.52. This represents a $2.19 annualized dividend and a dividend yield of 3.98%. Xcel Energy’s payout ratio is currently 68.22%.

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.