Old Port Advisors Has $581,000 Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

Old Port Advisors reduced its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 2.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,607 shares of the company’s stock after selling 225 shares during the quarter. Old Port Advisors’ holdings in Xcel Energy were worth $581,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in XEL. Ashton Thomas Securities LLC bought a new stake in Xcel Energy in the third quarter valued at about $25,000. Transcendent Capital Group LLC acquired a new stake in shares of Xcel Energy in the 3rd quarter valued at approximately $33,000. Kimelman & Baird LLC bought a new position in Xcel Energy during the 2nd quarter worth approximately $35,000. Rothschild Investment LLC acquired a new position in Xcel Energy during the second quarter valued at approximately $37,000. Finally, Andra AP fonden bought a new stake in Xcel Energy in the second quarter valued at approximately $43,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on XEL shares. Barclays increased their target price on Xcel Energy from $67.00 to $71.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th. UBS Group increased their target price on shares of Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. JPMorgan Chase & Co. raised shares of Xcel Energy from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $69.00 to $80.00 in a research report on Thursday, December 12th. Wells Fargo & Company increased their price objective on shares of Xcel Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Finally, Morgan Stanley lowered their target price on 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. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $69.17.

Xcel Energy Stock Performance

Shares of XEL stock traded down $0.46 during trading on Thursday, reaching $67.06. 547,979 shares of the company’s stock were exchanged, compared to its average volume of 4,096,642. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $73.38. The firm’s fifty day moving average price is $68.41 and its 200-day moving average price is $62.56. 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 stock has a market capitalization of $38.51 billion, a PE ratio of 19.90, a PEG ratio of 2.79 and a beta of 0.41.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.01). The company had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. Xcel Energy’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.23 earnings per share. As a group, sell-side analysts anticipate that Xcel Energy Inc. will post 3.54 EPS for the current year.

Xcel Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Monday, January 6th will be paid a dividend of $0.5475 per share. The ex-dividend date of this dividend is Monday, January 6th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.27%. Xcel Energy’s dividend payout ratio (DPR) is currently 64.99%.

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.