Endeavor Private Wealth Inc. Makes New Investment in Xcel Energy Inc. (NASDAQ:XEL)

Endeavor Private Wealth Inc. purchased a new position in shares of Xcel Energy Inc. (NASDAQ:XEL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 805 shares of the company’s stock, valued at approximately $54,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wesbanco Bank Inc. boosted its holdings in Xcel Energy by 14.8% in the 4th quarter. Wesbanco Bank Inc. now owns 4,143 shares of the company’s stock valued at $280,000 after purchasing an additional 534 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Xcel Energy by 4.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 134,107 shares of the company’s stock valued at $9,055,000 after acquiring an additional 6,114 shares during the last quarter. Dakota Wealth Management grew its position in Xcel Energy by 0.7% in the fourth quarter. Dakota Wealth Management now owns 23,130 shares of the company’s stock worth $1,562,000 after acquiring an additional 151 shares during the period. Genesis Private Wealth LLC acquired a new stake in Xcel Energy during the fourth quarter worth $232,000. Finally, Simon Quick Advisors LLC increased its position in shares of Xcel Energy by 15.8% during the 4th quarter. Simon Quick Advisors LLC now owns 6,101 shares of the company’s stock worth $412,000 after purchasing an additional 832 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on XEL. Wells Fargo & Company raised Xcel Energy from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $70.00 to $72.00 in a research report on Monday, January 13th. KeyCorp increased their target price on shares of Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Barclays cut their target price on Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a research report on Wednesday. Jefferies Financial Group raised Xcel Energy from a “hold” rating to a “buy” rating and upped their price target for the company from $71.00 to $76.00 in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. raised shares of Xcel Energy from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $69.00 to $80.00 in a report on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Xcel Energy has a consensus rating of “Moderate Buy” and a consensus price target of $69.50.

Xcel Energy Stock Down 1.0 %

Shares of NASDAQ:XEL opened at $66.98 on Thursday. Xcel Energy Inc. has a 1-year low of $46.79 and a 1-year high of $73.38. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. The stock has a market cap of $38.46 billion, a P/E ratio of 19.88, a P/E/G ratio of 2.57 and a beta of 0.42. The firm has a fifty day moving average price of $68.32 and a 200 day moving average price of $63.88.

Xcel Energy (NASDAQ:XEL) last announced its earnings results on Thursday, October 31st. The company reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.01). The business had revenue of $3.64 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the company posted $1.23 EPS. Sell-side analysts predict that Xcel Energy Inc. will post 3.54 EPS for the current year.

Xcel Energy Cuts Dividend

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

About Xcel Energy

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.