4,122 Shares in Xcel Energy Inc. (NASDAQ:XEL) Acquired by Atomi Financial Group Inc.

Atomi Financial Group Inc. acquired a new position in shares of Xcel Energy Inc. (NASDAQ:XEL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 4,122 shares of the company’s stock, valued at approximately $278,000.

Several other institutional investors and hedge funds have also made changes to their positions in XEL. AXA S.A. boosted its stake in Xcel Energy by 7.6% during the 2nd quarter. AXA S.A. now owns 39,060 shares of the company’s stock worth $2,086,000 after purchasing an additional 2,755 shares during the period. MBB Public Markets I LLC raised its holdings in shares of Xcel Energy by 751.9% in the second quarter. MBB Public Markets I LLC now owns 49,187 shares of the company’s stock valued at $2,627,000 after buying an additional 43,413 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Xcel Energy by 5.0% during the second quarter. The Manufacturers Life Insurance Company now owns 546,873 shares of the company’s stock worth $29,208,000 after buying an additional 26,092 shares during the period. Algert Global LLC purchased a new position in shares of Xcel Energy during the second quarter worth about $387,000. Finally, Creative Planning increased its position in Xcel Energy by 116.1% in the 2nd quarter. Creative Planning now owns 282,619 shares of the company’s stock valued at $15,095,000 after acquiring an additional 151,843 shares during the period. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Price Performance

Shares of NASDAQ:XEL opened at $66.61 on Monday. The firm has a market capitalization of $38.25 billion, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 2.53 and a beta of 0.42. 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 business’s 50 day simple moving average is $68.20 and its 200-day simple moving average is $64.08. Xcel Energy Inc. has a 12 month low of $46.79 and a 12 month high of $73.38.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.01). The firm had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.93 billion. Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.23 earnings per share. As a group, equities analysts forecast that Xcel Energy Inc. will post 3.54 earnings per share for the current fiscal year.

Xcel Energy Cuts Dividend

The firm also recently announced 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. This represents a $2.19 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Monday, January 6th. Xcel Energy’s payout ratio is currently 64.99%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. 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 note on Friday, November 22nd. Barclays lowered their price objective on shares of Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 22nd. 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 note on Monday, January 13th. Jefferies Financial Group raised shares of Xcel Energy from a “hold” rating to a “buy” rating and lifted their target price 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 increased their price target for the stock from $69.00 to $80.00 in a report on Thursday, December 12th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.50.

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.