Allspring Global Investments Holdings LLC lessened its holdings in Xcel Energy Inc. (NASDAQ:XEL – Free Report) by 5.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 153,453 shares of the company’s stock after selling 8,404 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Xcel Energy were worth $10,260,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new position in shares of Xcel Energy in the 3rd quarter worth approximately $25,000. Transcendent Capital Group LLC purchased a new position in Xcel Energy during the third quarter worth $33,000. Crews Bank & Trust bought a new position in Xcel Energy during the fourth quarter valued at $34,000. MCF Advisors LLC raised its stake in shares of Xcel Energy by 566.3% in the fourth quarter. MCF Advisors LLC now owns 593 shares of the company’s stock valued at $40,000 after acquiring an additional 504 shares during the period. Finally, First Financial Corp IN bought a new stake in shares of Xcel Energy in the 4th quarter worth about $46,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.
Xcel Energy Stock Performance
Shares of NASDAQ:XEL opened at $68.54 on Wednesday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. The firm’s 50 day simple moving average is $67.04 and its 200-day simple moving average is $65.43. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $73.38. The firm has a market cap of $39.36 billion, a PE ratio of 19.92, a price-to-earnings-growth ratio of 2.54 and a beta of 0.43.
Xcel Energy Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Monday, January 6th were paid a $0.5475 dividend. This represents a $2.19 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend was Monday, January 6th. Xcel Energy’s dividend payout ratio (DPR) is 63.66%.
Wall Street Analysts Forecast Growth
XEL has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price objective on shares of Xcel Energy from $72.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Barclays decreased their price target on Xcel Energy from $71.00 to $69.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd. KeyCorp upped their price objective on Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Jefferies Financial Group upgraded 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 research report on Friday, November 1st. Finally, Morgan Stanley cut their price target on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Xcel Energy presently has an average rating of “Moderate Buy” and an average target price of $69.91.
Check Out Our Latest Stock Report on XEL
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.
Featured Stories
- Five stocks we like better than Xcel Energy
- Canadian Penny Stocks: Can They Make You Rich?
- Hims & Hers Earnings Could Be a Game Changer—What to Do Now
- High Flyers: 3 Natural Gas Stocks for March 2022
- DeepSeek IPO Remains Far Off—Investors Eye 4 Chinese AI Stocks
- Airline Stocks – Top Airline Stocks to Buy Now
- Mortgage Market Bottom? Why Rocket Companies Could Be a Buy
Want to see what other hedge funds are holding XEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xcel Energy Inc. (NASDAQ:XEL – Free Report).
Receive News & Ratings for Xcel Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xcel Energy and related companies with MarketBeat.com's FREE daily email newsletter.