Christopher J. Hasenberg Inc Decreases Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

Christopher J. Hasenberg Inc cut its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 14.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,409 shares of the company’s stock after selling 728 shares during the quarter. Xcel Energy accounts for about 0.1% of Christopher J. Hasenberg Inc’s investment portfolio, making the stock its 26th largest holding. Christopher J. Hasenberg Inc’s holdings in Xcel Energy were worth $298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Integris Wealth Management LLC grew its stake in shares of Xcel Energy by 2.7% in the third quarter. Integris Wealth Management LLC now owns 6,163 shares of the company’s stock worth $402,000 after purchasing an additional 163 shares during the last quarter. Bond & Devick Financial Network Inc. grew its position in shares of Xcel Energy by 1.1% in the 3rd quarter. Bond & Devick Financial Network Inc. now owns 15,972 shares of the company’s stock worth $1,043,000 after buying an additional 168 shares during the last quarter. LRI Investments LLC increased its stake in shares of Xcel Energy by 5.9% during the third quarter. LRI Investments LLC now owns 3,037 shares of the company’s stock valued at $209,000 after buying an additional 170 shares during the period. Gateway Wealth Partners LLC raised its holdings in shares of Xcel Energy by 4.3% during the second quarter. Gateway Wealth Partners LLC now owns 4,413 shares of the company’s stock valued at $236,000 after acquiring an additional 182 shares in the last quarter. Finally, Sumitomo Life Insurance Co. lifted its stake in Xcel Energy by 2.9% in the third quarter. Sumitomo Life Insurance Co. now owns 6,591 shares of the company’s stock worth $430,000 after acquiring an additional 183 shares during the period. 78.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

XEL has been the subject of several research reports. UBS Group upped their price objective 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. Wells Fargo & Company upgraded shares of Xcel Energy from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $70.00 to $72.00 in a report on Monday. Morgan Stanley reduced their target price on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. KeyCorp raised their target price on Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Finally, Barclays upped their price target on Xcel Energy from $67.00 to $71.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $69.67.

Xcel Energy Stock Performance

Shares of XEL stock opened at $64.08 on Wednesday. The company has a market capitalization of $36.80 billion, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of 2.79 and a beta of 0.42. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $73.38. The company’s 50-day moving average is $68.45 and its 200 day moving average is $63.38.

Xcel Energy (NASDAQ:XEL) last announced its quarterly 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 firm had revenue of $3.64 billion for the quarter, compared to the consensus estimate 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 was down .5% on a year-over-year basis. During the same period last year, the business earned $1.23 EPS. Sell-side analysts expect that Xcel Energy Inc. will post 3.54 EPS 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 $0.5475 dividend. This represents a $2.19 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Monday, January 6th. Xcel Energy’s dividend payout ratio (DPR) is 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.