Calton & Associates Inc. Invests $687,000 in Xcel Energy Inc. $XEL

Calton & Associates Inc. bought a new position in Xcel Energy Inc. (NASDAQ:XEL) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 9,304 shares of the company’s stock, valued at approximately $687,000.

Other large investors have also recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC purchased a new position in shares of Xcel Energy in the third quarter worth about $27,000. Abound Wealth Management boosted its position in shares of Xcel Energy by 394.5% in the fourth quarter. Abound Wealth Management now owns 361 shares of the company’s stock valued at $27,000 after acquiring an additional 288 shares during the period. Beacon Financial Strategies CORP bought a new position in shares of Xcel Energy in the fourth quarter valued at approximately $33,000. Collier Financial bought a new position in shares of Xcel Energy in the third quarter valued at approximately $38,000. Finally, Pittenger & Anderson Inc. boosted its position in shares of Xcel Energy by 73.8% in the fourth quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock valued at $35,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on XEL. KeyCorp raised their price objective on shares of Xcel Energy from $89.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Truist Financial cut their price objective on shares of Xcel Energy from $95.00 to $92.00 and set a “buy” rating for the company in a research report on Monday, May 18th. UBS Group raised their price objective on shares of Xcel Energy from $89.00 to $91.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Weiss Ratings upgraded shares of Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 20th. Finally, Wall Street Zen lowered shares of Xcel Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Xcel Energy presently has an average rating of “Buy” and a consensus target price of $90.63.

Xcel Energy Trading Down 0.6%

Shares of Xcel Energy stock opened at $77.39 on Thursday. Xcel Energy Inc. has a 1 year low of $65.21 and a 1 year high of $84.23. The firm has a market cap of $48.31 billion, a PE ratio of 22.30, a PEG ratio of 2.02 and a beta of 0.39. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.77 and a quick ratio of 0.68. The company has a 50 day simple moving average of $79.79 and a two-hundred day simple moving average of $78.53.

Xcel Energy (NASDAQ:XEL) last announced its earnings results on Wednesday, April 29th. The company reported $0.91 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.91. Xcel Energy had a net margin of 14.14% and a return on equity of 10.37%. The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same period in the previous year, the business posted $0.84 earnings per share. Xcel Energy’s revenue for the quarter was up 2.9% on a year-over-year basis. Analysts expect that Xcel Energy Inc. will post 4.11 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, June 15th will be given a dividend of $0.5925 per share. The ex-dividend date is Monday, June 15th. This represents a $2.37 annualized dividend and a yield of 3.1%. Xcel Energy’s payout ratio is presently 68.30%.

Xcel Energy Company Profile

Xcel Energy (NASDAQ: XEL) is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company’s core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.

Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.