Allworth Financial LP Sells 41,296 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Allworth Financial LP trimmed its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 14.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 247,560 shares of the company’s stock after selling 41,296 shares during the quarter. Allworth Financial LP’s holdings in Xcel Energy were worth $16,582,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of XEL. Dakota Wealth Management grew its stake in shares of Xcel Energy by 0.7% during the 4th quarter. Dakota Wealth Management now owns 23,130 shares of the company’s stock worth $1,562,000 after acquiring an additional 151 shares in the last quarter. Integris Wealth Management LLC grew its stake in shares of Xcel Energy by 2.6% in the fourth quarter. Integris Wealth Management LLC now owns 6,323 shares of the company’s stock valued at $427,000 after buying an additional 160 shares in the last quarter. Bond & Devick Financial Network Inc. grew its stake in shares of Xcel Energy by 1.1% in the third quarter. Bond & Devick Financial Network Inc. now owns 15,972 shares of the company’s stock valued at $1,043,000 after buying an additional 168 shares in the last quarter. LRI Investments LLC grew its stake in shares of Xcel Energy by 5.9% in 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 in the last quarter. Finally, Brooklyn Investment Group grew its stake in shares of Xcel Energy by 10.2% in the fourth quarter. Brooklyn Investment Group now owns 1,920 shares of the company’s stock valued at $130,000 after buying an additional 178 shares in the last quarter. 78.38% of the stock is owned by institutional investors.

Xcel Energy Stock Up 0.3 %

XEL opened at $68.61 on Friday. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $73.38. 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 company has a market capitalization of $39.40 billion, a P/E ratio of 19.94, a P/E/G ratio of 2.54 and a beta of 0.43. The stock has a fifty day moving average of $67.05 and a 200-day moving average of $65.27.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. On average, equities analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Monday, January 6th were given a $0.5475 dividend. This represents a $2.19 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date was Monday, January 6th. Xcel Energy’s dividend payout ratio is presently 63.66%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wells Fargo & Company raised their target price on shares of Xcel Energy from $72.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Jefferies Financial Group raised shares of Xcel Energy from a “hold” rating to a “buy” rating and raised their target price for the company from $71.00 to $76.00 in a research note on Friday, November 1st. Barclays cut their price target on Xcel Energy from $71.00 to $69.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. Morgan Stanley cut their price target on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Finally, KeyCorp raised their price target on Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.91.

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.