Capital Advisory Group Advisory Services LLC Has $680,000 Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

Capital Advisory Group Advisory Services LLC lifted its stake in Xcel Energy Inc. (NASDAQ:XEL) by 27.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,077 shares of the company’s stock after buying an additional 2,180 shares during the period. Capital Advisory Group Advisory Services LLC’s holdings in Xcel Energy were worth $680,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in Xcel Energy during the third quarter worth $25,000. Sierra Ocean LLC bought a new stake in shares of Xcel Energy in the 4th quarter worth about $26,000. Transcendent Capital Group LLC acquired a new stake in shares of Xcel Energy during the 3rd quarter worth about $33,000. Crews Bank & Trust bought a new position in Xcel Energy during the 4th quarter valued at about $34,000. Finally, MCF Advisors LLC grew its stake in Xcel Energy by 566.3% during the fourth quarter. MCF Advisors LLC now owns 593 shares of the company’s stock worth $40,000 after buying an additional 504 shares during the last quarter. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Performance

Xcel Energy stock opened at $69.32 on Friday. Xcel Energy Inc. has a 1 year low of $46.79 and a 1 year high of $73.38. The company’s 50-day moving average is $67.06 and its two-hundred day moving average is $65.54. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. The company has a market cap of $39.81 billion, a PE ratio of 20.15, a PEG ratio of 2.61 and a beta of 0.43.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.81 earnings per share (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%. Equities analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Monday, January 6th were issued a $0.5475 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.19 dividend on an annualized basis and a yield of 3.16%. Xcel Energy’s dividend payout ratio is presently 63.66%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on XEL. Morgan Stanley cut their target price on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. JPMorgan Chase & Co. upgraded Xcel Energy from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $69.00 to $80.00 in a research report on Thursday, December 12th. Wells Fargo & Company boosted their price objective on Xcel Energy from $72.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Jefferies Financial Group upgraded 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. Finally, Barclays reduced their price target 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. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $69.91.

Xcel Energy Company 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.