HM Payson & Co. Has $138,000 Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

HM Payson & Co. grew its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 14.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,041 shares of the company’s stock after buying an additional 256 shares during the quarter. HM Payson & Co.’s holdings in Xcel Energy were worth $138,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Dakota Wealth Management grew its holdings in shares of Xcel Energy by 0.7% during the fourth quarter. Dakota Wealth Management now owns 23,130 shares of the company’s stock valued at $1,562,000 after buying an additional 151 shares during the last quarter. Rothschild Investment LLC grew its holdings in shares of Xcel Energy by 26.0% during the fourth quarter. Rothschild Investment LLC now owns 731 shares of the company’s stock valued at $49,000 after buying an additional 151 shares during the last quarter. GenTrust LLC grew its holdings in shares of Xcel Energy by 4.5% during the fourth quarter. GenTrust LLC now owns 3,602 shares of the company’s stock valued at $243,000 after buying an additional 155 shares during the last quarter. Integris Wealth Management LLC grew its holdings in shares of Xcel Energy by 2.6% during 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 during the last quarter. Finally, Bond & Devick Financial Network Inc. grew its holdings in shares of Xcel Energy by 1.1% during 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 during the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Stock Performance

Shares of XEL stock opened at $68.00 on Monday. The firm has a market cap of $39.07 billion, a price-to-earnings ratio of 19.77, a P/E/G ratio of 2.62 and a beta of 0.37. 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 52 week low of $49.89 and a 52 week high of $73.38. The firm’s 50-day simple moving average is $67.57 and its two-hundred day simple moving average is $66.50.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. As a group, equities analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 20th. Stockholders of record on Friday, March 14th will be given a $0.57 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.28 annualized dividend and a dividend yield of 3.35%. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.55. Xcel Energy’s payout ratio is 66.28%.

Analyst Ratings Changes

XEL has been the topic of a number of recent analyst reports. Barclays dropped 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. Wells Fargo & Company raised their price target on shares of Xcel Energy from $72.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. KeyCorp raised their price target on shares of Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Morgan Stanley dropped 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 research report on Friday, November 22nd. Finally, JPMorgan Chase & Co. raised shares of Xcel Energy from a “neutral” rating to an “overweight” rating and raised their price target for the company from $69.00 to $80.00 in a research report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $69.91.

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.