Signaturefd LLC Acquires 3,457 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Signaturefd LLC increased its position in Xcel Energy Inc. (NASDAQ:XEL) by 31.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,615 shares of the company’s stock after buying an additional 3,457 shares during the period. Signaturefd LLC’s holdings in Xcel Energy were worth $905,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC purchased a new position in Xcel Energy in the fourth quarter valued at about $25,000. Capital Analysts LLC raised its position in Xcel Energy by 293.6% in the 4th quarter. Capital Analysts LLC now owns 433 shares of the company’s stock valued at $26,000 after purchasing an additional 323 shares during the last quarter. Royal London Asset Management Ltd. bought a new stake in shares of Xcel Energy during the third quarter worth $27,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Xcel Energy during the third quarter valued at approximately $31,000. Finally, Operose Advisors LLC acquired a new position in Xcel Energy during the third quarter worth $33,000. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Stock Performance

Shares of XEL opened at $54.96 on Tuesday. Xcel Energy Inc. has a 52-week low of $46.79 and a 52-week high of $71.32. The business’s 50 day moving average is $54.08 and its two-hundred day moving average is $58.15. The firm has a market cap of $30.53 billion, a price-to-earnings ratio of 17.12, a PEG ratio of 2.55 and a beta of 0.36. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.41.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Thursday, January 25th. The company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The business had revenue of $3.44 billion for the quarter, compared to analyst estimates of $4.01 billion. Xcel Energy had a return on equity of 10.78% and a net margin of 12.47%. The firm’s revenue was down 15.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.69 earnings per share. Analysts forecast that Xcel Energy Inc. will post 3.56 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, April 20th. Shareholders of record on Friday, March 15th were given a $0.548 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $2.19 annualized dividend and a yield of 3.99%. This is an increase from Xcel Energy’s previous quarterly dividend of $0.52. Xcel Energy’s payout ratio is presently 68.22%.

Analysts Set New Price Targets

Several analysts recently issued reports on XEL shares. KeyCorp cut their target price on Xcel Energy from $68.00 to $65.00 and set an “overweight” rating on the stock in a research note on Friday. Wells Fargo & Company lifted their price target on shares of Xcel Energy from $63.00 to $64.00 and gave the company an “equal weight” rating in a research report on Friday, January 26th. Wolfe Research upgraded Xcel Energy from a “peer perform” rating to an “outperform” rating and set a $58.00 target price for the company in a report on Monday, March 11th. JPMorgan Chase & Co. reduced their price objective on Xcel Energy from $68.00 to $59.00 and set a “neutral” rating for the company in a research note on Wednesday, March 13th. Finally, TheStreet downgraded Xcel Energy from a “b-” rating to a “c+” rating in a report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $62.83.

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.