Xcel Energy Inc. (NASDAQ:XEL) Holdings Reduced by Clarius Group LLC

Clarius Group LLC lessened its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 6.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,740 shares of the company’s stock after selling 248 shares during the period. Clarius Group LLC’s holdings in Xcel Energy were worth $253,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in XEL. Aaron Wealth Advisors LLC lifted its holdings in Xcel Energy by 6.2% in the fourth quarter. Aaron Wealth Advisors LLC now owns 6,258 shares of the company’s stock worth $423,000 after purchasing an additional 368 shares during the period. HB Wealth Management LLC lifted its stake in shares of Xcel Energy by 52.9% in the 4th quarter. HB Wealth Management LLC now owns 15,073 shares of the company’s stock worth $1,018,000 after acquiring an additional 5,213 shares during the period. Trust Co. of Vermont boosted its holdings in shares of Xcel Energy by 36.5% in the fourth quarter. Trust Co. of Vermont now owns 1,476 shares of the company’s stock valued at $100,000 after acquiring an additional 395 shares in the last quarter. Premier Path Wealth Partners LLC acquired a new position in shares of Xcel Energy during the fourth quarter valued at approximately $256,000. Finally, Sanibel Captiva Trust Company Inc. raised its holdings in Xcel Energy by 19.7% during the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 19,538 shares of the company’s stock worth $1,319,000 after purchasing an additional 3,219 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on XEL shares. Wells Fargo & Company raised Xcel Energy from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $70.00 to $72.00 in a research note on Monday, January 13th. JPMorgan Chase & Co. raised Xcel Energy from a “neutral” rating to an “overweight” rating and raised their target price for the company from $69.00 to $80.00 in a research note on Thursday, December 12th. 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. KeyCorp raised their price objective 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. Finally, Barclays boosted their target price on shares of Xcel Energy from $67.00 to $71.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $69.67.

Xcel Energy Trading Up 0.8 %

Xcel Energy stock opened at $66.72 on Monday. Xcel Energy Inc. has a 52 week low of $46.79 and a 52 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 firm has a market capitalization of $38.31 billion, a price-to-earnings ratio of 19.80, a P/E/G ratio of 2.40 and a beta of 0.42. The company has a 50 day moving average price of $68.41 and a 200 day moving average price of $63.58.

Xcel Energy (NASDAQ:XEL) last issued its earnings results on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.01). The business had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.93 billion. Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the business earned $1.23 EPS. Research analysts forecast that Xcel Energy Inc. will post 3.54 EPS for the current year.

Xcel Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Monday, January 6th will be issued a dividend of $0.5475 per share. This represents a $2.19 annualized dividend and a dividend yield of 3.28%. The ex-dividend date is Monday, January 6th. Xcel Energy’s dividend payout ratio is currently 64.99%.

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.