Premier Path Wealth Partners LLC Invests $256,000 in Xcel Energy Inc. (NASDAQ:XEL)

Premier Path Wealth Partners LLC acquired a new stake in Xcel Energy Inc. (NASDAQ:XEL) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 3,795 shares of the company’s stock, valued at approximately $256,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in XEL. Ashton Thomas Securities LLC bought a new stake in shares of Xcel Energy in the third quarter worth $25,000. Transcendent Capital Group LLC bought a new stake in Xcel Energy during the 3rd quarter worth about $33,000. Kimelman & Baird LLC acquired a new position in shares of Xcel Energy during the 2nd quarter worth about $35,000. West Financial Advisors LLC bought a new position in shares of Xcel Energy in the 3rd quarter valued at about $43,000. Finally, First Financial Corp IN acquired a new stake in shares of Xcel Energy in the fourth quarter valued at about $46,000. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Stock Up 0.8 %

XEL stock opened at $66.72 on Monday. The business’s fifty day moving average price is $68.41 and its two-hundred day moving average price is $63.58. The stock has a market capitalization of $38.31 billion, a price-to-earnings ratio of 19.80, a PEG ratio of 2.40 and a beta of 0.42. 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 current ratio of 0.93 and a quick ratio of 0.82.

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

Xcel Energy Cuts Dividend

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

Analysts Set New Price Targets

Several research firms have weighed in on XEL. Barclays boosted their price target on Xcel Energy from $67.00 to $71.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. KeyCorp upped their price target on shares of Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. upgraded shares of Xcel Energy from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $69.00 to $80.00 in a research note on Thursday, December 12th. Morgan Stanley dropped their target price on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Finally, Jefferies Financial Group upgraded Xcel Energy from a “hold” rating to a “buy” rating and lifted their price target for the stock from $71.00 to $76.00 in a report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $69.67.

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.