Xcel Energy Inc. (NASDAQ:XEL) Shares Bought by Perigon Wealth Management LLC

Perigon Wealth Management LLC grew its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,937 shares of the company’s stock after purchasing an additional 231 shares during the period. Perigon Wealth Management LLC’s holdings in Xcel Energy were worth $393,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Algert Global LLC bought a new position in Xcel Energy during the second quarter valued at about $387,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Xcel Energy by 3.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 26,522 shares of the company’s stock valued at $1,417,000 after purchasing an additional 842 shares in the last quarter. Truist Financial Corp grew its stake in shares of Xcel Energy by 63.2% in the 2nd quarter. Truist Financial Corp now owns 230,761 shares of the company’s stock worth $12,325,000 after purchasing an additional 89,396 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Xcel Energy by 33.8% in the 2nd quarter. Cetera Investment Advisers now owns 143,573 shares of the company’s stock worth $7,668,000 after purchasing an additional 36,229 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Xcel Energy during the second quarter valued at approximately $3,472,000. 78.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

XEL has been the topic of several recent research reports. Morgan Stanley decreased 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. Jefferies Financial Group raised Xcel Energy from a “hold” rating to a “buy” rating and boosted their target price for the stock from $71.00 to $76.00 in a research report on Friday, November 1st. Wells Fargo & Company upgraded 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 report on Monday, January 13th. Barclays reduced their price objective on shares of Xcel Energy from $71.00 to $69.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd. Finally, KeyCorp lifted their target price 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. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.64.

Xcel Energy Trading Up 0.5 %

NASDAQ XEL opened at $67.20 on Friday. The company has a market capitalization of $38.59 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 2.50 and a beta of 0.42. Xcel Energy Inc. has a 1-year low of $46.79 and a 1-year high of $73.38. 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 firm’s fifty day simple moving average is $67.85 and its 200-day simple moving average is $64.47.

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

Xcel Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Monday, January 6th were paid a dividend of $0.5475 per share. The ex-dividend date was Monday, January 6th. This represents a $2.19 annualized dividend and a dividend yield of 3.26%. Xcel Energy’s dividend payout ratio (DPR) is 64.99%.

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.