Spirit of America Management Corp NY Has $753,000 Stake in Xcel Energy Inc. (NASDAQ:XEL)

Spirit of America Management Corp NY lifted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 32.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,150 shares of the company’s stock after buying an additional 2,750 shares during the quarter. Spirit of America Management Corp NY’s holdings in Xcel Energy were worth $753,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. 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 shares of Xcel Energy in the third quarter worth $33,000. Crews Bank & Trust bought a new stake in shares of Xcel Energy in the fourth quarter worth $34,000. MCF Advisors LLC raised its position in Xcel Energy by 566.3% during the fourth quarter. MCF Advisors LLC now owns 593 shares of the company’s stock worth $40,000 after acquiring an additional 504 shares in the last quarter. Finally, West Financial Advisors LLC bought a new stake in Xcel Energy during the third quarter worth $43,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analyst Upgrades and Downgrades

XEL has been the topic of several analyst reports. Jefferies Financial Group raised shares of Xcel Energy from a “hold” rating to a “buy” rating and upped their price target for the stock from $71.00 to $76.00 in a research report on Friday, November 1st. Wells Fargo & Company upgraded shares of Xcel Energy from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $70.00 to $72.00 in a report on Monday, January 13th. Morgan Stanley decreased their price objective 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. JPMorgan Chase & Co. upgraded shares of Xcel Energy from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $69.00 to $80.00 in a report on Thursday, December 12th. Finally, Barclays decreased their price objective on shares of Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a report on Wednesday, January 22nd. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $69.64.

Xcel Energy Stock Performance

NASDAQ:XEL opened at $67.32 on Wednesday. The company has a market capitalization of $38.66 billion, a PE ratio of 19.98, a P/E/G ratio of 2.54 and a beta of 0.43. The company has a 50 day simple moving average of $67.77 and a two-hundred day simple moving average of $64.69. 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 fifty-two week low of $46.79 and a fifty-two week high of $73.38.

Xcel Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Monday, January 6th were given a dividend of $0.5475 per share. This represents a $2.19 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend was Monday, January 6th. Xcel Energy’s dividend payout ratio (DPR) is 64.99%.

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.