Concurrent Investment Advisors LLC Acquires 959 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Concurrent Investment Advisors LLC grew its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 9.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,879 shares of the company’s stock after buying an additional 959 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Xcel Energy were worth $735,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in XEL. Ashton Thomas Securities LLC bought a new position in Xcel Energy in the 3rd quarter valued at $25,000. Sierra Ocean LLC bought a new position in shares of Xcel Energy in the fourth quarter worth about $26,000. Transcendent Capital Group LLC bought a new position in shares of Xcel Energy in the third quarter worth about $33,000. Crews Bank & Trust bought a new position in Xcel Energy in the 4th quarter worth about $34,000. Finally, MCF Advisors LLC grew its stake in Xcel Energy by 566.3% in the 4th 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. Institutional investors own 78.38% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Morgan Stanley cut their price target on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. KeyCorp increased their target price on shares of Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. upgraded shares of Xcel Energy from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $69.00 to $80.00 in a report on Thursday, December 12th. Wells Fargo & Company increased their price objective on shares of Xcel Energy from $72.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Finally, Jefferies Financial Group upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and increased their price objective for the company from $71.00 to $76.00 in a research note on Friday, November 1st. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Xcel Energy presently has an average rating of “Moderate Buy” and an average target price of $69.91.

Xcel Energy Stock Performance

NASDAQ:XEL opened at $69.94 on Monday. 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 company has a fifty day moving average of $67.09 and a two-hundred day moving average of $65.73. The stock has a market capitalization of $40.16 billion, a PE ratio of 20.33, a P/E/G ratio of 2.62 and a beta of 0.43. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $73.38.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. As a group, research analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Monday, January 6th were paid a $0.5475 dividend. This represents a $2.19 annualized dividend and a yield of 3.13%. The ex-dividend date was Monday, January 6th. Xcel Energy’s dividend payout ratio is currently 63.66%.

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.