Lake Street Advisors Group LLC Grows Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Lake Street Advisors Group LLC increased its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 13.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,200 shares of the company’s stock after purchasing an additional 492 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Xcel Energy were worth $284,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in XEL. State Street Corp boosted its stake in Xcel Energy by 6.7% in the third quarter. State Street Corp now owns 37,143,025 shares of the company’s stock valued at $2,445,477,000 after acquiring an additional 2,323,448 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Xcel Energy by 6.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 15,190,756 shares of the company’s stock valued at $991,956,000 after acquiring an additional 892,740 shares during the last quarter. Geode Capital Management LLC boosted its stake in Xcel Energy by 1.8% in the third quarter. Geode Capital Management LLC now owns 14,562,103 shares of the company’s stock valued at $952,091,000 after acquiring an additional 262,191 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Xcel Energy by 0.3% in the fourth quarter. Bank of New York Mellon Corp now owns 3,777,002 shares of the company’s stock valued at $255,023,000 after acquiring an additional 11,529 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Xcel Energy by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,417,615 shares of the company’s stock valued at $223,170,000 after acquiring an additional 67,820 shares during the last quarter. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Xcel Energy Stock Performance

Xcel Energy stock opened at $72.10 on Friday. The firm’s 50 day simple moving average is $67.45 and its 200 day simple moving average is $66.07. 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 has a market capitalization of $41.40 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 2.62 and a beta of 0.43. Xcel Energy Inc. has a 1-year low of $46.79 and a 1-year high of $73.38.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Thursday, February 6th. The company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates 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, analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, April 20th. Stockholders of record on Friday, March 14th will be given a dividend of $0.57 per share. The ex-dividend date is Friday, March 14th. This represents a $2.28 annualized dividend and a dividend yield of 3.16%. This is a boost from Xcel Energy’s previous quarterly dividend of $0.55. Xcel Energy’s dividend payout ratio (DPR) is 63.66%.

Analysts Set New Price Targets

XEL has been the topic of a number of research analyst reports. KeyCorp boosted their target price on shares of Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Wells Fargo & Company boosted their target price 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. Morgan Stanley lowered 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. Barclays lowered their price target on shares of Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. raised shares of Xcel Energy from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $69.00 to $80.00 in a research report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Xcel Energy has an average rating of “Moderate Buy” and a consensus price target of $69.91.

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.