Wealth High Governance Capital Ltda Buys New Shares in Xcel Energy Inc. (NASDAQ:XEL)

Wealth High Governance Capital Ltda purchased a new stake in Xcel Energy Inc. (NASDAQ:XEL) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 37,252 shares of the company’s stock, valued at approximately $2,515,000.

Other hedge funds have also modified their holdings of the company. Ashton Thomas Securities LLC purchased a new position in shares of Xcel Energy during the 3rd quarter worth approximately $25,000. Sierra Ocean LLC acquired a new stake in Xcel Energy during the 4th quarter worth $26,000. Fairway Wealth LLC acquired a new position in Xcel Energy in the fourth quarter valued at $27,000. Crews Bank & Trust acquired a new position in Xcel Energy in the fourth quarter valued at $34,000. Finally, MCF Advisors LLC increased its stake in shares of 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 during the period. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Price Performance

Xcel Energy stock opened at $68.73 on Wednesday. The firm has a market capitalization of $39.49 billion, a P/E ratio of 19.98, a PEG ratio of 2.62 and a beta of 0.37. Xcel Energy Inc. has a 1 year low of $50.76 and a 1 year high of $73.38. The business has a 50-day moving average of $67.63 and a 200-day moving average of $66.63. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42.

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

Xcel Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 20th. Shareholders of record on Friday, March 14th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 3.32%. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.55. The ex-dividend date is Friday, March 14th. Xcel Energy’s dividend payout ratio is currently 66.28%.

Analyst Ratings Changes

A number of analysts recently commented on XEL shares. 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. Morgan Stanley dropped their price target on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Wells Fargo & Company increased their price objective on shares of Xcel Energy from $72.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. upgraded shares of Xcel Energy from a “neutral” rating to an “overweight” rating and upped their target price for the company from $69.00 to $80.00 in a research note on Thursday, December 12th. Finally, KeyCorp increased their price objective 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. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Xcel Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.10.

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.