Mitchell & Pahl Private Wealth LLC Has $1.46 Million Stake in Xcel Energy Inc. (NASDAQ:XEL)

Mitchell & Pahl Private Wealth LLC lifted its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 10.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 22,319 shares of the company’s stock after acquiring an additional 2,081 shares during the period. Mitchell & Pahl Private Wealth LLC’s holdings in Xcel Energy were worth $1,457,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. TruNorth Capital Management LLC acquired a new position in Xcel Energy in the 2nd quarter worth about $30,000. American National Bank acquired a new position in shares of Xcel Energy in the second quarter valued at approximately $32,000. Kimelman & Baird LLC bought a new position in Xcel Energy in the 2nd quarter valued at approximately $35,000. Rothschild Investment LLC acquired a new stake in Xcel Energy during the 2nd quarter worth approximately $37,000. Finally, Voisard Asset Management Group Inc. bought a new stake in Xcel Energy during the 2nd quarter worth approximately $43,000. 78.38% of the stock is owned by institutional investors.

Xcel Energy Stock Down 1.2 %

NASDAQ XEL traded down $0.80 on Thursday, hitting $63.21. 711,002 shares of the company were exchanged, compared to its average volume of 4,136,916. Xcel Energy Inc. has a 12 month low of $46.79 and a 12 month high of $65.64. The company has a current ratio of 0.97, a quick ratio of 0.86 and a debt-to-equity ratio of 1.54. The company has a market cap of $35.12 billion, a PE ratio of 19.22, a PEG ratio of 2.75 and a beta of 0.39. The stock has a fifty day moving average of $62.39 and a 200-day moving average of $57.39.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.03). Xcel Energy had a return on equity of 10.94% and a net margin of 13.46%. The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same period last year, the company earned $0.52 EPS. Xcel Energy’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, analysts forecast that Xcel Energy Inc. will post 3.55 earnings per share for the current year.

Xcel Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 20th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.548 per share. This is an increase from Xcel Energy’s previous quarterly dividend of $0.55. The ex-dividend date is Friday, September 13th. This represents a $2.19 annualized dividend and a dividend yield of 3.47%. Xcel Energy’s payout ratio is currently 65.77%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Morgan Stanley lifted their price target on shares of Xcel Energy from $68.00 to $73.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Wells Fargo & Company lifted their target price on Xcel Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a report on Wednesday. Argus raised Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research note on Monday, August 26th. Jefferies Financial Group assumed coverage on Xcel Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $70.00 price objective on the stock. Finally, UBS Group increased their target price on shares of Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Xcel Energy presently has an average rating of “Hold” and a consensus target price of $64.57.

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.