Xcel Energy Inc. (NASDAQ:XEL) Shares Sold by RDA Financial Network

RDA Financial Network lowered its position in Xcel Energy Inc. (NASDAQ:XEL) by 7.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,551 shares of the company’s stock after selling 449 shares during the period. RDA Financial Network’s holdings in Xcel Energy were worth $375,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. State Street Corp raised its position in Xcel Energy by 6.7% during the third quarter. State Street Corp now owns 37,143,025 shares of the company’s stock worth $2,445,477,000 after acquiring an additional 2,323,448 shares during the last quarter. Brookfield Corp ON increased its position in Xcel Energy by 520.1% during the 3rd quarter. Brookfield Corp ON now owns 2,509,031 shares of the company’s stock worth $163,840,000 after purchasing an additional 2,104,405 shares in the last quarter. Merewether Investment Management LP purchased a new stake in shares of Xcel Energy during the third quarter worth about $64,301,000. Massachusetts Financial Services Co. MA grew its stake in Xcel Energy by 6.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 15,190,756 shares of the company’s stock worth $991,956,000 after acquiring an additional 892,740 shares during the period. Finally, Janus Henderson Group PLC increased its stake in Xcel Energy by 1,265.6% in the third quarter. Janus Henderson Group PLC now owns 839,146 shares of the company’s stock valued at $54,797,000 after purchasing an additional 777,696 shares during the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Stock Up 0.8 %

NASDAQ XEL opened at $66.72 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $73.38. The business has a 50 day moving average price of $68.42 and a two-hundred day moving average price of $63.41. The stock has a market cap of $38.31 billion, a PE ratio of 19.80, a P/E/G ratio of 2.40 and a beta of 0.42.

Xcel Energy (NASDAQ:XEL) last announced its earnings results on Thursday, October 31st. The company reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.01). Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The firm had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.93 billion. During the same quarter last year, the company posted $1.23 earnings per share. Xcel Energy’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, sell-side analysts predict that Xcel Energy Inc. will post 3.54 EPS for the current fiscal year.

Xcel Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Monday, January 6th will be given a dividend of $0.5475 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend is Monday, January 6th. Xcel Energy’s payout ratio is 64.99%.

Analyst Ratings Changes

Several research analysts have recently weighed in on XEL shares. Wells Fargo & Company upgraded shares of Xcel Energy from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $70.00 to $72.00 in a report on Monday, January 13th. Barclays increased their price target on shares of Xcel Energy from $67.00 to $71.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th. KeyCorp boosted 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. UBS Group increased their target price on Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Finally, JPMorgan Chase & Co. raised 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. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $69.67.

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.