Xcel Energy Inc. (NASDAQ:XEL) Shares Acquired by Tectonic Advisors LLC

Tectonic Advisors LLC lifted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 110.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,247 shares of the company’s stock after buying an additional 7,472 shares during the period. Tectonic Advisors LLC’s holdings in Xcel Energy were worth $962,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of XEL. State Street Corp boosted its holdings in shares of Xcel Energy by 6.7% during 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 period. Brookfield Corp ON lifted its position in Xcel Energy by 520.1% in the 3rd quarter. Brookfield Corp ON now owns 2,509,031 shares of the company’s stock valued at $163,840,000 after purchasing an additional 2,104,405 shares during the last quarter. Merewether Investment Management LP acquired a new position in Xcel Energy during the 3rd quarter valued at about $64,301,000. Massachusetts Financial Services Co. MA grew its position 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 purchasing an additional 892,740 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in Xcel Energy by 1,265.6% in the 3rd quarter. Janus Henderson Group PLC now owns 839,146 shares of the company’s stock worth $54,797,000 after purchasing an additional 777,696 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on XEL. JPMorgan Chase & Co. raised Xcel Energy from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $69.00 to $80.00 in a report on Thursday, December 12th. Wells Fargo & Company upgraded Xcel Energy from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $70.00 to $72.00 in a research report on Monday, January 13th. Barclays lowered their price target on Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a report on Wednesday, January 22nd. KeyCorp upped their price objective 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. Finally, Morgan Stanley decreased their target price 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. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.64.

Xcel Energy Stock Up 0.9 %

XEL stock opened at $67.95 on Thursday. The firm has a market cap of $39.02 billion, a PE ratio of 20.16, a P/E/G ratio of 2.54 and a beta of 0.43. Xcel Energy Inc. has a 12 month low of $46.79 and a 12 month high of $73.38. The firm has a 50 day simple moving average of $67.68 and a 200 day simple moving average of $64.77. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82.

Xcel Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Monday, January 6th were issued a dividend of $0.5475 per share. This represents a $2.19 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend was Monday, January 6th. Xcel Energy’s dividend payout ratio is 64.99%.

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.