Moody National Bank Trust Division Has $351,000 Position in Xcel Energy Inc. (NASDAQ:XEL)

Moody National Bank Trust Division lowered its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 5.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 5,204 shares of the company’s stock after selling 300 shares during the period. Moody National Bank Trust Division’s holdings in Xcel Energy were worth $351,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in XEL. DekaBank Deutsche Girozentrale lifted its position in shares of Xcel Energy by 0.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 93,119 shares of the company’s stock worth $4,994,000 after buying an additional 548 shares during the period. Wealthspire Advisors LLC bought a new stake in Xcel Energy in the second quarter valued at $205,000. Oppenheimer Asset Management Inc. raised its stake in Xcel Energy by 8.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 19,453 shares of the company’s stock worth $1,039,000 after acquiring an additional 1,497 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Xcel Energy by 57.9% during the second quarter. Envestnet Asset Management Inc. now owns 1,270,615 shares of the company’s stock valued at $67,864,000 after acquiring an additional 465,884 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Xcel Energy by 10.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,854,333 shares of the company’s stock valued at $99,046,000 after acquiring an additional 174,653 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Stock Performance

Shares of NASDAQ:XEL opened at $64.08 on Wednesday. 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 Inc. has a 1-year low of $46.79 and a 1-year high of $73.38. The stock has a market capitalization of $36.80 billion, a P/E ratio of 19.01, a P/E/G ratio of 2.79 and a beta of 0.42. The business has a 50-day moving average price of $68.45 and a two-hundred day moving average price of $63.38.

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

Xcel Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Monday, January 6th will be paid a dividend of $0.5475 per share. The ex-dividend date is Monday, January 6th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.42%. Xcel Energy’s dividend payout ratio (DPR) is presently 64.99%.

Analyst Ratings Changes

XEL has been the subject of several analyst reports. Jefferies Financial Group raised shares of Xcel Energy from a “hold” rating to a “buy” rating and lifted their price target for the company from $71.00 to $76.00 in a report on Friday, November 1st. Wells Fargo & Company upgraded shares of Xcel Energy from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $70.00 to $72.00 in a research note on Monday. KeyCorp increased their price target on Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Barclays lifted their price objective on Xcel Energy from $67.00 to $71.00 and gave the company an “overweight” rating in a research report on Tuesday, November 26th. Finally, UBS Group raised their target price on Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $69.67.

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.