Xcel Energy Inc. (NASDAQ:XEL) Shares Acquired by Marcum Wealth LLC

Marcum Wealth LLC lifted its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 7.0% in the fourth quarter, HoldingsChannel reports. The firm owned 3,622 shares of the company’s stock after buying an additional 236 shares during the quarter. Marcum Wealth LLC’s holdings in Xcel Energy were worth $245,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. First Financial Corp IN purchased a new stake in Xcel Energy during the 4th quarter worth about $46,000. Eastern Bank increased its stake in shares of Xcel Energy by 36.2% during the fourth quarter. Eastern Bank now owns 6,268 shares of the company’s stock worth $423,000 after buying an additional 1,666 shares during the period. Wedmont Private Capital raised its holdings in Xcel Energy by 35.7% in the fourth quarter. Wedmont Private Capital now owns 7,417 shares of the company’s stock valued at $470,000 after acquiring an additional 1,953 shares in the last quarter. Brookstone Capital Management lifted its stake in Xcel Energy by 6.0% in the fourth quarter. Brookstone Capital Management now owns 6,066 shares of the company’s stock worth $410,000 after acquiring an additional 343 shares during the last quarter. Finally, City State Bank grew its holdings in Xcel Energy by 43.0% during the 4th quarter. City State Bank now owns 2,526 shares of the company’s stock worth $171,000 after acquiring an additional 760 shares in the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Price Performance

Shares of NASDAQ:XEL opened at $64.94 on Thursday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $73.38. The company has a 50-day simple moving average of $68.45 and a 200-day simple moving average of $63.38. The stock has a market capitalization of $37.29 billion, a price-to-earnings ratio of 19.27, a PEG ratio of 2.79 and a beta of 0.42.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data 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). The company had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.93 billion. Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The firm’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.23 earnings per share. On average, analysts predict that Xcel Energy Inc. will post 3.54 EPS for the current year.

Xcel Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Monday, January 6th will be given 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 yield of 3.37%. Xcel Energy’s payout ratio is currently 64.99%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on XEL. Barclays lifted their price objective on shares of Xcel Energy from $67.00 to $71.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. KeyCorp upped their price objective on Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Jefferies Financial Group raised Xcel Energy from a “hold” rating to a “buy” rating and raised their target price for the stock from $71.00 to $76.00 in a research report on Friday, November 1st. JPMorgan Chase & Co. raised Xcel Energy from a “neutral” rating to an “overweight” rating and upped their price target for the company from $69.00 to $80.00 in a report on Thursday, December 12th. Finally, Morgan Stanley cut their price objective on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Xcel Energy currently has a consensus rating of “Moderate Buy” and an average price target of $69.67.

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.