MassMutual Private Wealth & Trust FSB Acquires 270 Shares of Xcel Energy Inc. (NASDAQ:XEL)

MassMutual Private Wealth & Trust FSB increased its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 17.5% in the fourth quarter, HoldingsChannel reports. The firm owned 1,815 shares of the company’s stock after purchasing an additional 270 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Xcel Energy were worth $123,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. State Street Corp grew its holdings in 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 purchasing an additional 2,323,448 shares during the last quarter. 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 valued at $991,956,000 after buying an additional 892,740 shares during the last quarter. Geode Capital Management LLC raised its holdings in Xcel Energy by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 14,562,103 shares of the company’s stock worth $952,091,000 after acquiring an additional 262,191 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Xcel Energy by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,417,615 shares of the company’s stock worth $223,170,000 after acquiring an additional 67,820 shares during the last quarter. Finally, Brookfield Corp ON boosted its holdings in Xcel Energy by 520.1% during the third quarter. Brookfield Corp ON now owns 2,509,031 shares of the company’s stock valued at $163,840,000 after acquiring an additional 2,104,405 shares during the period. 78.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Jefferies Financial Group upgraded Xcel Energy from a “hold” rating to a “buy” rating and upped their price target for the stock from $71.00 to $76.00 in a report on Friday, November 1st. Wells Fargo & Company raised shares of Xcel Energy from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $70.00 to $72.00 in a report on Monday, January 13th. Barclays dropped their price objective on shares of Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a report on Wednesday. Morgan Stanley decreased their target price on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Finally, JPMorgan Chase & Co. upgraded Xcel Energy from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $69.00 to $80.00 in a research report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $69.50.

Xcel Energy Stock Performance

XEL stock opened at $66.06 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 twelve month low of $46.79 and a twelve month high of $73.38. The business’s fifty day moving average is $68.32 and its 200-day moving average is $63.88. The company has a market cap of $37.93 billion, a P/E ratio of 19.60, a price-to-earnings-growth ratio of 2.57 and a beta of 0.42.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $3.93 billion. During the same quarter in the prior year, the firm posted $1.23 EPS. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. Equities research analysts forecast that Xcel Energy Inc. will post 3.54 EPS for the current year.

Xcel Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Monday, January 6th will be given a $0.5475 dividend. The ex-dividend date of this dividend is Monday, January 6th. This represents a $2.19 annualized dividend and a dividend yield of 3.32%. Xcel Energy’s dividend payout ratio is presently 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.