Choreo LLC Boosts Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Choreo LLC grew its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 10.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,010 shares of the company’s stock after buying an additional 459 shares during the quarter. Choreo LLC’s holdings in Xcel Energy were worth $310,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in XEL. Russell Investments Group Ltd. grew its holdings in Xcel Energy by 18.1% during the fourth quarter. Russell Investments Group Ltd. now owns 1,185,235 shares of the company’s stock worth $73,378,000 after acquiring an additional 181,312 shares during the period. Golden State Equity Partners acquired a new position in shares of Xcel Energy during the 4th quarter worth $220,000. Truist Financial Corp increased its holdings in shares of Xcel Energy by 85.0% in the 4th quarter. Truist Financial Corp now owns 144,788 shares of the company’s stock valued at $8,964,000 after purchasing an additional 66,524 shares in the last quarter. Syon Capital LLC acquired a new stake in shares of Xcel Energy in the fourth quarter valued at about $317,000. Finally, Bailard Inc. boosted its holdings in Xcel Energy by 14.2% during the fourth quarter. Bailard Inc. now owns 12,005 shares of the company’s stock worth $743,000 after buying an additional 1,495 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. KeyCorp dropped their target price on shares of Xcel Energy from $68.00 to $65.00 and set an “overweight” rating for the company in a report on Friday, April 19th. Bank of America lifted their price objective on Xcel Energy from $63.00 to $66.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Wolfe Research raised Xcel Energy from a “peer perform” rating to an “outperform” rating and set a $58.00 target price on the stock in a report on Monday, March 11th. TheStreet downgraded Xcel Energy from a “b-” rating to a “c+” rating in a research note on Thursday, March 14th. Finally, Evercore ISI boosted their price objective on shares of Xcel Energy from $54.00 to $59.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $62.83.

Xcel Energy Stock Up 0.9 %

XEL stock opened at $54.25 on Friday. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $69.85. The stock has a market capitalization of $30.14 billion, a P/E ratio of 16.29, a PEG ratio of 2.36 and a beta of 0.36. The company has a 50 day moving average price of $53.34 and a two-hundred day moving average price of $57.94. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.74 and a current ratio of 0.86.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Thursday, April 25th. The company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.08. Xcel Energy had a return on equity of 11.03% and a net margin of 13.36%. The business had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $4.12 billion. During the same quarter in the previous year, the business earned $0.76 earnings per share. The business’s revenue for the quarter was down 10.6% on a year-over-year basis. As a group, sell-side analysts expect that Xcel Energy Inc. will post 3.56 EPS for the current year.

Xcel Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, April 20th. Stockholders of record on Friday, March 15th were issued a dividend of $0.548 per share. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.52. This represents a $2.19 annualized dividend and a dividend yield of 4.04%. The ex-dividend date of this dividend was Thursday, March 14th. Xcel Energy’s dividend payout ratio is presently 65.77%.

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.