Scissortail Wealth Management LLC Has $883,000 Position in Xcel Energy Inc. (NASDAQ:XEL)

Scissortail Wealth Management LLC raised its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 284.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,807 shares of the company’s stock after purchasing an additional 10,958 shares during the quarter. Scissortail Wealth Management LLC’s holdings in Xcel Energy were worth $883,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Tyche Wealth Partners LLC acquired a new position in shares of Xcel Energy in the 4th quarter valued at approximately $528,000. Wealth Alliance grew its position in shares of Xcel Energy by 88.9% in the 4th quarter. Wealth Alliance now owns 13,305 shares of the company’s stock valued at $824,000 after purchasing an additional 6,262 shares during the period. SVB Wealth LLC grew its position in shares of Xcel Energy by 52.8% in the 4th quarter. SVB Wealth LLC now owns 7,994 shares of the company’s stock valued at $495,000 after purchasing an additional 2,761 shares during the period. Donaldson Capital Management LLC acquired a new position in shares of Xcel Energy in the 4th quarter valued at approximately $204,000. Finally, Capital Analysts LLC grew its position in shares of Xcel Energy by 293.6% in the 4th quarter. Capital Analysts LLC now owns 433 shares of the company’s stock valued at $26,000 after purchasing an additional 323 shares during the period. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Stock Down 1.2 %

Shares of Xcel Energy stock traded down $0.64 on Tuesday, reaching $52.53. 3,849,719 shares of the company were exchanged, compared to its average volume of 5,496,139. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $71.32. The company has a market capitalization of $29.18 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 2.48 and a beta of 0.36. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.41. The company has a 50-day moving average of $54.42 and a 200 day moving average of $58.20.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Thursday, January 25th. The company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). Xcel Energy had a return on equity of 10.78% and a net margin of 12.47%. The company had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the prior year, the company earned $0.69 EPS. The company’s revenue for the quarter was down 15.1% on a year-over-year basis. On average, equities research analysts forecast that Xcel Energy Inc. will post 3.56 earnings per share for the current year.

Xcel Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, April 20th. Investors of record on Friday, March 15th will be issued a dividend of $0.548 per share. The ex-dividend date of this dividend is Thursday, March 14th. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.52. This represents a $2.19 dividend on an annualized basis and a dividend yield of 4.17%. Xcel Energy’s payout ratio is presently 68.22%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on XEL shares. KeyCorp boosted their price objective on Xcel Energy from $62.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, January 4th. Royal Bank of Canada boosted their target price on Xcel Energy from $67.00 to $68.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 30th. Wolfe Research upgraded Xcel Energy from a “peer perform” rating to an “outperform” rating and set a $58.00 target price on the stock in a research note on Monday, March 11th. Wells Fargo & Company boosted their target price on Xcel Energy from $63.00 to $64.00 and gave the company an “equal weight” rating in a research note on Friday, January 26th. Finally, BMO Capital Markets boosted their target price on Xcel Energy from $59.00 to $62.00 and gave the company a “market perform” rating in a research note on Monday, December 18th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $63.08.

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.