Cherry Tree Wealth Management LLC Sells 364 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Cherry Tree Wealth Management LLC cut its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 10.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,187 shares of the company’s stock after selling 364 shares during the period. Cherry Tree Wealth Management LLC’s holdings in Xcel Energy were worth $197,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its stake in Xcel Energy by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,171,463 shares of the company’s stock worth $196,345,000 after purchasing an additional 106,218 shares during the period. Lincoln National Corp boosted its stake in Xcel Energy by 27.9% in the 4th quarter. Lincoln National Corp now owns 5,299 shares of the company’s stock valued at $328,000 after buying an additional 1,156 shares in the last quarter. Private Advisor Group LLC boosted its stake in Xcel Energy by 3.9% in the 4th quarter. Private Advisor Group LLC now owns 60,565 shares of the company’s stock valued at $3,750,000 after buying an additional 2,298 shares in the last quarter. National Bank of Canada FI grew its position in Xcel Energy by 5.2% in the fourth quarter. National Bank of Canada FI now owns 1,051,708 shares of the company’s stock valued at $66,905,000 after acquiring an additional 52,322 shares during the period. Finally, AJOVista LLC acquired a new position in Xcel Energy during the fourth quarter worth $139,000. 78.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

XEL has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on shares of Xcel Energy from $63.00 to $64.00 and gave the company an “equal weight” rating in a research note on Friday, January 26th. Evercore ISI upped their price objective on shares of Xcel Energy from $54.00 to $59.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. TheStreet lowered shares of Xcel Energy from a “b-” rating to a “c+” rating in a report on Thursday, March 14th. KeyCorp reduced their target price on Xcel Energy from $68.00 to $65.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. Finally, JPMorgan Chase & Co. decreased their price target on Xcel Energy from $68.00 to $59.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 13th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Xcel Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.83.

Xcel Energy Trading Down 0.2 %

Shares of NASDAQ XEL traded down $0.09 during midday trading on Wednesday, hitting $54.93. The stock had a trading volume of 3,123,271 shares, compared to its average volume of 5,325,980. The firm has a market cap of $30.52 billion, a P/E ratio of 16.50, a price-to-earnings-growth ratio of 2.38 and a beta of 0.36. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $69.71. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.86 and a quick ratio of 0.74. The company’s 50-day simple moving average is $53.10 and its 200 day simple moving average is $57.83.

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

Xcel Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, April 20th. Stockholders of record on Friday, March 15th were given a $0.548 dividend. 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 3.99%. The ex-dividend date was Thursday, March 14th. Xcel Energy’s dividend payout ratio (DPR) is currently 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.