Norden Group LLC Acquires 879 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Norden Group LLC grew its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 16.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,325 shares of the company’s stock after buying an additional 879 shares during the quarter. Norden Group LLC’s holdings in Xcel Energy were worth $427,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dakota Wealth Management grew its position in shares of Xcel Energy by 0.7% during the 4th quarter. Dakota Wealth Management now owns 23,130 shares of the company’s stock worth $1,562,000 after purchasing an additional 151 shares in the last quarter. Rothschild Investment LLC grew its position in shares of Xcel Energy by 26.0% during the 4th quarter. Rothschild Investment LLC now owns 731 shares of the company’s stock worth $49,000 after purchasing an additional 151 shares in the last quarter. GenTrust LLC grew its position in shares of Xcel Energy by 4.5% during the 4th quarter. GenTrust LLC now owns 3,602 shares of the company’s stock worth $243,000 after purchasing an additional 155 shares in the last quarter. Integris Wealth Management LLC grew its position in shares of Xcel Energy by 2.6% during the 4th quarter. Integris Wealth Management LLC now owns 6,323 shares of the company’s stock worth $427,000 after purchasing an additional 160 shares in the last quarter. Finally, Bond & Devick Financial Network Inc. grew its position in shares of Xcel Energy by 1.1% during the 3rd quarter. Bond & Devick Financial Network Inc. now owns 15,972 shares of the company’s stock worth $1,043,000 after purchasing an additional 168 shares in the last quarter. 78.38% of the stock is owned by institutional investors.

Xcel Energy Price Performance

Shares of NASDAQ:XEL opened at $71.90 on Tuesday. The company has a market cap of $41.29 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 2.62 and a beta of 0.43. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. The firm has a 50 day simple moving average of $67.53 and a 200 day simple moving average of $66.26. Xcel Energy Inc. has a one year low of $46.79 and a one year high of $73.38.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. Research analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 20th. Shareholders of record on Friday, March 14th will be given a $0.57 dividend. This is a boost from Xcel Energy’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a yield of 3.17%. The ex-dividend date is Friday, March 14th. Xcel Energy’s dividend payout ratio is 66.28%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. KeyCorp increased their target price on shares of Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Barclays cut their price target on shares of Xcel Energy from $71.00 to $69.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. Wells Fargo & Company upped their price target on shares of Xcel Energy from $72.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Morgan Stanley cut their price target on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Finally, JPMorgan Chase & Co. raised shares of Xcel Energy from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $69.00 to $80.00 in a report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Xcel Energy currently has a consensus rating of “Moderate Buy” and an average price target of $69.91.

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.