Mission Wealth Management LP Increases Stock Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Mission Wealth Management LP boosted its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 6.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,523 shares of the company’s stock after purchasing an additional 917 shares during the quarter. Mission Wealth Management LP’s holdings in Xcel Energy were worth $981,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC acquired a new position in shares of Xcel Energy during the 3rd quarter valued at about $25,000. Sierra Ocean LLC purchased a new stake in Xcel Energy in the fourth quarter valued at approximately $26,000. Transcendent Capital Group LLC purchased a new stake in Xcel Energy in the third quarter valued at approximately $33,000. Crews Bank & Trust acquired a new position in Xcel Energy during the fourth quarter worth approximately $34,000. Finally, MCF Advisors LLC raised its stake in Xcel Energy by 566.3% during the fourth quarter. MCF Advisors LLC now owns 593 shares of the company’s stock worth $40,000 after purchasing an additional 504 shares during the period. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

XEL has been the subject of a number of research analyst reports. KeyCorp upped their price objective on Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. JPMorgan Chase & Co. upgraded 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 research note on Thursday, December 12th. Wells Fargo & Company lifted their price objective on Xcel Energy from $72.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Morgan Stanley dropped their target price on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Finally, Barclays reduced their price target on shares of Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 22nd. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $69.91.

Xcel Energy Price Performance

XEL opened at $70.03 on Wednesday. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $73.38. The firm has a market cap of $40.21 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 2.62 and a beta of 0.43. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. The company has a fifty day simple moving average of $67.57 and a 200 day simple moving average of $66.33.

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

Xcel Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, April 20th. Stockholders of record on Friday, March 14th will be given a dividend of $0.57 per share. The ex-dividend date is Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.26%. This is an increase from Xcel Energy’s previous quarterly dividend of $0.55. Xcel Energy’s dividend payout ratio (DPR) is presently 66.28%.

About Xcel Energy

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.