Exchange Traded Concepts LLC Acquires 366 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Exchange Traded Concepts LLC grew its stake in Xcel Energy Inc. (NASDAQ:XEL) by 2.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,421 shares of the company’s stock after purchasing an additional 366 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Xcel Energy were worth $906,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new position in Xcel Energy during the third quarter valued at $25,000. Transcendent Capital Group LLC purchased a new stake in Xcel Energy during the 3rd quarter valued at $33,000. MCF Advisors LLC increased its holdings in shares of Xcel Energy by 566.3% in the 4th quarter. MCF Advisors LLC now owns 593 shares of the company’s stock worth $40,000 after purchasing an additional 504 shares in the last quarter. Kimelman & Baird LLC purchased a new position in shares of Xcel Energy in the second quarter worth $35,000. Finally, West Financial Advisors LLC bought a new position in shares of Xcel Energy during the third quarter valued at $43,000. 78.38% of the stock is owned by institutional investors.

Xcel Energy Trading Down 2.3 %

XEL stock opened at $66.43 on Wednesday. The firm’s fifty day simple moving average is $68.17 and its two-hundred day simple moving average is $64.26. The stock has a market capitalization of $38.15 billion, a price-to-earnings ratio of 19.71, a price-to-earnings-growth ratio of 2.53 and a beta of 0.42. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $73.38.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.01). The firm had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the business earned $1.23 EPS. As a group, analysts anticipate that Xcel Energy Inc. will post 3.54 earnings per share for the current year.

Xcel Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Monday, January 6th will be paid a $0.5475 dividend. The ex-dividend date is Monday, January 6th. This represents a $2.19 dividend on an annualized basis and a yield of 3.30%. Xcel Energy’s payout ratio is 64.99%.

Wall Street Analysts Forecast Growth

XEL has been the subject of a number of recent analyst reports. Wells Fargo & Company raised Xcel Energy from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $70.00 to $72.00 in a research report on Monday, January 13th. Barclays lowered their price objective 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. KeyCorp lifted 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. JPMorgan Chase & Co. upgraded shares of Xcel Energy from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $69.00 to $80.00 in a research note on Thursday, December 12th. Finally, Morgan Stanley cut their price target on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Xcel Energy presently has a consensus rating of “Moderate Buy” and an average target price of $69.50.

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.