SVB Wealth LLC Purchases Shares of 5,755 Xcel Energy Inc. (NASDAQ:XEL)

SVB Wealth LLC acquired a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,755 shares of the company’s stock, valued at approximately $389,000.

A number of other institutional investors and hedge funds have also made changes to their positions in XEL. State Street Corp raised its holdings in Xcel Energy by 6.7% in the third quarter. State Street Corp now owns 37,143,025 shares of the company’s stock valued at $2,445,477,000 after buying an additional 2,323,448 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Xcel Energy by 6.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 15,190,756 shares of the company’s stock valued at $991,956,000 after acquiring an additional 892,740 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Xcel Energy by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 14,562,103 shares of the company’s stock valued at $952,091,000 after acquiring an additional 262,191 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Xcel Energy by 0.3% during the 4th quarter. Bank of New York Mellon Corp now owns 3,777,002 shares of the company’s stock worth $255,023,000 after purchasing an additional 11,529 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Xcel Energy by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,417,615 shares of the company’s stock valued at $223,170,000 after purchasing an additional 67,820 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Stock Performance

Shares of Xcel Energy stock opened at $70.03 on Wednesday. The firm has a market cap of $40.21 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 2.62 and a beta of 0.43. Xcel Energy Inc. has a 1 year low of $46.79 and a 1 year high of $73.38. The firm’s 50-day simple moving average is $67.57 and its 200-day simple moving average is $66.33. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93.

Xcel Energy (NASDAQ:XEL) last issued its earnings results 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 return on equity of 10.65% and a net margin of 14.40%. Equities analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, April 20th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.26%. This is a boost from Xcel Energy’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Friday, March 14th. Xcel Energy’s dividend payout ratio is 66.28%.

Analysts Set New Price Targets

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