CFS Investment Advisory Services LLC Invests $207,000 in Xcel Energy Inc. (NASDAQ:XEL)

CFS Investment Advisory Services LLC bought a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,060 shares of the company’s stock, valued at approximately $207,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in XEL. Dakota Wealth Management grew its holdings in Xcel Energy by 0.7% in the fourth quarter. Dakota Wealth Management now owns 23,130 shares of the company’s stock worth $1,562,000 after purchasing an additional 151 shares during the last quarter. Integris Wealth Management LLC boosted its position in shares of Xcel Energy by 2.7% in the 3rd quarter. Integris Wealth Management LLC now owns 6,163 shares of the company’s stock worth $402,000 after purchasing an additional 163 shares in the last quarter. Bond & Devick Financial Network Inc. grew its stake in 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 buying an additional 168 shares during the last quarter. LRI Investments LLC raised its stake in Xcel Energy by 5.9% in the third quarter. LRI Investments LLC now owns 3,037 shares of the company’s stock valued at $209,000 after buying an additional 170 shares during the last quarter. Finally, Brooklyn Investment Group boosted its holdings in Xcel Energy by 10.2% in the fourth quarter. Brooklyn Investment Group now owns 1,920 shares of the company’s stock worth $130,000 after acquiring an additional 178 shares in the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Trading Up 0.8 %

Xcel Energy stock opened at $66.61 on Friday. 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 firm has a market cap of $38.25 billion, a PE ratio of 19.77, a P/E/G ratio of 2.53 and a beta of 0.42. The stock’s 50 day simple moving average is $68.20 and its two-hundred day simple moving average is $64.00. Xcel Energy Inc. has a 12 month low of $46.79 and a 12 month high of $73.38.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings results on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.01). The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.23 EPS. 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 declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Monday, January 6th will be issued 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 3.29%. Xcel Energy’s payout ratio is 64.99%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Barclays cut their price objective on shares of Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a report on Wednesday. Wells Fargo & Company raised shares of Xcel Energy from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $70.00 to $72.00 in a report on Monday, January 13th. KeyCorp boosted their price objective 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. Jefferies Financial Group upgraded Xcel Energy from a “hold” rating to a “buy” rating and raised their target price for the stock from $71.00 to $76.00 in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. upgraded Xcel Energy from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $69.00 to $80.00 in a research note on Thursday, December 12th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.50.

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.