Cyndeo Wealth Partners LLC Has $222,000 Stock Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Cyndeo Wealth Partners LLC lifted its position in Xcel Energy Inc. (NASDAQ:XEL) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,291 shares of the company’s stock after buying an additional 206 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Xcel Energy were worth $222,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of XEL. State Street Corp increased its position in Xcel Energy by 6.7% in the 3rd quarter. State Street Corp now owns 37,143,025 shares of the company’s stock worth $2,445,477,000 after buying an additional 2,323,448 shares during the period. Brookfield Corp ON increased its position in Xcel Energy by 520.1% during the third quarter. Brookfield Corp ON now owns 2,509,031 shares of the company’s stock worth $163,840,000 after acquiring an additional 2,104,405 shares during the period. Merewether Investment Management LP acquired a new position in Xcel Energy during the 3rd quarter valued at $64,301,000. Massachusetts Financial Services Co. MA boosted its holdings in 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 purchasing an additional 892,740 shares during the period. Finally, Janus Henderson Group PLC grew its position in Xcel Energy by 1,265.6% in the 3rd quarter. Janus Henderson Group PLC now owns 839,146 shares of the company’s stock worth $54,797,000 after purchasing an additional 777,696 shares during the last quarter. 78.38% of the stock is owned by institutional investors.

Xcel Energy Price Performance

Xcel Energy stock opened at $66.61 on Monday. The stock has a market cap of $38.25 billion, a price-to-earnings ratio of 19.77, a P/E/G ratio of 2.53 and a beta of 0.42. Xcel Energy Inc. has a 12-month low of $46.79 and a 12-month high of $73.38. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The business’s 50-day simple moving average is $68.20 and its 200 day simple moving average is $64.08.

Xcel Energy (NASDAQ:XEL) last issued its earnings results 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 business had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the business posted $1.23 EPS. As a group, research 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 given a dividend of $0.5475 per share. This represents a $2.19 annualized dividend and a dividend yield of 3.29%. The ex-dividend date is Monday, January 6th. Xcel Energy’s payout ratio is 64.99%.

Wall Street Analyst Weigh In

XEL has been the topic of a number of recent research reports. Jefferies Financial Group raised Xcel Energy from a “hold” rating to a “buy” rating and lifted their target price for the stock from $71.00 to $76.00 in a research report on Friday, November 1st. Morgan Stanley lowered their price objective on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. KeyCorp raised their target price on Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Barclays lowered 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. Finally, Wells Fargo & Company raised Xcel Energy from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $70.00 to $72.00 in a report on Monday, January 13th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average 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.