Panoramic Investment Advisors LLC Takes Position in Xcel Energy Inc. (NASDAQ:XEL)

Panoramic Investment Advisors LLC purchased a new position in Xcel Energy Inc. (NASDAQ:XEL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,971 shares of the company’s stock, valued at approximately $201,000.

Other large investors have also added to or reduced their stakes in the company. Catalina Capital Group LLC boosted its position in Xcel Energy by 20.8% during the 4th quarter. Catalina Capital Group LLC now owns 3,982 shares of the company’s stock valued at $269,000 after acquiring an additional 685 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its position in shares of Xcel Energy by 7.0% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 7,968 shares of the company’s stock valued at $538,000 after purchasing an additional 522 shares in the last quarter. Greenleaf Trust boosted its position in shares of Xcel Energy by 5.1% during the fourth quarter. Greenleaf Trust now owns 14,527 shares of the company’s stock valued at $981,000 after purchasing an additional 705 shares in the last quarter. Spire Wealth Management grew its stake in Xcel Energy by 2.8% in the fourth quarter. Spire Wealth Management now owns 6,867 shares of the company’s stock worth $464,000 after purchasing an additional 185 shares during the period. Finally, Richardson Financial Services Inc. raised its holdings in Xcel Energy by 222.7% in the fourth quarter. Richardson Financial Services Inc. now owns 1,210 shares of the company’s stock worth $82,000 after purchasing an additional 835 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Up 0.5 %

XEL stock opened at $67.20 on Monday. The stock has a market capitalization of $38.59 billion, a P/E ratio of 19.94, a P/E/G ratio of 2.54 and a beta of 0.43. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. Xcel Energy Inc. has a 1-year low of $46.79 and a 1-year high of $73.38. The business has a fifty day moving average price of $67.85 and a 200-day moving average price of $64.61.

Xcel Energy (NASDAQ:XEL) last issued its earnings results on Thursday, October 31st. The company reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.01). The business had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.93 billion. Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. Xcel Energy’s quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the firm posted $1.23 EPS. Equities analysts forecast that Xcel Energy Inc. will post 3.54 earnings per share for the current fiscal year.

Xcel Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Monday, January 6th were given a dividend of $0.5475 per share. The ex-dividend date was Monday, January 6th. This represents a $2.19 dividend on an annualized basis and a yield of 3.26%. Xcel Energy’s dividend payout ratio (DPR) is 64.99%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on XEL. Morgan Stanley reduced their target price on shares of 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 upped their price objective on shares of 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 shares of Xcel Energy from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $69.00 to $80.00 in a report on Thursday, December 12th. Jefferies Financial Group upgraded Xcel Energy from a “hold” rating to a “buy” rating and upped their price target for the stock from $71.00 to $76.00 in a research note on Friday, November 1st. Finally, Wells Fargo & Company raised Xcel Energy from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $70.00 to $72.00 in a research report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.64.

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.