Quotient Wealth Partners LLC Buys 991 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Quotient Wealth Partners LLC grew its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 4.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,368 shares of the company’s stock after acquiring an additional 991 shares during the period. Quotient Wealth Partners LLC’s holdings in Xcel Energy were worth $1,713,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. AMF Tjanstepension AB increased its stake in shares of Xcel Energy by 185.2% during the third quarter. AMF Tjanstepension AB now owns 34,960 shares of the company’s stock valued at $2,283,000 after buying an additional 22,701 shares during the period. Mather Group LLC. increased its position in Xcel Energy by 23.7% during the 3rd quarter. Mather Group LLC. now owns 2,942 shares of the company’s stock valued at $192,000 after purchasing an additional 564 shares during the period. Brookstone Capital Management raised its holdings in shares of Xcel Energy by 4.3% in the 3rd quarter. Brookstone Capital Management now owns 5,723 shares of the company’s stock valued at $374,000 after purchasing an additional 238 shares in the last quarter. CWM LLC lifted its position in shares of Xcel Energy by 95.8% in the 3rd quarter. CWM LLC now owns 72,286 shares of the company’s stock worth $4,720,000 after purchasing an additional 35,363 shares during the period. Finally, Marcum Wealth LLC bought a new position in shares of Xcel Energy during the third quarter valued at approximately $221,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Down 0.8 %

Xcel Energy stock opened at $66.60 on Friday. The business’s 50-day simple moving average is $67.35 and its two-hundred day simple moving average is $64.89. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. The company has a market cap of $38.24 billion, a PE ratio of 19.36, a PEG ratio of 2.54 and a beta of 0.43. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $73.38.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.81 earnings per share 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 anticipate that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Monday, January 6th were issued a dividend of $0.5475 per share. The ex-dividend date was Monday, January 6th. This represents a $2.19 annualized dividend and a dividend yield of 3.29%. Xcel Energy’s dividend payout ratio (DPR) is presently 63.66%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Barclays lowered their target price on Xcel Energy from $71.00 to $69.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. Jefferies Financial Group upgraded Xcel Energy from a “hold” rating to a “buy” rating and lifted their target price for the company from $71.00 to $76.00 in a research note on Friday, November 1st. Wells Fargo & Company increased their price target on shares of Xcel Energy from $72.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday. KeyCorp lifted their price objective 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. Finally, JPMorgan Chase & Co. raised shares of Xcel Energy from a “neutral” rating to an “overweight” rating and increased their target price for the company from $69.00 to $80.00 in a research report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.91.

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.