Hager Investment Management Services LLC Takes Position in Xcel Energy Inc. (NASDAQ:XEL)

Hager Investment Management Services LLC bought a new position in shares of Xcel Energy Inc. (NASDAQ:XEL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,000 shares of the company’s stock, valued at approximately $68,000.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in Xcel Energy by 6.7% during the third quarter. State Street Corp now owns 37,143,025 shares of the company’s stock valued at $2,445,477,000 after purchasing an additional 2,323,448 shares during the last quarter. Brookfield Corp ON lifted its position in shares of Xcel Energy by 520.1% during the 3rd quarter. Brookfield Corp ON now owns 2,509,031 shares of the company’s stock valued at $163,840,000 after acquiring an additional 2,104,405 shares during the last quarter. Merewether Investment Management LP bought a new stake in shares of Xcel Energy during the 3rd quarter worth $64,301,000. Massachusetts Financial Services Co. MA grew its holdings 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 worth $991,956,000 after acquiring an additional 892,740 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Xcel Energy by 1,265.6% during the third 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 period. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Stock Up 0.9 %

Shares of XEL opened at $67.95 on Thursday. 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 company has a 50-day moving average price of $67.68 and a two-hundred day moving average price of $64.77. The stock has a market cap of $39.02 billion, a price-to-earnings ratio of 20.16, a P/E/G ratio of 2.54 and a beta of 0.43. Xcel Energy Inc. has a 12 month low of $46.79 and a 12 month high of $73.38.

Xcel Energy Cuts Dividend

The business also recently announced 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 of this dividend was Monday, January 6th. This represents a $2.19 annualized dividend and a dividend yield of 3.22%. Xcel Energy’s dividend payout ratio (DPR) is presently 64.99%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on XEL. Jefferies Financial Group upgraded Xcel Energy from a “hold” rating to a “buy” rating and increased their target price for the company from $71.00 to $76.00 in a report on Friday, November 1st. Morgan Stanley decreased their target price on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Barclays lowered their price objective on Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a report on Wednesday, January 22nd. JPMorgan Chase & Co. upgraded shares of Xcel Energy from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $69.00 to $80.00 in a report on Thursday, December 12th. Finally, Wells Fargo & Company upgraded Xcel Energy from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $70.00 to $72.00 in a report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $69.64.

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.