Sunpointe LLC Has $236,000 Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

Sunpointe LLC lowered its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 6.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,499 shares of the company’s stock after selling 253 shares during the period. Sunpointe LLC’s holdings in Xcel Energy were worth $236,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in XEL. Dakota Wealth Management grew its stake in Xcel Energy by 0.7% in the fourth quarter. Dakota Wealth Management now owns 23,130 shares of the company’s stock valued at $1,562,000 after acquiring an additional 151 shares during the period. Integris Wealth Management LLC grew its stake in Xcel Energy by 2.6% in the fourth quarter. Integris Wealth Management LLC now owns 6,323 shares of the company’s stock valued at $427,000 after acquiring an additional 160 shares during the period. Bond & Devick Financial Network Inc. grew its stake in Xcel Energy by 1.1% in the third quarter. Bond & Devick Financial Network Inc. now owns 15,972 shares of the company’s stock valued at $1,043,000 after acquiring an additional 168 shares during the period. LRI Investments LLC grew 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 acquiring an additional 170 shares during the period. Finally, Brooklyn Investment Group grew its stake in Xcel Energy by 10.2% in the fourth quarter. Brooklyn Investment Group now owns 1,920 shares of the company’s stock valued at $130,000 after acquiring an additional 178 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Jefferies Financial Group raised Xcel Energy from a “hold” rating to a “buy” rating and raised their price objective for the company from $71.00 to $76.00 in a research note on Friday, November 1st. Wells Fargo & Company raised their price objective on Xcel Energy from $72.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Morgan Stanley reduced their price objective on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Barclays dropped their target price on Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. upgraded Xcel Energy from a “neutral” rating to an “overweight” rating and raised their target price for the company from $69.00 to $80.00 in a 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. Based on data from MarketBeat.com, Xcel Energy currently has an average rating of “Moderate Buy” and a consensus target price of $69.91.

Xcel Energy Stock Performance

Shares of Xcel Energy stock opened at $69.32 on Friday. The business’s fifty day simple moving average is $67.06 and its 200 day simple moving average is $65.54. The firm has a market capitalization of $39.81 billion, a P/E ratio of 20.15, a price-to-earnings-growth ratio of 2.59 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. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. As a group, analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Cuts Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 3.16%. Xcel Energy’s dividend payout ratio (DPR) is currently 63.66%.

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.