SteelPeak Wealth LLC Purchases New Shares in Xcel Energy Inc. $XEL

SteelPeak Wealth LLC bought a new position in shares of Xcel Energy Inc. (NASDAQ:XEL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 37,071 shares of the company’s stock, valued at approximately $2,759,000.

Other large investors have also recently bought and sold shares of the company. ORG Partners LLC grew its holdings in Xcel Energy by 168.4% in the third quarter. ORG Partners LLC now owns 314 shares of the company’s stock worth $25,000 after purchasing an additional 197 shares during the period. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Xcel Energy during the third quarter valued at about $27,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Xcel Energy during the 2nd quarter worth about $25,000. Abound Wealth Management boosted its position in shares of Xcel Energy by 394.5% during the 4th quarter. Abound Wealth Management now owns 361 shares of the company’s stock worth $27,000 after purchasing an additional 288 shares in the last quarter. Finally, First Command Advisory Services Inc. acquired a new stake in shares of Xcel Energy in the 3rd quarter valued at about $32,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Price Performance

XEL stock opened at $80.74 on Friday. The stock has a market cap of $50.37 billion, a P/E ratio of 23.61, a P/E/G ratio of 2.21 and a beta of 0.43. The company has a current ratio of 0.71, a quick ratio of 0.60 and a debt-to-equity ratio of 1.35. The stock’s fifty day simple moving average is $79.67 and its two-hundred day simple moving average is $78.43. Xcel Energy Inc. has a 1-year low of $65.21 and a 1-year high of $84.23.

Xcel Energy (NASDAQ:XEL) last released its earnings results on Wednesday, February 4th. The company reported $0.96 EPS for the quarter, hitting analysts’ consensus estimates of $0.96. The company had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.77 billion. Xcel Energy had a return on equity of 10.46% and a net margin of 13.76%.The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.81 EPS. Analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 20th. Investors of record on Friday, March 13th will be issued a $0.5925 dividend. This is a boost from Xcel Energy’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.37 annualized dividend and a yield of 2.9%. Xcel Energy’s payout ratio is 69.30%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. BMO Capital Markets reiterated an “outperform” rating and issued a $90.00 target price on shares of Xcel Energy in a report on Friday, February 6th. Royal Bank Of Canada restated an “outperform” rating and issued a $95.00 target price on shares of Xcel Energy in a report on Friday, January 23rd. JPMorgan Chase & Co. cut their price target on Xcel Energy from $90.00 to $87.00 and set an “overweight” rating for the company in a research note on Thursday, December 11th. Mizuho set a $86.00 price objective on Xcel Energy in a research note on Friday, January 9th. Finally, Morgan Stanley set a $91.00 target price on Xcel Energy in a research report on Friday, February 20th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Xcel Energy currently has an average rating of “Buy” and an average target price of $88.44.

Xcel Energy Company Profile

Xcel Energy (NASDAQ: XEL) is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company’s core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.

Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.