Xcel Energy Inc. (NASDAQ:XEL) Shares Purchased by Burkett Financial Services LLC

Burkett Financial Services LLC increased its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 21.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,309 shares of the company’s stock after acquiring an additional 229 shares during the period. Burkett Financial Services LLC’s holdings in Xcel Energy were worth $88,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Integris Wealth Management LLC increased its stake in shares of Xcel Energy by 2.7% in the third quarter. Integris Wealth Management LLC now owns 6,163 shares of the company’s stock valued at $402,000 after buying an additional 163 shares in the last quarter. Bond & Devick Financial Network Inc. raised its position in shares of Xcel Energy by 1.1% during the third quarter. Bond & Devick Financial Network Inc. now owns 15,972 shares of the company’s stock worth $1,043,000 after purchasing an additional 168 shares during the period. LRI Investments LLC raised its position in shares of Xcel Energy by 5.9% during the third quarter. LRI Investments LLC now owns 3,037 shares of the company’s stock worth $209,000 after purchasing an additional 170 shares during the period. Gateway Wealth Partners LLC raised its position in shares of Xcel Energy by 4.3% during the second quarter. Gateway Wealth Partners LLC now owns 4,413 shares of the company’s stock worth $236,000 after purchasing an additional 182 shares during the period. Finally, Sumitomo Life Insurance Co. raised its position in Xcel Energy by 2.9% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 6,591 shares of the company’s stock valued at $430,000 after buying an additional 183 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Trading Down 0.1 %

Shares of NASDAQ:XEL traded down $0.06 during trading on Monday, reaching $66.08. The company’s stock had a trading volume of 996,090 shares, compared to its average volume of 2,290,760. 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 Inc. has a 12 month low of $46.79 and a 12 month high of $73.38. The stock has a market capitalization of $37.95 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 2.79 and a beta of 0.41. The firm’s 50 day simple moving average is $68.49 and its two-hundred day simple moving average is $62.82.

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

Xcel Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Monday, January 6th will be issued a dividend of $0.5475 per share. The ex-dividend date of this dividend is Monday, January 6th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.31%. Xcel Energy’s payout ratio is currently 64.99%.

Wall Street Analyst Weigh In

XEL has been the subject of several research analyst reports. Jefferies Financial Group upgraded Xcel Energy from a “hold” rating to a “buy” rating and lifted their target price for the stock from $71.00 to $76.00 in a research note on Friday, November 1st. JPMorgan Chase & Co. raised Xcel Energy from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $69.00 to $80.00 in a report on Thursday, December 12th. KeyCorp upped their target price on Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Morgan Stanley reduced their price target on 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. Finally, Wells Fargo & Company upped their target price on Xcel Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $69.17.

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.