Calton & Associates Inc. Invests $687,000 in Xcel Energy Inc. $XEL

Calton & Associates Inc. purchased a new position in shares of Xcel Energy Inc. (NASDAQ:XEL) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 9,304 shares of the company’s stock, valued at approximately $687,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Quadrant Capital Group LLC lifted its holdings in shares of Xcel Energy by 1.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 7,358 shares of the company’s stock worth $593,000 after acquiring an additional 125 shares during the period. TIAA Trust National Association increased its position in Xcel Energy by 1.0% during the 3rd quarter. TIAA Trust National Association now owns 12,683 shares of the company’s stock worth $1,022,000 after purchasing an additional 126 shares in the last quarter. Bleakley Financial Group LLC increased its position in Xcel Energy by 0.5% during the 4th quarter. Bleakley Financial Group LLC now owns 28,949 shares of the company’s stock worth $2,138,000 after purchasing an additional 131 shares in the last quarter. Hills Bank & Trust Co increased its position in Xcel Energy by 2.2% during the 4th quarter. Hills Bank & Trust Co now owns 6,184 shares of the company’s stock worth $457,000 after purchasing an additional 133 shares in the last quarter. Finally, Intrust Bank NA increased its position in Xcel Energy by 1.3% during the 3rd quarter. Intrust Bank NA now owns 11,360 shares of the company’s stock worth $916,000 after purchasing an additional 142 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Down 0.6%

Xcel Energy stock opened at $77.39 on Thursday. Xcel Energy Inc. has a 1-year low of $65.21 and a 1-year high of $84.23. The firm has a market capitalization of $48.31 billion, a price-to-earnings ratio of 22.30, a price-to-earnings-growth ratio of 2.02 and a beta of 0.39. The firm’s fifty day moving average price is $79.79 and its two-hundred day moving average price is $78.53. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 1.45.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.91 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.91. The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.21 billion. Xcel Energy had a net margin of 14.14% and a return on equity of 10.37%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the firm earned $0.84 earnings per share. On average, equities research analysts predict that Xcel Energy Inc. will post 4.11 earnings per share for the current fiscal year.

Xcel Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, June 15th will be issued a $0.5925 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.37 annualized dividend and a dividend yield of 3.1%. Xcel Energy’s dividend payout ratio is currently 68.30%.

Analyst Upgrades and Downgrades

XEL has been the subject of a number of research analyst reports. UBS Group upped their price objective on shares of Xcel Energy from $89.00 to $91.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Argus set a $86.00 price objective on shares of Xcel Energy in a research report on Thursday, March 12th. KeyCorp upped their price objective on shares of Xcel Energy from $89.00 to $90.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. BMO Capital Markets upped their price objective on shares of Xcel Energy from $90.00 to $94.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Finally, Evercore reiterated an “outperform” rating and set a $96.00 price objective on shares of Xcel Energy in a research report on Monday, May 4th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $90.63.

About Xcel Energy

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.