5,132 Shares in Xcel Energy Inc. (NASDAQ:XEL) Bought by DORVAL Corp

DORVAL Corp purchased a new stake 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 and Exchange Commission (SEC). The fund purchased 5,132 shares of the company’s stock, valued at approximately $318,000. Xcel Energy accounts for 0.2% of DORVAL Corp’s portfolio, making the stock its 25th largest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SageView Advisory Group LLC acquired a new stake in shares of Xcel Energy in the 4th quarter worth approximately $655,000. US Bancorp DE boosted its position in Xcel Energy by 1.3% during the fourth quarter. US Bancorp DE now owns 404,678 shares of the company’s stock valued at $25,054,000 after purchasing an additional 5,068 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Xcel Energy by 1.6% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 116,178 shares of the company’s stock valued at $7,193,000 after purchasing an additional 1,869 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its position in Xcel Energy by 160.0% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,373 shares of the company’s stock worth $85,000 after purchasing an additional 845 shares during the last quarter. Finally, Tidemark LLC purchased a new stake in shares of Xcel Energy during the 4th quarter worth about $29,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Trading Down 2.6 %

Shares of Xcel Energy stock traded down $1.47 during midday trading on Thursday, reaching $54.05. The company had a trading volume of 3,073,660 shares, compared to its average volume of 5,097,616. The firm has a market cap of $30.03 billion, a PE ratio of 16.67, a P/E/G ratio of 2.50 and a beta of 0.36. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $66.15. The stock has a fifty day moving average price of $54.04 and a 200 day moving average price of $57.55. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.86 and a quick ratio of 0.74.

Xcel Energy (NASDAQ:XEL) last issued its earnings results on Thursday, April 25th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.08. Xcel Energy had a net margin of 13.36% and a return on equity of 11.03%. The business had revenue of $3.65 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same period in the prior year, the firm earned $0.76 earnings per share. Xcel Energy’s revenue was down 10.6% on a year-over-year basis. On average, equities analysts anticipate that Xcel Energy Inc. will post 3.56 earnings per share for the current year.

Xcel Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, July 20th. Stockholders of record on Friday, June 14th will be issued a $0.5475 dividend. This represents a $2.19 dividend on an annualized basis and a dividend yield of 4.05%. Xcel Energy’s dividend payout ratio is presently 65.77%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on XEL. KeyCorp dropped their price objective on Xcel Energy from $68.00 to $65.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. Barclays lifted their price objective on shares of Xcel Energy from $56.00 to $57.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. Royal Bank of Canada boosted their price target on Xcel Energy from $67.00 to $68.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 30th. JPMorgan Chase & Co. cut their price objective on Xcel Energy from $68.00 to $59.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 13th. Finally, Wolfe Research upgraded Xcel Energy from a “peer perform” rating to an “outperform” rating and set a $58.00 price target on the stock in a report on Monday, March 11th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.83.

Xcel Energy 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.