Annis Gardner Whiting Capital Advisors LLC Purchases 845 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Annis Gardner Whiting Capital Advisors LLC grew its position in Xcel Energy Inc. (NASDAQ:XEL) by 160.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,373 shares of the company’s stock after acquiring an additional 845 shares during the period. Annis Gardner Whiting Capital Advisors LLC’s holdings in Xcel Energy were worth $85,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Xcel Energy by 2.7% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 10,442 shares of the company’s stock worth $597,000 after buying an additional 274 shares during the period. Private Advisor Group LLC boosted its holdings in shares of Xcel Energy by 1.2% during the 3rd quarter. Private Advisor Group LLC now owns 58,267 shares of the company’s stock worth $3,334,000 after buying an additional 695 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Xcel Energy by 5.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 170,575 shares of the company’s stock worth $9,760,000 after buying an additional 9,328 shares during the period. STF Management LP boosted its holdings in shares of Xcel Energy by 159.3% during the 3rd quarter. STF Management LP now owns 9,005 shares of the company’s stock worth $515,000 after buying an additional 5,532 shares during the period. Finally, Corient Private Wealth LLC boosted its holdings in shares of Xcel Energy by 2.4% during the 3rd quarter. Corient Private Wealth LLC now owns 329,662 shares of the company’s stock worth $18,876,000 after buying an additional 7,767 shares during the period. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Price Performance

XEL stock traded down $0.98 during trading on Thursday, reaching $54.54. 759,363 shares of the company were exchanged, compared to its average volume of 5,085,005. The company has a 50-day moving average of $54.04 and a two-hundred day moving average of $57.55. The company has a market capitalization of $30.30 billion, a price-to-earnings ratio of 16.67, a P/E/G ratio of 2.50 and a beta of 0.36. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $66.15. 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 released its quarterly earnings data on Thursday, April 25th. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.08. The business had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Xcel Energy had a net margin of 13.36% and a return on equity of 11.03%. The firm’s quarterly revenue was down 10.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.76 EPS. As a group, equities analysts predict that Xcel Energy Inc. will post 3.56 earnings per share for the current fiscal year.

Xcel Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, July 20th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.5475 per share. This represents a $2.19 dividend on an annualized basis and a yield of 4.02%. Xcel Energy’s payout ratio is 65.77%.

Analyst Ratings Changes

Several analysts recently commented on the stock. StockNews.com raised shares of Xcel Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Evercore ISI boosted their price objective on shares of Xcel Energy from $54.00 to $59.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Bank of America boosted their price objective on shares of Xcel Energy from $63.00 to $66.00 and gave the company a “buy” rating in a report on Monday, April 29th. JPMorgan Chase & Co. cut their price objective on shares of Xcel Energy from $68.00 to $59.00 and set a “neutral” rating for the company in a report on Wednesday, March 13th. Finally, TheStreet downgraded shares of Xcel Energy from a “b-” rating to a “c+” rating in a report on Thursday, March 14th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.83.

About Xcel Energy

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.