Addison Advisors LLC Decreases Stake in Xcel Energy Inc. (NASDAQ:XEL)

Addison Advisors LLC cut its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 33.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 533 shares of the company’s stock after selling 267 shares during the period. Addison Advisors LLC’s holdings in Xcel Energy were worth $33,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Criterion Capital Advisors LLC acquired a new position in Xcel Energy during the 4th quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in Xcel Energy during the 4th quarter worth approximately $25,000. Capital Analysts LLC raised its position in shares of Xcel Energy by 293.6% in the 4th quarter. Capital Analysts LLC now owns 433 shares of the company’s stock valued at $26,000 after purchasing an additional 323 shares in the last quarter. Royal London Asset Management Ltd. acquired a new position in shares of Xcel Energy in the 3rd quarter valued at approximately $27,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Xcel Energy in the 3rd quarter valued at approximately $31,000. 78.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on XEL. StockNews.com lowered Xcel Energy from a “hold” rating to a “sell” rating in a research report on Friday. JPMorgan Chase & Co. cut their target price on Xcel Energy from $68.00 to $59.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 13th. Wells Fargo & Company upped their target price on Xcel Energy from $63.00 to $64.00 and gave the company an “equal weight” rating in a research report on Friday, January 26th. TheStreet lowered Xcel Energy from a “b-” rating to a “c+” rating in a research report on Thursday, March 14th. Finally, Wolfe Research raised Xcel Energy from a “peer perform” rating to an “outperform” rating and set a $58.00 target price on the stock in a research report on Monday, March 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $62.58.

Xcel Energy Stock Performance

XEL traded down $1.05 during trading on Friday, reaching $53.96. 6,451,721 shares of the company were exchanged, compared to its average volume of 3,954,739. The stock has a market cap of $29.97 billion, a P/E ratio of 16.20, a PEG ratio of 2.37 and a beta of 0.36. The firm has a 50 day moving average of $53.77 and a 200 day moving average of $58.07. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.41. Xcel Energy Inc. has a 52 week low of $46.79 and a 52 week high of $70.72.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.08. The firm had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $4.12 billion. Xcel Energy had a return on equity of 11.12% and a net margin of 13.36%. The firm’s revenue was down 10.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.76 EPS. On average, sell-side analysts forecast that Xcel Energy Inc. will post 3.56 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, April 20th. Investors of record on Friday, March 15th were paid a dividend of $0.548 per share. This is an increase from Xcel Energy’s previous quarterly dividend of $0.52. This represents a $2.19 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend was Thursday, March 14th. Xcel Energy’s dividend payout ratio is presently 65.77%.

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.