DeDora Capital Inc. Has $999,000 Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

DeDora Capital Inc. raised its stake in Xcel Energy Inc. (NASDAQ:XEL) by 15.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,595 shares of the company’s stock after acquiring an additional 2,425 shares during the quarter. DeDora Capital Inc.’s holdings in Xcel Energy were worth $999,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Xcel Energy during the 4th quarter worth approximately $25,000. Criterion Capital Advisors LLC acquired a new position in shares of Xcel Energy in the 4th quarter valued at $25,000. Pacific Capital Wealth Advisors Inc. bought a new position in shares of Xcel Energy in the 4th quarter worth $25,000. Heritage Wealth Advisors bought a new stake in Xcel Energy in the fourth quarter valued at about $25,000. Finally, Capital Analysts LLC lifted its stake in Xcel Energy by 293.6% in the fourth quarter. Capital Analysts LLC now owns 433 shares of the company’s stock valued at $26,000 after buying an additional 323 shares during the period. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on XEL shares. KeyCorp dropped their price objective on Xcel Energy from $68.00 to $65.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. Wells Fargo & Company increased their target price on Xcel Energy from $63.00 to $64.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. Bank of America boosted their price target on 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. decreased their price objective on Xcel Energy from $68.00 to $59.00 and set a “neutral” rating for the company in a report on Wednesday, March 13th. Finally, Barclays boosted their target price on Xcel Energy from $56.00 to $57.00 and gave the company an “overweight” rating in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $62.83.

Xcel Energy Stock Up 0.9 %

Shares of NASDAQ:XEL traded up $0.46 during midday trading on Friday, hitting $54.25. The stock had a trading volume of 3,285,090 shares, compared to its average volume of 4,238,203. The company has a quick ratio of 0.74, a current ratio of 0.86 and a debt-to-equity ratio of 1.48. The business’s 50-day simple moving average is $53.24 and its 200-day simple moving average is $57.91. Xcel Energy Inc. has a 12 month low of $46.79 and a 12 month high of $69.85. The company has a market cap of $30.14 billion, a P/E ratio of 16.29, a PEG ratio of 2.36 and a beta of 0.36.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.88 earnings per share 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 company had revenue of $3.65 billion for the quarter, compared to analyst estimates of $4.12 billion. During the same period in the previous year, the business earned $0.76 EPS. Xcel Energy’s revenue for the quarter was down 10.6% compared to the same quarter last year. On average, sell-side analysts forecast that Xcel Energy Inc. will post 3.56 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, April 20th. Stockholders of record on Friday, March 15th were given a $0.548 dividend. This represents a $2.19 dividend on an annualized basis and a dividend yield of 4.04%. This is a boost from Xcel Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Thursday, March 14th. Xcel Energy’s dividend payout ratio (DPR) is presently 65.77%.

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.