Mattson Financial Services LLC Has $1.05 Million Stock Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Mattson Financial Services LLC cut its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 24.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,089 shares of the company's stock after selling 5,224 shares during the period. Mattson Financial Services LLC's holdings in Xcel Energy were worth $1,051,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Sierra Ocean LLC acquired a new stake in Xcel Energy in the fourth quarter worth about $26,000. Fairway Wealth LLC acquired a new position in Xcel Energy during the 4th quarter valued at about $27,000. Crews Bank & Trust bought a new stake in shares of Xcel Energy during the 4th quarter worth about $34,000. Rothschild Investment LLC raised its position in shares of Xcel Energy by 26.0% during the 4th quarter. Rothschild Investment LLC now owns 731 shares of the company's stock worth $49,000 after buying an additional 151 shares in the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of Xcel Energy in the 4th quarter worth approximately $52,000. Institutional investors and hedge funds own 78.38% of the company's stock.

Analyst Upgrades and Downgrades

XEL has been the subject of a number of research analyst reports. Wells Fargo & Company set a $78.00 price target on shares of Xcel Energy and gave the stock an "overweight" rating in a research note on Friday, April 25th. Morgan Stanley set a $78.00 price target on shares of Xcel Energy and gave the stock an "equal weight" rating in a research note on Thursday, May 22nd. UBS Group upped their price target on shares of Xcel Energy from $73.00 to $77.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 1st. Wall Street Zen lowered shares of Xcel Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, May 20th. Finally, Evercore ISI upped their price target on shares of Xcel Energy from $74.00 to $77.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $75.90.

Xcel Energy Price Performance

XEL stock traded up $0.73 on Friday, hitting $70.20. 3,985,767 shares of the company's stock traded hands, compared to its average volume of 3,629,701. Xcel Energy Inc. has a 1-year low of $51.97 and a 1-year high of $73.38. The stock has a market cap of $40.49 billion, a price-to-earnings ratio of 20.41, a P/E/G ratio of 2.62 and a beta of 0.38. The stock has a fifty day moving average of $69.89 and a 200-day moving average of $68.96. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.84 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.11). Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. The business had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.93 billion. During the same period in the prior year, the company earned $0.88 earnings per share. The firm's revenue for the quarter was up 7.0% on a year-over-year basis. On average, analysts forecast that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 30th. Investors of record on Friday, June 13th will be given a $0.57 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.28 annualized dividend and a dividend yield of 3.25%. Xcel Energy's dividend payout ratio (DPR) is presently 67.06%.

Insider Activity at Xcel Energy

In related news, Director Devin W. Stockfish acquired 2,170 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $68.93 per share, for a total transaction of $149,578.10. Following the purchase, the director now owns 3,007 shares in the company, valued at $207,272.51. This represents a 259.26% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.09% of the stock is owned by insiders.

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.