Occudo Quantitative Strategies LP purchased a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 24,125 shares of the company's stock, valued at approximately $1,629,000.
Several other institutional investors have also modified their holdings of XEL. Sierra Ocean LLC acquired a new stake in Xcel Energy in the fourth quarter worth about $26,000. Fairway Wealth LLC acquired a new stake in shares of Xcel Energy in the 4th quarter worth approximately $27,000. Crews Bank & Trust bought a new position in shares of Xcel Energy in the fourth quarter valued at approximately $34,000. MCF Advisors LLC increased its stake in shares of Xcel Energy by 566.3% during the fourth quarter. MCF Advisors LLC now owns 593 shares of the company's stock valued at $40,000 after acquiring an additional 504 shares during the period. Finally, First Financial Corp IN acquired a new position in shares of Xcel Energy during the fourth quarter valued at approximately $46,000. Institutional investors own 78.38% of the company's stock.
Insider Transactions at Xcel Energy
In related news, Director Devin W. Stockfish bought 2,170 shares of Xcel Energy stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of $68.93 per share, for a total transaction of $149,578.10. Following the completion of the purchase, the director now owns 3,007 shares in the company, valued at approximately $207,272.51. This represents a 259.26% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.09% of the company's stock.
Xcel Energy Stock Up 1.6%
Shares of NASDAQ XEL traded up $1.12 during mid-day trading on Friday, reaching $72.38. 7,152,902 shares of the company traded hands, compared to its average volume of 3,622,581. The company's fifty day moving average is $69.66 and its two-hundred day moving average is $68.65. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. Xcel Energy Inc. has a fifty-two week low of $51.97 and a fifty-two week high of $73.38. The stock has a market cap of $41.75 billion, a PE ratio of 21.04, a price-to-earnings-growth ratio of 2.62 and a beta of 0.38.
Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.84 EPS for the quarter, missing analysts' consensus estimates of $0.95 by ($0.11). The business had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. The company's revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.88 earnings per share. On average, analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current year.
Xcel Energy Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Sunday, April 20th. Shareholders of record on Friday, March 14th were given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 3.15%. This is a positive change from Xcel Energy's previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Friday, March 14th. Xcel Energy's dividend payout ratio (DPR) is currently 67.06%.
Analysts Set New Price Targets
XEL has been the topic of several research analyst reports. Morgan Stanley set a $79.00 price objective on Xcel Energy and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. UBS Group lifted their price objective on shares of Xcel Energy from $73.00 to $77.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 1st. BMO Capital Markets increased their target price on Xcel Energy from $69.00 to $73.00 and gave the company a "market perform" rating in a report on Wednesday, April 23rd. Barclays raised their target price on Xcel Energy from $72.00 to $73.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 22nd. Finally, StockNews.com raised Xcel Energy from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $76.00.
Get Our Latest Stock Analysis on XEL
About Xcel Energy
(
Free Report)
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.
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