111 Capital Purchases Shares of 6,373 Xcel Energy Inc. (NASDAQ:XEL)

111 Capital purchased a new stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,373 shares of the company's stock, valued at approximately $430,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bank of America Corp DE grew its stake in Xcel Energy by 43.6% in the 4th quarter. Bank of America Corp DE now owns 20,762,745 shares of the company's stock valued at $1,401,901,000 after purchasing an additional 6,306,380 shares during the period. FMR LLC grew its stake in Xcel Energy by 118.3% in the 4th quarter. FMR LLC now owns 6,608,044 shares of the company's stock valued at $446,175,000 after purchasing an additional 3,581,436 shares during the period. Zimmer Partners LP grew its stake in Xcel Energy by 1,625.7% in the 4th quarter. Zimmer Partners LP now owns 3,667,200 shares of the company's stock valued at $247,609,000 after purchasing an additional 3,454,700 shares during the period. Pictet Asset Management Holding SA grew its stake in Xcel Energy by 236.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,878,279 shares of the company's stock valued at $329,381,000 after purchasing an additional 3,429,353 shares during the period. Finally, Janus Henderson Group PLC grew its stake in Xcel Energy by 379.3% in the 4th quarter. Janus Henderson Group PLC now owns 4,022,085 shares of the company's stock valued at $271,578,000 after purchasing an additional 3,182,939 shares during the period. 78.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Xcel Energy news, Director Devin W. Stockfish purchased 2,170 shares of the stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $68.93 per share, with a total value of $149,578.10. Following the acquisition, the director now directly owns 3,007 shares in the company, valued at approximately $207,272.51. The trade was a 259.26% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

XEL has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Xcel Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, May 20th. Wells Fargo & Company set a $78.00 price objective on Xcel Energy and gave the company an "overweight" rating in a research note on Friday, April 25th. Barclays increased their price target on Xcel Energy from $72.00 to $73.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 22nd. Evercore ISI increased their price target on Xcel Energy from $74.00 to $77.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Finally, Morgan Stanley set a $78.00 price target on Xcel Energy and gave the stock an "equal weight" rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $75.90.

Xcel Energy Price Performance

XEL traded down $0.38 during trading on Tuesday, reaching $69.35. 3,344,824 shares of the company were exchanged, compared to its average volume of 3,596,054. The company's 50-day moving average is $69.91 and its two-hundred day moving average is $68.97. The company has a market cap of $40.00 billion, a price-to-earnings ratio of 20.16, a P/E/G ratio of 2.62 and a beta of 0.38. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. Xcel Energy Inc. has a 12-month low of $51.97 and a 12-month high of $73.38.

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

Xcel Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.57 per share. The ex-dividend date is Friday, June 13th. This represents a $2.28 dividend on an annualized basis and a yield of 3.29%. Xcel Energy's dividend payout ratio (DPR) is 67.06%.

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.