Leeward Investments LLC MA Makes New $10.38 Million Investment in Xcel Energy Inc. (NASDAQ:XEL)

Leeward Investments LLC MA bought a new position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 146,635 shares of the company's stock, valued at approximately $10,380,000.

Several other large investors also recently modified their holdings of XEL. Brighton Jones LLC bought a new position in Xcel Energy in the fourth quarter valued at approximately $240,000. Jones Financial Companies Lllp increased its stake in Xcel Energy by 35.8% in the fourth quarter. Jones Financial Companies Lllp now owns 14,825 shares of the company's stock valued at $1,001,000 after acquiring an additional 3,905 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Xcel Energy in the 4th quarter valued at $76,000. Steward Partners Investment Advisory LLC increased its stake in shares of Xcel Energy by 8.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 16,778 shares of the company's stock valued at $1,133,000 after purchasing an additional 1,329 shares during the last quarter. Finally, State of Michigan Retirement System increased its stake in shares of Xcel Energy by 2.7% in the 4th quarter. State of Michigan Retirement System now owns 155,894 shares of the company's stock valued at $10,526,000 after purchasing an additional 4,100 shares during the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Evercore ISI lifted their price target on Xcel Energy from $74.00 to $77.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. Barclays lifted their target price on Xcel Energy from $72.00 to $73.00 and gave the company an "overweight" rating in a research report on Tuesday, April 22nd. Wall Street Zen lowered shares of Xcel Energy from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. BMO Capital Markets lifted their price target on shares of Xcel Energy from $69.00 to $73.00 and gave the company a "market perform" rating in a report on Wednesday, April 23rd. Finally, UBS Group lifted their price target on shares of Xcel Energy from $73.00 to $77.00 and gave the company a "neutral" rating in a report on Tuesday, April 1st. 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $75.80.

Xcel Energy Trading Up 1.0%

Shares of XEL stock traded up $0.70 during mid-day trading on Friday, reaching $68.26. 2,236,072 shares of the stock traded hands, compared to its average volume of 3,608,563. The stock's fifty day simple moving average is $69.09 and its two-hundred day simple moving average is $68.59. Xcel Energy Inc. has a 1-year low of $51.97 and a 1-year high of $73.38. The company has a market cap of $39.37 billion, a price-to-earnings ratio of 20.08, a price-to-earnings-growth ratio of 2.38 and a beta of 0.36. The company has a quick ratio of 0.70, a current ratio of 0.80 and a debt-to-equity ratio of 1.48.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted 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 return on equity of 10.20% and a net margin of 14.10%. The business had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.93 billion. During the same quarter in the prior year, the business earned $0.88 earnings per share. The firm's quarterly revenue was up 7.0% on a year-over-year basis. On average, research analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, July 20th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.34%. Xcel Energy's dividend payout ratio (DPR) is presently 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.