Ascent Group LLC increased its position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 160.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,871 shares of the company's stock after buying an additional 7,925 shares during the period. Ascent Group LLC's holdings in Xcel Energy were worth $869,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Sierra Ocean LLC purchased a new stake in Xcel Energy in the fourth quarter valued at approximately $26,000. Fairway Wealth LLC acquired a new stake in shares of Xcel Energy during the fourth quarter worth about $27,000. Crews Bank & Trust purchased a new position in shares of Xcel Energy during the fourth quarter worth about $34,000. Rothschild Investment LLC increased its position in Xcel Energy by 26.0% in the 4th quarter. Rothschild Investment LLC now owns 731 shares of the company's stock valued at $49,000 after acquiring an additional 151 shares during the period. Finally, Itau Unibanco Holding S.A. purchased a new stake in Xcel Energy during the 4th quarter valued at approximately $52,000. Hedge funds and other institutional investors own 78.38% of the company's stock.
Insider Buying and Selling at Xcel Energy
In other Xcel Energy news, Director Devin W. Stockfish bought 2,170 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $68.93 per share, with a total value of $149,578.10. Following the purchase, the director now owns 3,007 shares in the company, valued at approximately $207,272.51. The trade was a 259.26% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is owned by company insiders.
Analyst Ratings Changes
A number of equities analysts have commented on XEL shares. UBS Group upped 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. Evercore ISI upped their price objective on Xcel Energy from $74.00 to $77.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. BMO Capital Markets boosted their target price on shares of Xcel Energy from $69.00 to $73.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 23rd. Barclays increased their price target on shares of Xcel Energy from $72.00 to $73.00 and gave the company an "overweight" rating in a report on Tuesday, April 22nd. Finally, Morgan Stanley set a $78.00 price objective on shares of Xcel Energy and gave the stock an "equal weight" rating in a report on Thursday, May 22nd. One investment 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. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $75.90.
View Our Latest Stock Analysis on XEL
Xcel Energy Trading Up 0.9%
Shares of Xcel Energy stock traded up $0.63 during mid-day trading on Friday, hitting $70.10. 3,969,663 shares of the stock were exchanged, compared to its average volume of 3,861,936. The stock has a market capitalization of $40.43 billion, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 2.62 and a beta of 0.38. Xcel Energy Inc. has a twelve month low of $51.97 and a twelve month high of $73.38. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. The company has a 50-day simple moving average of $69.84 and a 200 day simple moving average of $68.95.
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 return on equity of 10.65% and a net margin of 14.40%. The firm had revenue of $3.91 billion during the quarter, compared to analysts' expectations of $3.93 billion. During the same period in the previous year, the firm posted $0.88 earnings per share. The firm's revenue was up 7.0% on a year-over-year basis. Research analysts forecast that Xcel Energy Inc. will post 3.82 EPS for the current year.
Xcel Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Friday, June 13th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Friday, June 13th. Xcel Energy's payout ratio is 67.06%.
Xcel Energy Company Profile
(
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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