Css LLC Il Takes Position in Xcel Energy Inc. (NASDAQ:XEL)

CSS LLC IL purchased a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,920 shares of the company's stock, valued at approximately $400,000.

A number of other large investors have also recently made changes to their positions in the business. MassMutual Private Wealth & Trust FSB lifted its stake in Xcel Energy by 17.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,815 shares of the company's stock valued at $123,000 after acquiring an additional 270 shares in the last quarter. Ballentine Partners LLC grew its stake in Xcel Energy by 4.6% in the 4th quarter. Ballentine Partners LLC now owns 7,943 shares of the company's stock valued at $536,000 after purchasing an additional 352 shares during the period. Atomi Financial Group Inc. purchased a new stake in shares of Xcel Energy during the 4th quarter valued at $278,000. MCF Advisors LLC increased its position in shares of Xcel Energy by 566.3% during the 4th quarter. MCF Advisors LLC now owns 593 shares of the company's stock valued at $40,000 after purchasing an additional 504 shares during the last quarter. Finally, Simon Quick Advisors LLC raised its stake in shares of Xcel Energy by 15.8% during the 4th quarter. Simon Quick Advisors LLC now owns 6,101 shares of the company's stock worth $412,000 after purchasing an additional 832 shares during the period. 78.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on XEL. Evercore ISI increased their price target on shares of Xcel Energy from $74.00 to $77.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. UBS Group increased their target price on shares of Xcel Energy from $73.00 to $77.00 and gave the company a "neutral" rating in a research report on Tuesday, April 1st. Wells Fargo & Company set a $78.00 price target on shares of Xcel Energy and gave the stock an "overweight" rating in a report on Friday, April 25th. Morgan Stanley set a $78.00 price objective on Xcel Energy and gave the company an "equal weight" rating in a research note on Thursday. Finally, Wall Street Zen downgraded Xcel Energy from a "hold" rating to a "sell" rating in a research report on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $75.90.

Xcel Energy Price Performance

Xcel Energy stock traded up $0.52 during midday trading on Friday, hitting $69.73. 3,077,431 shares of the company's stock were exchanged, compared to its average volume of 3,636,211. The stock has a 50-day moving average price of $69.85 and a two-hundred day moving average price of $68.92. Xcel Energy Inc. has a 52-week low of $51.97 and a 52-week high of $73.38. The company has a market cap of $40.22 billion, a P/E ratio of 20.27, a PEG ratio of 2.62 and a beta of 0.38. 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 (NASDAQ:XEL - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.84 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.11). The business 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 firm's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.88 EPS. On average, equities research analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, July 20th. Stockholders of record on Friday, June 13th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Friday, June 13th. Xcel Energy's dividend payout ratio (DPR) is currently 67.06%.

Insider Transactions at Xcel Energy

In other news, Director Devin W. Stockfish acquired 2,170 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average cost of $68.93 per share, with a total value of $149,578.10. Following the acquisition, the director now owns 3,007 shares in the company, valued at approximately $207,272.51. This represents 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.

Xcel Energy Company 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.