GAMMA Investing LLC Has $82.64 Million Holdings in Xcel Energy Inc. (NASDAQ:XEL)

GAMMA Investing LLC lifted its position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 6,594.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,167,398 shares of the company's stock after purchasing an additional 1,149,961 shares during the period. GAMMA Investing LLC owned 0.20% of Xcel Energy worth $82,640,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in XEL. Bank of America Corp DE grew its stake in Xcel Energy by 43.6% during the fourth quarter. Bank of America Corp DE now owns 20,762,745 shares of the company's stock valued at $1,401,901,000 after acquiring an additional 6,306,380 shares in the last quarter. FMR LLC boosted its holdings in Xcel Energy by 118.3% in the fourth quarter. FMR LLC now owns 6,608,044 shares of the company's stock worth $446,175,000 after acquiring an additional 3,581,436 shares in the last quarter. Zimmer Partners LP increased its holdings 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 worth $247,609,000 after buying an additional 3,454,700 shares in the last quarter. Pictet Asset Management Holding SA increased its position in shares of Xcel Energy by 236.7% during 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 last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Xcel Energy by 379.3% during 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 currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. UBS Group raised their price target on Xcel Energy from $73.00 to $77.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 1st. Morgan Stanley set a $78.00 price target on Xcel Energy and gave the stock an "equal weight" rating in a research report on Thursday, May 22nd. Wall Street Zen lowered shares of 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 stock an "overweight" rating in a research report on Friday, April 25th. Finally, Barclays upped their price target on shares of Xcel Energy from $72.00 to $73.00 and gave the company an "overweight" rating in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $75.90.

Insider Activity at Xcel Energy

In other Xcel Energy news, Director Devin W. Stockfish acquired 2,170 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of $68.93 per share, with a total value of $149,578.10. Following the transaction, the director now owns 3,007 shares of the company's stock, valued at approximately $207,272.51. This trade represents a 259.26% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.09% of the stock is owned by insiders.

Xcel Energy Stock Down 0.1%

Xcel Energy stock traded down $0.07 during midday trading on Thursday, hitting $68.43. The stock had a trading volume of 391,899 shares, compared to its average volume of 3,824,915. Xcel Energy Inc. has a 12 month low of $51.97 and a 12 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 stock has a market cap of $39.47 billion, a P/E ratio of 19.89, a P/E/G ratio of 2.62 and a beta of 0.37. The business has a fifty day moving average price of $69.88 and a 200 day moving average price of $68.96.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly 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). The firm had revenue of $3.91 billion for 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 firm's revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.88 EPS. Research analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 30th. Stockholders of record on Friday, June 13th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Friday, June 13th. Xcel Energy's dividend payout ratio (DPR) is currently 67.06%.

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.