GF Fund Management CO. LTD. purchased a new position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 108,832 shares of the company's stock, valued at approximately $7,348,000.
Other large investors have also recently made changes to their positions in the company. Sierra Ocean LLC bought a new position in shares of Xcel Energy in the fourth quarter worth $26,000. Fairway Wealth LLC purchased a new stake in Xcel Energy in the 4th quarter worth approximately $27,000. Crews Bank & Trust purchased a new stake in Xcel Energy in the 4th quarter worth approximately $34,000. Rothschild Investment LLC lifted its stake in Xcel Energy by 26.0% in the 4th quarter. Rothschild Investment LLC now owns 731 shares of the company's stock worth $49,000 after purchasing an additional 151 shares in the last quarter. Finally, Itau Unibanco Holding S.A. purchased a new stake in Xcel Energy in the 4th quarter worth approximately $52,000. 78.38% of the stock is owned by institutional investors.
Xcel Energy Trading Down 1.3%
Shares of XEL stock traded down $0.88 on Wednesday, hitting $68.93. 2,425,599 shares of the company's stock traded hands, compared to its average volume of 3,631,437. 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 Inc. has a one year low of $51.97 and a one year high of $73.38. The company's fifty day simple moving average is $69.84 and its 200 day simple moving average is $68.94. The stock has a market capitalization of $39.76 billion, a price-to-earnings ratio of 20.04, a P/E/G ratio of 2.62 and a beta of 0.38.
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). The business had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. Xcel Energy's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.88 EPS. Equities analysts forecast that Xcel Energy Inc. will post 3.82 EPS for the current year.
Xcel Energy Announces Dividend
The business 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. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.28 annualized dividend and a dividend yield of 3.31%. Xcel Energy's dividend payout ratio is 67.06%.
Analyst Upgrades and Downgrades
Several research firms have issued reports on XEL. Morgan Stanley set a $78.00 target price on shares of Xcel Energy and gave the stock an "equal weight" rating in a research note on Thursday, May 22nd. BMO Capital Markets lifted their target price on shares of Xcel Energy from $69.00 to $73.00 and gave the company a "market perform" rating in a research report on Wednesday, April 23rd. Evercore ISI raised their price objective 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. Wall Street Zen lowered shares of Xcel Energy from a "hold" rating to a "sell" rating in a research report on Tuesday, May 20th. Finally, UBS Group raised their price target on Xcel Energy from $73.00 to $77.00 and gave the company a "neutral" rating in a research report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Xcel Energy currently has a consensus rating of "Moderate Buy" and an average price target of $75.90.
Check Out Our Latest Report on XEL
Insider Activity
In other news, Director Devin W. Stockfish bought 2,170 shares of the stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of $68.93 per share, for a total transaction of $149,578.10. Following the purchase, the director now directly owns 3,007 shares in the company, valued at $207,272.51. This trade represents a 259.26% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.09% of the company's stock.
About Xcel Energy
(
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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