Xcel Energy Inc. (NASDAQ:XEL) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp decreased its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 24.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 144,325 shares of the company's stock after selling 45,886 shares during the period. Mackenzie Financial Corp's holdings in Xcel Energy were worth $9,745,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Bank of America Corp DE boosted its holdings in shares of Xcel Energy by 43.6% in the 4th quarter. Bank of America Corp DE now owns 20,762,745 shares of the company's stock valued at $1,401,901,000 after buying an additional 6,306,380 shares during the last quarter. FMR LLC increased its holdings in shares of Xcel Energy by 118.3% in the fourth quarter. FMR LLC now owns 6,608,044 shares of the company's stock valued at $446,175,000 after purchasing an additional 3,581,436 shares during the last quarter. Zimmer Partners LP increased its stake in shares of Xcel Energy by 1,625.7% during the fourth quarter. Zimmer Partners LP now owns 3,667,200 shares of the company's stock worth $247,609,000 after purchasing an additional 3,454,700 shares during the period. Pictet Asset Management Holding SA increased its stake in shares of Xcel Energy by 236.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 4,878,279 shares of the company's stock worth $329,381,000 after purchasing an additional 3,429,353 shares during the period. Finally, Janus Henderson Group PLC increased its stake in shares of Xcel Energy by 379.3% during the fourth quarter. Janus Henderson Group PLC now owns 4,022,085 shares of the company's stock worth $271,578,000 after purchasing an additional 3,182,939 shares during the period. Institutional investors own 78.38% of the company's stock.

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 stock was purchased at an average cost of $68.93 per share, for a total transaction of $149,578.10. Following the completion of the acquisition, the director now directly owns 3,007 shares of the company's stock, valued at $207,272.51. The trade was a 259.26% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. UBS Group upped their target price on Xcel Energy from $73.00 to $77.00 and gave the company a "neutral" rating in a research report on Tuesday, April 1st. BMO Capital Markets upped their price target on shares of Xcel Energy from $69.00 to $73.00 and gave the stock a "market perform" rating in a report on Wednesday, April 23rd. 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, May 22nd. Evercore ISI increased their price target on Xcel Energy from $74.00 to $77.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. Finally, Wells Fargo & Company set a $78.00 target price on shares of Xcel Energy and gave the stock an "overweight" rating in a research report on Friday, April 25th. One research 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $75.90.

Xcel Energy Stock Up 1.1%

XEL stock traded up $0.73 during midday trading on Friday, hitting $70.20. The company's stock had a trading volume of 3,985,767 shares, compared to its average volume of 3,628,014. The firm's 50-day moving average is $69.84 and its 200-day moving average is $68.95. 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 market cap of $40.49 billion, a PE ratio of 20.41, a P/E/G ratio of 2.62 and a beta of 0.38. Xcel Energy Inc. has a 12 month low of $51.97 and a 12 month high of $73.38.

Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.95 by ($0.11). The company had revenue of $3.91 billion for the quarter, compared to analysts' expectations of $3.93 billion. Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. The company's quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business earned $0.88 earnings per share. On average, equities research analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

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 dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Friday, June 13th. Xcel Energy's dividend payout ratio (DPR) is presently 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.