Rhumbline Advisers Purchases 47,230 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Rhumbline Advisers raised its position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 4.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,023,374 shares of the company's stock after buying an additional 47,230 shares during the quarter. Rhumbline Advisers owned 0.18% of Xcel Energy worth $72,445,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Rothschild Investment LLC increased its position in Xcel Energy by 26.0% during the fourth quarter. Rothschild Investment LLC now owns 731 shares of the company's stock worth $49,000 after acquiring an additional 151 shares during the period. GenTrust LLC increased its holdings in shares of Xcel Energy by 4.5% during the fourth quarter. GenTrust LLC now owns 3,602 shares of the company's stock worth $243,000 after purchasing an additional 155 shares during the period. Creative Financial Designs Inc. ADV raised its position in shares of Xcel Energy by 23.2% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 827 shares of the company's stock valued at $56,000 after buying an additional 156 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Xcel Energy by 1.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 9,242 shares of the company's stock valued at $624,000 after buying an additional 160 shares in the last quarter. Finally, Personal CFO Solutions LLC boosted its stake in shares of Xcel Energy by 2.8% in the fourth quarter. Personal CFO Solutions LLC now owns 5,934 shares of the company's stock valued at $401,000 after buying an additional 163 shares during the period. Institutional investors own 78.38% of the company's stock.

Xcel Energy Price Performance

XEL stock traded up $0.07 during trading on Thursday, reaching $68.57. 1,821,056 shares of the company were exchanged, compared to its average volume of 3,584,306. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. Xcel Energy Inc. has a twelve month low of $51.97 and a twelve month high of $73.38. The company has a market capitalization of $39.55 billion, a price-to-earnings ratio of 19.93, a P/E/G ratio of 2.62 and a beta of 0.37. The company has a 50-day moving average of $69.88 and a two-hundred day moving average of $68.96.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted 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 firm had revenue of $3.91 billion during 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.88 earnings per share. As a group, equities analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend is Friday, June 13th. Xcel Energy's payout ratio is 67.06%.

Insider Buying and Selling at Xcel Energy

In related news, Director Devin W. Stockfish purchased 2,170 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of $68.93 per share, with a total value of $149,578.10. Following the completion of the purchase, 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 legal filing with the SEC, which is available at this link. Corporate insiders own 0.09% of the company's stock.

Wall Street Analyst Weigh In

XEL has been the topic of a number of recent research reports. UBS Group raised their price objective on Xcel Energy from $73.00 to $77.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 1st. Barclays boosted their price target on Xcel Energy from $72.00 to $73.00 and gave the company an "overweight" rating in a research note on Tuesday, April 22nd. Evercore ISI upped their price objective on shares of Xcel Energy from $74.00 to $77.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. Morgan Stanley set a $78.00 target price on shares of Xcel Energy and gave the company an "equal weight" rating in a report on Thursday, May 22nd. Finally, BMO Capital Markets boosted 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. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Xcel Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $75.90.

About Xcel Energy

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.