Sourcerock Group LLC Acquires 130,756 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Sourcerock Group LLC boosted its position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 400.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 163,445 shares of the company's stock after buying an additional 130,756 shares during the quarter. Xcel Energy makes up about 0.8% of Sourcerock Group LLC's holdings, making the stock its 26th largest position. Sourcerock Group LLC's holdings in Xcel Energy were worth $11,036,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Sierra Ocean LLC purchased a new position in shares of Xcel Energy in the fourth quarter valued at $26,000. Fairway Wealth LLC purchased a new position in shares of Xcel Energy in the fourth quarter valued at $27,000. Crews Bank & Trust purchased a new position in shares of Xcel Energy in the fourth quarter valued at $34,000. MCF Advisors LLC grew its position in shares of Xcel Energy by 566.3% in the fourth quarter. MCF Advisors LLC now owns 593 shares of the company's stock valued at $40,000 after purchasing an additional 504 shares in the last quarter. Finally, Rothschild Investment LLC grew its position in shares of Xcel Energy by 26.0% in the fourth quarter. Rothschild Investment LLC now owns 731 shares of the company's stock valued at $49,000 after purchasing an additional 151 shares in the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

XEL has been the subject of several recent analyst reports. Evercore ISI boosted their target price on 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 reduced their target price on Xcel Energy from $79.00 to $78.00 and set an "equal weight" rating for the company in a research report on Thursday. Wells Fargo & Company set a $78.00 target price on Xcel Energy and gave the stock an "overweight" rating in a research report on Friday, April 25th. UBS Group boosted their target price on Xcel Energy from $73.00 to $77.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 1st. Finally, BMO Capital Markets boosted their target price on Xcel Energy from $69.00 to $73.00 and gave the stock 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 given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $75.90.

Xcel Energy Price Performance

NASDAQ:XEL traded down $0.71 during mid-day trading on Thursday, reaching $69.21. The stock had a trading volume of 4,059,016 shares, compared to its average volume of 3,629,719. The firm has a 50 day moving average price of $69.88 and a two-hundred day moving average price of $68.84. The stock has a market capitalization of $39.92 billion, a P/E ratio of 20.12, a P/E/G ratio of 2.62 and a beta of 0.38. Xcel Energy Inc. has a one year low of $51.97 and a one year high of $73.38. 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 released its earnings results on Thursday, April 24th. The company reported $0.84 earnings per share for the quarter, missing analysts' consensus estimates of $0.95 by ($0.11). Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. The company had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.93 billion. During the same period last year, the firm posted $0.88 EPS. The company's revenue was up 7.0% on a year-over-year basis. As a group, analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current 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 paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date is Friday, June 13th. Xcel Energy's dividend payout ratio (DPR) is presently 67.06%.

Insider Activity

In other Xcel Energy news, Director Devin W. Stockfish purchased 2,170 shares of the stock in a transaction 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 directly owns 3,007 shares of the company's stock, valued at approximately $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 is available at this link. 0.09% of the stock is currently owned by corporate insiders.

Xcel Energy 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.