Xcel Energy Inc. (NASDAQ:XEL) Stock Position Boosted by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP lifted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 45.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 540,138 shares of the company's stock after purchasing an additional 169,556 shares during the period. Hudson Bay Capital Management LP owned about 0.09% of Xcel Energy worth $36,470,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Dakota Wealth Management boosted its holdings in shares of Xcel Energy by 0.7% in the 4th quarter. Dakota Wealth Management now owns 23,130 shares of the company's stock valued at $1,562,000 after purchasing an additional 151 shares during the last quarter. Rothschild Investment LLC raised its position in shares of 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 buying an additional 151 shares during the period. GenTrust LLC boosted its holdings in Xcel Energy by 4.5% in the fourth quarter. GenTrust LLC now owns 3,602 shares of the company's stock valued at $243,000 after acquiring an additional 155 shares during the last quarter. Creative Financial Designs Inc. ADV increased its stake in Xcel Energy by 23.2% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 827 shares of the company's stock worth $56,000 after acquiring an additional 156 shares during the last quarter. Finally, Integris Wealth Management LLC increased its stake in Xcel Energy by 2.6% during the fourth quarter. Integris Wealth Management LLC now owns 6,323 shares of the company's stock worth $427,000 after acquiring an additional 160 shares during the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Xcel Energy Stock Up 0.8%

XEL stock traded up $0.53 during mid-day trading on Tuesday, hitting $68.31. 5,328,124 shares of the company were exchanged, compared to its average volume of 3,575,867. The company has a market capitalization of $39.40 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 2.62 and a beta of 0.38. The firm has a fifty day simple moving average of $69.61 and a 200 day simple moving average of $68.60. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. Xcel Energy Inc. has a twelve month low of $51.97 and a twelve 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 for the quarter, missing the consensus estimate of $0.95 by ($0.11). Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. The firm had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.93 billion. During the same period in the prior year, the firm earned $0.88 earnings per share. The firm's quarterly revenue was up 7.0% compared to the same quarter last year. On average, research analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, April 20th. Investors of record on Friday, March 14th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date was Friday, March 14th. This is an increase from Xcel Energy's previous quarterly dividend of $0.55. Xcel Energy's dividend payout ratio is currently 67.06%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. StockNews.com upgraded shares of Xcel Energy from a "sell" rating to a "hold" rating in a report on Friday, May 2nd. Wells Fargo & Company set a $78.00 price target on Xcel Energy and gave the company an "overweight" rating in a report on Friday, April 25th. Barclays upped their target price on Xcel Energy from $72.00 to $73.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 22nd. Morgan Stanley set a $79.00 target price on Xcel Energy and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Finally, BMO Capital Markets boosted their price target 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. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $76.00.

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.