Integrated Wealth Concepts LLC Buys 28,851 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Integrated Wealth Concepts LLC lifted its position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 165.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,333 shares of the company's stock after acquiring an additional 28,851 shares during the period. Integrated Wealth Concepts LLC's holdings in Xcel Energy were worth $3,128,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. FMR LLC increased its holdings in Xcel Energy by 118.3% in the 4th quarter. FMR LLC now owns 6,608,044 shares of the company's stock worth $446,175,000 after purchasing an additional 3,581,436 shares in the last quarter. Pictet Asset Management Holding SA boosted its position in Xcel Energy by 236.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 4,878,279 shares of the company's stock worth $329,381,000 after buying an additional 3,429,353 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Xcel Energy by 15.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 17,613,239 shares of the company's stock worth $1,189,246,000 after acquiring an additional 2,422,483 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Xcel Energy in the 4th quarter valued at approximately $83,653,000. Finally, Reaves W H & Co. Inc. lifted its holdings in shares of Xcel Energy by 440.2% during the fourth quarter. Reaves W H & Co. Inc. now owns 1,455,927 shares of the company's stock worth $98,304,000 after purchasing an additional 1,186,427 shares during the period. Institutional investors and hedge funds own 78.38% of the company's stock.

Xcel Energy Stock Up 0.0 %

XEL traded up $0.03 during mid-day trading on Wednesday, reaching $70.70. 4,467,722 shares of the stock were exchanged, compared to its average volume of 3,587,773. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. The company has a 50 day moving average price of $69.61 and a two-hundred day moving average price of $68.17. Xcel Energy Inc. has a 1 year low of $51.97 and a 1 year high of $73.38. The stock has a market capitalization of $40.78 billion, a PE ratio of 20.55, a price-to-earnings-growth ratio of 2.62 and a beta of 0.39.

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 for the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. Xcel Energy's quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.88 EPS. As a group, research analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Increases Dividend

The business also recently declared 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. The ex-dividend date was Friday, March 14th. This represents a $2.28 annualized dividend and a yield of 3.22%. This is a positive change from Xcel Energy's previous quarterly dividend of $0.55. Xcel Energy's dividend payout ratio is presently 67.06%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. StockNews.com raised Xcel Energy from a "sell" rating to a "hold" rating in a research report on Saturday. Barclays boosted their target price on shares of Xcel Energy from $72.00 to $73.00 and gave the company an "overweight" rating in a report on Tuesday, April 22nd. Morgan Stanley set a $79.00 price objective on shares of Xcel Energy and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. Wells Fargo & Company set a $78.00 target price on Xcel Energy and gave the company an "overweight" rating in a research note on Friday, April 25th. Finally, Evercore ISI increased their price target on Xcel Energy from $74.00 to $77.00 and gave the stock an "outperform" rating in a report on Monday. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Xcel Energy presently has an average rating of "Moderate Buy" and an average price target of $76.00.

Insider Buying and Selling

In other news, Director Devin W. Stockfish purchased 2,170 shares of the business's 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 owns 3,007 shares of the company's stock, valued at $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 the SEC website. 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.