Johnson Financial Group Inc. acquired a new position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 15,762 shares of the company's stock, valued at approximately $1,059,000.
Other large investors also recently bought and sold shares of the company. Sierra Ocean LLC acquired a new stake in shares of Xcel Energy in the fourth quarter worth approximately $26,000. Fairway Wealth LLC purchased a new position in Xcel Energy in the 4th quarter valued at $27,000. Crews Bank & Trust acquired a new stake in Xcel Energy during the 4th quarter worth $34,000. MCF Advisors LLC grew its holdings in shares of Xcel Energy by 566.3% during the fourth quarter. MCF Advisors LLC now owns 593 shares of the company's stock worth $40,000 after buying an additional 504 shares in the last quarter. Finally, First Financial Corp IN acquired a new stake in shares of Xcel Energy in the fourth quarter valued at about $46,000. 78.38% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
XEL has been the topic of a number of recent research reports. StockNews.com upgraded shares of Xcel Energy from a "sell" rating to a "hold" rating in a research report on Saturday, April 26th. 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 report on Wednesday, April 23rd. 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 boosted their price objective on Xcel Energy from $72.00 to $73.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 22nd. Finally, Morgan Stanley set a $79.00 target price on Xcel Energy and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $76.00.
Check Out Our Latest Stock Analysis on XEL
Insider Transactions at Xcel Energy
In other Xcel Energy news, Director Devin W. Stockfish acquired 2,170 shares of the stock in a transaction dated 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 completion of the purchase, the director now owns 3,007 shares in the company, valued at $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 can be accessed through this link. Company insiders own 0.09% of the company's stock.
Xcel Energy Trading Up 0.1 %
Shares of NASDAQ XEL traded up $0.11 during mid-day trading on Friday, reaching $70.51. 1,388,188 shares of the company's stock were exchanged, compared to its average volume of 3,561,741. The company's 50-day moving average is $69.62 and its 200-day moving average is $68.23. 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 firm has a market capitalization of $40.66 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 2.62 and a beta of 0.39. Xcel Energy Inc. has a 52-week low of $51.97 and a 52-week high of $73.38.
Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its earnings results 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 return on equity of 10.65% and a net margin of 14.40%. The company had revenue of $3.91 billion for the quarter, compared to analysts' expectations of $3.93 billion. During the same period last year, the business earned $0.88 EPS. The company's quarterly revenue was up 7.0% compared to the same quarter last year. Analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.
Xcel Energy Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Sunday, April 20th. Shareholders of record on Friday, March 14th were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.23%. This is a boost from Xcel Energy's previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Friday, March 14th. Xcel Energy's dividend payout ratio is 67.06%.
About Xcel Energy
(
Free Report)
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.
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