Xcel Energy Inc. (NASDAQ:XEL) Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 11.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 438,059 shares of the company's stock after acquiring an additional 45,189 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.08% of Xcel Energy worth $29,578,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of XEL. Sierra Ocean LLC acquired a new stake in Xcel Energy in the fourth quarter valued at about $26,000. Fairway Wealth LLC purchased a new position in shares of Xcel Energy during the 4th quarter worth approximately $27,000. Crews Bank & Trust acquired a new stake in shares of Xcel Energy in the 4th quarter valued at approximately $34,000. MCF Advisors LLC lifted its holdings in shares of Xcel Energy by 566.3% in the 4th quarter. MCF Advisors LLC now owns 593 shares of the company's stock valued at $40,000 after buying an additional 504 shares during the period. Finally, Rothschild Investment LLC boosted its stake 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 buying an additional 151 shares in the last quarter. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Evercore ISI raised their target price on Xcel Energy from $74.00 to $77.00 and gave the company an "outperform" rating in a report on Monday, April 28th. StockNews.com upgraded shares of Xcel Energy from a "sell" rating to a "hold" rating in a research note on Friday, May 2nd. UBS Group boosted their price objective on shares of Xcel Energy from $73.00 to $77.00 and gave the stock a "neutral" rating in a report on Tuesday, April 1st. BMO Capital Markets increased their target price on shares of Xcel Energy from $69.00 to $73.00 and gave the company a "market perform" rating in a report on Wednesday, April 23rd. Finally, Barclays boosted their price target on Xcel Energy from $72.00 to $73.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $76.00.

Insider Buying and Selling at Xcel Energy

In other Xcel Energy news, Director Devin W. Stockfish purchased 2,170 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost of $68.93 per share, for a total transaction of $149,578.10. Following the acquisition, the director now owns 3,007 shares of the company's stock, valued at approximately $207,272.51. The trade was a 259.26% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.09% of the stock is owned by insiders.

Xcel Energy Price Performance

Shares of XEL traded up $1.12 during mid-day trading on Friday, reaching $72.38. 7,152,902 shares of the company's stock were exchanged, compared to its average volume of 3,620,693. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. Xcel Energy Inc. has a 52-week low of $51.97 and a 52-week high of $73.38. The company has a market cap of $41.75 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 2.62 and a beta of 0.38. The company has a 50-day simple moving average of $69.73 and a two-hundred day simple moving average of $68.75.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly 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). The company had revenue of $3.91 billion for the quarter, compared to analysts' expectations of $3.93 billion. Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. The business's quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.88 EPS. On average, sell-side analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, April 20th. Investors of record on Friday, March 14th were paid a $0.57 dividend. This is an increase from Xcel Energy's previous quarterly dividend of $0.55. The ex-dividend date was Friday, March 14th. This represents a $2.28 annualized dividend and a yield of 3.15%. Xcel Energy's payout ratio is presently 67.06%.

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.