Mackenzie Financial Corp Acquires 17,003 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Mackenzie Financial Corp raised its position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 10.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 179,348 shares of the company's stock after purchasing an additional 17,003 shares during the period. Mackenzie Financial Corp's holdings in Xcel Energy were worth $11,103,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quilter Plc acquired a new position in shares of Xcel Energy during the 1st quarter valued at about $255,201,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Xcel Energy during the 1st quarter valued at about $27,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Xcel Energy during the 4th quarter valued at about $25,000. Royal London Asset Management Ltd. acquired a new position in shares of Xcel Energy during the 3rd quarter valued at about $27,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Xcel Energy during the 3rd quarter valued at about $31,000. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Xcel Energy Stock Up 1.8 %

NASDAQ XEL traded up $0.96 on Friday, reaching $54.72. The company had a trading volume of 4,477,921 shares, compared to its average volume of 3,596,921. The firm has a market capitalization of $30.40 billion, a PE ratio of 17.05, a P/E/G ratio of 2.51 and a beta of 0.36. Xcel Energy Inc. has a 1 year low of $46.79 and a 1 year high of $71.32. The firm has a 50-day moving average of $54.16 and a 200-day moving average of $58.15. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.72 and a quick ratio of 0.59.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its earnings results on Thursday, January 25th. The company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.02). The business had revenue of $3.44 billion for the quarter, compared to analysts' expectations of $4.01 billion. Xcel Energy had a net margin of 12.47% and a return on equity of 10.78%. The business's quarterly revenue was down 15.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.69 earnings per share. On average, equities research analysts anticipate that Xcel Energy Inc. will post 3.56 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, April 20th. Investors of record on Friday, March 15th will be paid a dividend of $0.548 per share. The ex-dividend date of this dividend is Thursday, March 14th. This is a boost from Xcel Energy's previous quarterly dividend of $0.52. This represents a $2.19 annualized dividend and a yield of 4.01%. Xcel Energy's dividend payout ratio (DPR) is 68.22%.

Analysts Set New Price Targets

XEL has been the subject of a number of research analyst reports. KeyCorp dropped their price objective on shares of Xcel Energy from $68.00 to $65.00 and set an "overweight" rating for the company in a research note on Friday. StockNews.com downgraded shares of Xcel Energy from a "hold" rating to a "sell" rating in a research report on Saturday. Barclays raised shares of Xcel Energy from an "equal weight" rating to an "overweight" rating and dropped their target price for the stock from $61.00 to $54.00 in a research report on Monday, March 11th. JPMorgan Chase & Co. dropped their target price on shares of Xcel Energy from $68.00 to $59.00 and set a "neutral" rating for the company in a research report on Wednesday, March 13th. Finally, Wolfe Research raised shares of Xcel Energy from a "peer perform" rating to an "outperform" rating and set a $58.00 target price for the company in a research report on Monday, March 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $62.83.

Xcel Energy Company 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.