Point72 Asset Management L.P. Has $123.52 Million Stake in Xcel Energy Inc. (NASDAQ:XEL)

Point72 Asset Management L.P. boosted its stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 187.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,829,425 shares of the company's stock after buying an additional 1,192,049 shares during the quarter. Point72 Asset Management L.P. owned approximately 0.32% of Xcel Energy worth $123,523,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Quantinno Capital Management LP grew its stake in Xcel Energy by 60.6% during the fourth quarter. Quantinno Capital Management LP now owns 141,942 shares of the company's stock worth $9,584,000 after buying an additional 53,557 shares during the last quarter. Mufg Securities Americas Inc. bought a new stake in Xcel Energy during the fourth quarter worth about $572,000. Nissay Asset Management Corp Japan ADV grew its stake in Xcel Energy by 9.1% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 203,776 shares of the company's stock worth $13,885,000 after buying an additional 17,041 shares during the last quarter. Nearwater Capital Markets Ltd bought a new stake in Xcel Energy during the fourth quarter worth about $13,096,000. Finally, NorthRock Partners LLC grew its stake in Xcel Energy by 42.9% during the fourth quarter. NorthRock Partners LLC now owns 20,187 shares of the company's stock worth $1,363,000 after buying an additional 6,063 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company's stock.

Insiders Place Their Bets

In other news, Director Devin W. Stockfish bought 2,170 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost of $68.93 per share, for a total transaction of $149,578.10. Following the completion of the acquisition, the director now owns 3,007 shares in the company, valued at approximately $207,272.51. This trade represents a 259.26% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.09% of the company's stock.

Xcel Energy Trading Up 1.6%

Shares of XEL stock traded up $1.12 during trading hours on Friday, reaching $72.38. The company had a trading volume of 7,152,902 shares, compared to its average volume of 3,620,693. The company has a 50 day moving average of $69.73 and a 200 day moving average of $68.75. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. The firm has a market cap of $41.75 billion, a price-to-earnings ratio of 21.04, a P/E/G ratio of 2.62 and a beta of 0.38. Xcel Energy Inc. has a 1-year low of $51.97 and a 1-year high of $73.38.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.84 earnings per share for the quarter, missing analysts' consensus estimates of $0.95 by ($0.11). The company had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.93 billion. Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. The business's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the company earned $0.88 EPS. On average, equities research analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Increases Dividend

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

Analyst Upgrades and Downgrades

XEL has been the topic of several research analyst reports. Wells Fargo & Company set a $78.00 price objective on shares of Xcel Energy and gave the stock an "overweight" rating in a research note on Friday, April 25th. BMO Capital Markets increased their price target on shares of Xcel Energy from $69.00 to $73.00 and gave the company a "market perform" rating in a research note on Wednesday, April 23rd. StockNews.com upgraded shares of Xcel Energy from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd. Barclays increased their price objective on Xcel Energy from $72.00 to $73.00 and gave the company an "overweight" rating in a research report on Tuesday, April 22nd. Finally, UBS Group lifted their target price on Xcel Energy from $73.00 to $77.00 and gave the company a "neutral" rating in a research note on Tuesday, April 1st. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $76.00.

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.