3,951 Shares in Xcel Energy Inc. (NASDAQ:XEL) Acquired by SageView Advisory Group LLC

SageView Advisory Group LLC acquired a new position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,951 shares of the company's stock, valued at approximately $267,000.

Other large investors also recently modified their holdings of the company. Sierra Ocean LLC acquired a new stake in shares of Xcel Energy during the fourth quarter worth $26,000. Fairway Wealth LLC acquired a new stake in Xcel Energy in the 4th quarter worth about $27,000. Crews Bank & Trust bought a new stake in Xcel Energy in the 4th quarter valued at about $34,000. MCF Advisors LLC grew its position in shares of Xcel Energy by 566.3% during the 4th quarter. MCF Advisors LLC now owns 593 shares of the company's stock worth $40,000 after purchasing an additional 504 shares in the last quarter. Finally, First Financial Corp IN bought a new position in shares of Xcel Energy during the fourth quarter worth approximately $46,000. 78.38% of the stock is owned by institutional investors.

Xcel Energy Price Performance

Xcel Energy stock traded down $1.27 during mid-day trading on Monday, reaching $68.87. The company had a trading volume of 494,911 shares, compared to its average volume of 3,573,493. The business has a fifty day simple moving average of $69.38 and a 200 day simple moving average of $67.84. The company has a market cap of $39.67 billion, a P/E ratio of 20.02, a P/E/G ratio of 2.62 and a beta of 0.39. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. Xcel Energy Inc. has a fifty-two week low of $51.97 and a fifty-two week high of $73.38.

Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. On average, equities research analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, April 20th. Shareholders of record on Friday, March 14th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.31%. This is a positive change from Xcel Energy's previous quarterly dividend of $0.55. The ex-dividend date was Friday, March 14th. Xcel Energy's payout ratio is presently 66.28%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on XEL shares. Barclays raised their price objective on Xcel Energy from $69.00 to $72.00 and gave the stock an "overweight" rating in a research note on Monday, March 31st. Morgan Stanley increased their price objective on shares of Xcel Energy from $75.00 to $78.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Wells Fargo & Company boosted their target price on shares of Xcel Energy from $72.00 to $75.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Finally, UBS Group upped their price target 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. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $73.00.

Insider Activity

In other news, Director Devin W. Stockfish bought 2,170 shares of the firm's stock in a transaction on 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 transaction, the director now owns 3,007 shares of the company's stock, valued at $207,272.51. This trade represents a 259.26 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.09% of the company's stock.

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.