Xcel Energy Inc. (NASDAQ:XEL) Shares Purchased by Scissortail Wealth Management LLC

Scissortail Wealth Management LLC raised its stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 91,125.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,649 shares of the company's stock after acquiring an additional 3,645 shares during the quarter. Scissortail Wealth Management LLC's holdings in Xcel Energy were worth $246,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of XEL. Hodges Capital Management Inc. increased its holdings in shares of Xcel Energy by 447.1% during the 4th quarter. Hodges Capital Management Inc. now owns 51,396 shares of the company's stock valued at $3,470,000 after purchasing an additional 42,001 shares in the last quarter. Atomi Financial Group Inc. acquired a new stake in Xcel Energy during the fourth quarter valued at $278,000. GEN Financial Management INC. purchased a new position in Xcel Energy in the fourth quarter valued at $301,000. Jones Financial Companies Lllp increased its holdings in Xcel Energy by 35.8% in the fourth quarter. Jones Financial Companies Lllp now owns 14,825 shares of the company's stock valued at $1,001,000 after buying an additional 3,905 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of Xcel Energy by 4.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 134,107 shares of the company's stock worth $9,055,000 after acquiring an additional 6,114 shares during the period. 78.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Xcel Energy

In related news, Director Devin W. Stockfish acquired 2,170 shares of Xcel Energy stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average price of $68.93 per share, for a total transaction of $149,578.10. Following the completion of the transaction, the director now owns 3,007 shares in the company, valued at $207,272.51. This represents a 259.26% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on XEL shares. BMO Capital Markets raised their target price on Xcel Energy from $69.00 to $73.00 and gave the company a "market perform" rating in a research report on Wednesday, April 23rd. Barclays increased their price target on Xcel Energy from $72.00 to $73.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 22nd. UBS Group raised their price objective on Xcel Energy from $73.00 to $77.00 and gave the company a "neutral" rating in a report on Tuesday, April 1st. Wells Fargo & Company set a $78.00 target price on Xcel Energy and gave the stock an "overweight" rating in a research note on Friday, April 25th. Finally, Evercore ISI increased their target price on Xcel Energy from $74.00 to $77.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. 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.com, the company has a consensus rating of "Moderate Buy" and an average target price of $76.00.

Xcel Energy Stock Performance

NASDAQ XEL opened at $72.38 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. Xcel Energy Inc. has a 1-year low of $51.97 and a 1-year high of $73.38. The company has a market cap of $41.75 billion, a PE ratio of 21.04, a price-to-earnings-growth ratio of 2.62 and a beta of 0.38. The stock's 50 day simple moving average is $69.73 and its 200-day simple moving average is $68.71.

Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its quarterly earnings data 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). Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. The firm had revenue of $3.91 billion during the quarter, compared to analysts' expectations of $3.93 billion. During the same quarter in the previous year, the business posted $0.88 EPS. The company's revenue for the quarter was up 7.0% on a year-over-year basis. As a group, equities research analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Increases Dividend

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.