BROOKFIELD Corp ON Grows Stake in Xcel Energy Inc. (NASDAQ:XEL)

BROOKFIELD Corp ON grew its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 11.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,802,467 shares of the company's stock after purchasing an additional 293,436 shares during the quarter. Xcel Energy makes up 1.2% of BROOKFIELD Corp ON's investment portfolio, making the stock its 16th largest holding. BROOKFIELD Corp ON owned 0.49% of Xcel Energy worth $189,223,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Sierra Ocean LLC purchased a new stake in shares of Xcel Energy during the fourth quarter worth $26,000. Fairway Wealth LLC purchased a new stake in Xcel Energy during the 4th quarter worth about $27,000. Crews Bank & Trust bought a new position in Xcel Energy in the 4th quarter worth about $34,000. MCF Advisors LLC increased its position in shares of Xcel Energy by 566.3% during the fourth 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, First Financial Corp IN bought a new stake in shares of Xcel Energy during the fourth quarter valued at about $46,000. Hedge funds and other institutional investors own 78.38% of the company's stock.

Insider Buying and Selling

In other news, Director Devin W. Stockfish purchased 2,170 shares of Xcel Energy stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average cost of $68.93 per share, with a total value of $149,578.10. Following the completion of the purchase, the director now directly owns 3,007 shares in the company, valued at approximately $207,272.51. This trade represents a 259.26 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on XEL. StockNews.com raised shares of Xcel Energy from a "sell" rating to a "hold" rating in a report on Friday, May 2nd. Barclays increased their price objective on Xcel Energy from $72.00 to $73.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 22nd. Wells Fargo & Company set a $78.00 target price on Xcel Energy and gave the stock an "overweight" rating in a research report on Friday, April 25th. Morgan Stanley set a $79.00 target price on Xcel Energy and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. Finally, Evercore ISI boosted their price objective on Xcel Energy from $74.00 to $77.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $76.00.

Xcel Energy Trading Up 0.6 %

Shares of Xcel Energy stock traded up $0.39 on Friday, hitting $70.56. The stock had a trading volume of 2,479,332 shares, compared to its average volume of 3,563,183. 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 one year low of $51.97 and a one year high of $73.38. The stock's 50-day simple moving average is $69.60 and its two-hundred day simple moving average is $68.48. The stock has a market cap of $40.70 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 2.62 and a beta of 0.38.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.95 by ($0.11). The firm had revenue of $3.91 billion during the quarter, compared to analysts' expectations of $3.93 billion. Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. Xcel Energy's revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.88 EPS. As a group, sell-side analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, April 20th. Investors 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 dividend yield of 3.23%. The ex-dividend date was Friday, March 14th. This is an increase from Xcel Energy's previous quarterly dividend of $0.55. Xcel Energy's dividend payout ratio is currently 67.06%.

About Xcel Energy

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.