Tower Research Capital LLC TRC raised its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 106.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,769 shares of the company's stock after purchasing an additional 29,281 shares during the quarter. Tower Research Capital LLC TRC's holdings in Xcel Energy were worth $3,833,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sierra Ocean LLC bought a new position in Xcel Energy in the 4th quarter worth about $26,000. Fairway Wealth LLC purchased a new stake in shares of Xcel Energy in the fourth quarter worth about $27,000. Crews Bank & Trust bought a new position in shares of Xcel Energy in the fourth quarter valued at approximately $34,000. MCF Advisors LLC grew its stake in 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 acquiring an additional 504 shares in the last quarter. Finally, First Financial Corp IN bought a new stake in Xcel Energy during the 4th quarter worth approximately $46,000. Institutional investors own 78.38% of the company's stock.
Xcel Energy Price Performance
Shares of XEL stock traded down $1.29 during trading hours on Friday, hitting $69.00. 4,816,832 shares of the company's stock were exchanged, compared to its average volume of 3,603,462. The company has a market capitalization of $39.74 billion, a PE ratio of 20.06, a PEG 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 12-month low of $51.97 and a 12-month high of $73.38. The business's 50 day simple moving average is $69.58 and its 200-day simple moving average is $68.02.
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 the consensus estimate of $0.95 by ($0.11). Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. The business had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.93 billion. On average, equities research analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current year.
Xcel Energy Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Sunday, April 20th. Stockholders of record on Friday, March 14th were issued a $0.57 dividend. This is a boost from Xcel Energy's previous quarterly dividend of $0.55. The ex-dividend date was Friday, March 14th. This represents a $2.28 annualized dividend and a dividend yield of 3.30%. Xcel Energy's dividend payout ratio (DPR) is currently 67.06%.
Insider Buying and Selling
In other Xcel Energy news, Director Devin W. Stockfish bought 2,170 shares of Xcel Energy stock in a transaction dated Tuesday, March 11th. The shares were purchased 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 owns 3,007 shares of the company's stock, valued at approximately $207,272.51. This represents a 259.26 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.09% of the stock is owned by insiders.
Analyst Ratings Changes
A number of research firms have recently commented on XEL. BMO Capital Markets boosted 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 report on Wednesday. Barclays boosted their target price on Xcel Energy from $72.00 to $73.00 and gave the stock an "overweight" rating in a research report on Tuesday. Wells Fargo & Company lifted their price target on Xcel Energy from $72.00 to $75.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. UBS Group boosted their price objective on Xcel Energy from $73.00 to $77.00 and gave the stock a "neutral" rating in a report on Tuesday, April 1st. Finally, Morgan Stanley set a $79.00 target price on shares of Xcel Energy and gave the company an "outperform" rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, Xcel Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $73.18.
Get Our Latest Analysis on XEL
About Xcel Energy
(
Free Report)
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.
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