Focus Partners Wealth Has $3.74 Million Position in Xcel Energy Inc. (NASDAQ:XEL)

Focus Partners Wealth raised its holdings in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 68.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 55,397 shares of the company's stock after acquiring an additional 22,415 shares during the quarter. Focus Partners Wealth's holdings in Xcel Energy were worth $3,740,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Xcel Energy by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 73,831,988 shares of the company's stock worth $4,985,136,000 after buying an additional 953,002 shares during the period. Bank of America Corp DE raised its holdings in shares of Xcel Energy by 43.6% in the fourth quarter. Bank of America Corp DE now owns 20,762,745 shares of the company's stock valued at $1,401,901,000 after acquiring an additional 6,306,380 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Xcel Energy by 5.6% in the fourth quarter. JPMorgan Chase & Co. now owns 19,291,149 shares of the company's stock worth $1,302,538,000 after acquiring an additional 1,022,194 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Xcel Energy by 15.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 17,613,239 shares of the company's stock worth $1,189,246,000 after acquiring an additional 2,422,483 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Xcel Energy by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 15,178,956 shares of the company's stock valued at $1,029,223,000 after purchasing an additional 616,853 shares during the period. Hedge funds and other institutional investors own 78.38% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on XEL. Wells Fargo & Company set a $78.00 price objective on shares of Xcel Energy and gave the stock an "overweight" rating in a research report on Friday, April 25th. Evercore ISI raised their target price on shares of Xcel Energy from $74.00 to $77.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. BMO Capital Markets upped their price target on Xcel Energy from $69.00 to $73.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 23rd. StockNews.com raised Xcel Energy from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd. Finally, Morgan Stanley set a $79.00 target price on Xcel Energy and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, Xcel Energy presently has a consensus rating of "Moderate Buy" and an average price target of $76.00.

Insiders Place Their Bets

In other news, Director Devin W. Stockfish purchased 2,170 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost of $68.93 per share, for a total transaction of $149,578.10. Following the completion of the purchase, the director now directly owns 3,007 shares of the company's stock, valued at $207,272.51. The trade was a 259.26% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is currently owned by company insiders.

Xcel Energy Price Performance

XEL traded up $1.12 on Friday, hitting $72.38. 7,152,902 shares of the company were exchanged, compared to its average volume of 3,620,693. Xcel Energy Inc. has a fifty-two week low of $51.97 and a fifty-two week high of $73.38. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. The firm has a market capitalization of $41.75 billion, a P/E ratio of 21.04, a price-to-earnings-growth ratio of 2.62 and a beta of 0.38. The business's fifty day moving average is $69.73 and its 200 day moving average is $68.75.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $0.84 EPS for the quarter, missing analysts' consensus estimates of $0.95 by ($0.11). Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. The firm had revenue of $3.91 billion for the quarter, compared to analysts' expectations of $3.93 billion. During the same quarter in the previous year, the firm posted $0.88 earnings per share. The firm's revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, sell-side analysts anticipate 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. Shareholders of record on Friday, March 14th were issued a dividend of $0.57 per share. This is an increase from Xcel Energy's previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend was Friday, March 14th. Xcel Energy's dividend payout ratio (DPR) is 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.