Decade Renewable Partners LP bought a new position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 100,700 shares of the company's stock, valued at approximately $6,799,000. Xcel Energy comprises approximately 3.3% of Decade Renewable Partners LP's investment portfolio, making the stock its 11th largest position.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its position in Xcel Energy by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 73,831,988 shares of the company's stock valued at $4,985,136,000 after purchasing an additional 953,002 shares during the period. JPMorgan Chase & Co. raised its stake in shares of 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 purchasing an additional 1,022,194 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Xcel Energy by 15.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 17,613,239 shares of the company's stock valued at $1,189,246,000 after buying an additional 2,422,483 shares during the last quarter. Geode Capital Management LLC grew its holdings in Xcel Energy by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 15,178,956 shares of the company's stock worth $1,029,223,000 after buying an additional 616,853 shares in the last quarter. Finally, FMR LLC raised its position in Xcel Energy by 118.3% in the 4th quarter. FMR LLC now owns 6,608,044 shares of the company's stock valued at $446,175,000 after buying an additional 3,581,436 shares during the last quarter. Institutional investors own 78.38% of the company's stock.
Xcel Energy Stock Performance
NASDAQ:XEL opened at $69.00 on Monday. The firm has a market cap of $39.74 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 2.62 and a beta of 0.39. 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 business has a 50 day moving average price of $69.58 and a 200-day moving average price of $68.10. 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 released its quarterly earnings data 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 analysts' expectations of $3.93 billion. 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. Stockholders 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 3.30%. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from Xcel Energy's previous quarterly dividend of $0.55. Xcel Energy's payout ratio is 67.06%.
Insider Buying and Selling
In related news, Director Devin W. Stockfish purchased 2,170 shares of the stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average price of $68.93 per share, with a total value of $149,578.10. Following the transaction, the director now directly owns 3,007 shares in the company, valued at $207,272.51. This trade represents a 259.26 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.09% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
XEL has been the subject of several analyst reports. Morgan Stanley set a $79.00 price objective on shares of Xcel Energy and gave the company an "outperform" rating in a research note on Wednesday. Wells Fargo & Company raised their target price on Xcel Energy from $72.00 to $75.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Barclays upped their price target on Xcel Energy from $72.00 to $73.00 and gave the company an "overweight" rating in a research report on Tuesday, April 22nd. BMO Capital Markets boosted their price objective on Xcel Energy from $69.00 to $73.00 and gave the company a "market perform" rating in a research note on Wednesday, April 23rd. Finally, UBS Group increased their target price on shares of Xcel Energy from $73.00 to $77.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 1st. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Xcel Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $74.60.
Read Our Latest Stock Report 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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