Bryce Point Capital LLC Purchases New Shares in Xcel Energy Inc. (NASDAQ:XEL)

Bryce Point Capital LLC acquired a new position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,552 shares of the company's stock, valued at approximately $510,000.

Several other large investors have also added to or reduced their stakes in the stock. Dakota Wealth Management lifted its holdings in shares of Xcel Energy by 0.7% in the fourth quarter. Dakota Wealth Management now owns 23,130 shares of the company's stock worth $1,562,000 after buying an additional 151 shares in the last quarter. Rothschild Investment LLC increased its holdings in Xcel Energy by 26.0% during the 4th quarter. Rothschild Investment LLC now owns 731 shares of the company's stock worth $49,000 after acquiring an additional 151 shares during the period. GenTrust LLC lifted its stake in Xcel Energy by 4.5% in the 4th quarter. GenTrust LLC now owns 3,602 shares of the company's stock worth $243,000 after purchasing an additional 155 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in Xcel Energy by 23.2% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 827 shares of the company's stock valued at $56,000 after purchasing an additional 156 shares during the period. Finally, Integris Wealth Management LLC grew its position in shares of Xcel Energy by 2.6% during the 4th quarter. Integris Wealth Management LLC now owns 6,323 shares of the company's stock valued at $427,000 after purchasing an additional 160 shares in the last quarter. Institutional investors own 78.38% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on XEL. Barclays lifted their price objective on Xcel Energy from $69.00 to $72.00 and gave the company an "overweight" rating in a research note on Monday, March 31st. JPMorgan Chase & Co. upgraded Xcel Energy from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $69.00 to $80.00 in a research report on Thursday, December 12th. Wells Fargo & Company upped their price objective on shares of Xcel Energy from $72.00 to $75.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. UBS Group raised their target price on shares of Xcel Energy from $73.00 to $77.00 and gave the company a "neutral" rating in a research note on Tuesday, April 1st. Finally, Morgan Stanley boosted their price target on shares of Xcel Energy from $75.00 to $78.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $73.00.

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Insiders Place Their Bets

In other Xcel Energy news, Director Devin W. Stockfish acquired 2,170 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average cost of $68.93 per share, for a total transaction of $149,578.10. Following 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.09% of the company's stock.

Xcel Energy Trading Up 2.3 %

NASDAQ XEL traded up $1.54 during trading on Wednesday, hitting $68.58. 6,516,989 shares of the company's stock traded hands, compared to its average volume of 3,599,979. The stock has a fifty day moving average of $69.03 and a two-hundred day moving average of $67.57. Xcel Energy Inc. has a 12-month low of $51.97 and a 12-month high of $73.38. The firm has a market cap of $39.40 billion, a P/E ratio of 19.94, a PEG ratio of 2.62 and a beta of 0.39. 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 (NASDAQ:XEL - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.06). Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. As a group, sell-side analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, April 20th. Shareholders of record on Friday, March 14th will be given a dividend of $0.57 per share. The ex-dividend date is Friday, March 14th. This represents a $2.28 annualized dividend and a yield of 3.32%. This is a boost from Xcel Energy's previous quarterly dividend of $0.55. Xcel Energy's dividend payout ratio is presently 66.28%.

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.