Xcel Energy Inc. (NASDAQ:XEL) Shares Bought by Cibc World Markets Corp

Cibc World Markets Corp raised its stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 16.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,594 shares of the company's stock after acquiring an additional 14,779 shares during the period. Cibc World Markets Corp's holdings in Xcel Energy were worth $6,927,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. State Street Corp boosted its stake in shares of Xcel Energy by 6.7% during the third quarter. State Street Corp now owns 37,143,025 shares of the company's stock worth $2,445,477,000 after buying an additional 2,323,448 shares during the period. Brookfield Corp ON boosted its stake in shares of Xcel Energy by 520.1% during the third quarter. Brookfield Corp ON now owns 2,509,031 shares of the company's stock worth $163,840,000 after buying an additional 2,104,405 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Xcel Energy during the fourth quarter worth about $83,653,000. Reaves W H & Co. Inc. boosted its stake in shares of Xcel Energy by 440.2% during the fourth quarter. Reaves W H & Co. Inc. now owns 1,455,927 shares of the company's stock worth $98,304,000 after buying an additional 1,186,427 shares during the period. Finally, Burkehill Global Management LP acquired a new stake in shares of Xcel Energy during the fourth quarter worth about $67,520,000. Institutional investors and hedge funds own 78.38% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. upgraded shares of Xcel Energy from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $69.00 to $80.00 in a research report on Thursday, December 12th. Morgan Stanley increased their target price on shares of Xcel Energy from $75.00 to $78.00 and gave the company an "equal weight" rating in a report on Thursday. Wells Fargo & Company increased their target price on shares of Xcel Energy from $72.00 to $75.00 and gave the company an "overweight" rating in a report on Friday, February 7th. KeyCorp increased their target price on shares of Xcel Energy from $74.00 to $79.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. Finally, Barclays dropped their target price on shares of Xcel Energy from $71.00 to $69.00 and set an "overweight" rating for the company in a report on Wednesday, January 22nd. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Xcel Energy has an average rating of "Moderate Buy" and an average price target of $71.70.

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Insiders Place Their Bets

In related news, Director Devin W. Stockfish purchased 2,170 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were bought at an average price of $68.93 per share, for a total transaction of $149,578.10. Following the acquisition, 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 acquisition was disclosed in a filing with the SEC, which is available at this link. 0.09% of the stock is owned by corporate insiders.

Xcel Energy Price Performance

Shares of XEL traded down $0.40 during mid-day trading on Thursday, reaching $69.85. 1,159,746 shares of the company's stock were exchanged, compared to its average volume of 3,296,569. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The company has a 50-day simple moving average of $68.02 and a two-hundred day simple moving average of $66.94. Xcel Energy Inc. has a 52-week low of $51.58 and a 52-week high of $73.38. The company has a market cap of $40.13 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 2.62 and a beta of 0.37.

Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. On average, sell-side analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, April 20th. Shareholders of record on Friday, March 14th will be paid a $0.57 dividend. This is a boost from Xcel Energy's previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend is Friday, March 14th. Xcel Energy's payout ratio is presently 66.28%.

Xcel Energy 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.