Corient Private Wealth LLC Trims Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

Corient Private Wealth LLC cut its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 14.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 134,128 shares of the company's stock after selling 22,543 shares during the quarter. Corient Private Wealth LLC's holdings in Xcel Energy were worth $9,056,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. State Street Corp raised its holdings in 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 last quarter. Brookfield Corp ON raised its holdings in 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 last quarter. Raymond James Financial Inc. acquired a new position in Xcel Energy during the fourth quarter worth $83,653,000. Reaves W H & Co. Inc. raised its holdings in shares of Xcel Energy by 440.2% in the fourth quarter. Reaves W H & Co. Inc. now owns 1,455,927 shares of the company's stock valued at $98,304,000 after purchasing an additional 1,186,427 shares during the last quarter. Finally, Burkehill Global Management LP bought a new position in shares of Xcel Energy during the fourth quarter valued at about $67,520,000. 78.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Morgan Stanley raised their price target on shares of Xcel Energy from $75.00 to $78.00 and gave the company an "equal weight" rating in a research report on Thursday. UBS Group raised their price target on shares of Xcel Energy from $70.00 to $73.00 and gave the company a "neutral" rating in a research report on Friday. Barclays dropped their price target on shares of Xcel Energy from $71.00 to $69.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. raised shares of Xcel Energy from a "neutral" rating to an "overweight" rating and raised their price target for the company from $69.00 to $80.00 in a research report on Thursday, December 12th. Finally, Wells Fargo & Company raised their price target on shares of Xcel Energy from $72.00 to $75.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $72.30.

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Insider Transactions at Xcel Energy

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 stock was purchased at an average price 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 approximately $207,272.51. This trade represents a 259.26 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.09% of the company's stock.

Xcel Energy Stock Performance

XEL stock traded down $0.98 during mid-day trading on Friday, hitting $69.11. The company had a trading volume of 6,689,184 shares, compared to its average volume of 3,308,396. The firm has a market cap of $39.71 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 2.62 and a beta of 0.37. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. Xcel Energy Inc. has a 12 month low of $51.58 and a 12 month high of $73.38. The stock's fifty day moving average price is $68.21 and its two-hundred day moving average price is $67.05.

Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.81 EPS for the quarter, missing the consensus estimate 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, analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, April 20th. Stockholders of record on Friday, March 14th will be paid a $0.57 dividend. This is an increase from Xcel Energy's previous quarterly dividend of $0.55. The ex-dividend date is 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 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.