6,645 Shares in Xcel Energy Inc. (NASDAQ:XEL) Acquired by CreativeOne Wealth LLC

CreativeOne Wealth LLC acquired a new stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,645 shares of the company's stock, valued at approximately $449,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of XEL. FMR LLC increased its stake in shares of Xcel Energy by 118.3% during the fourth quarter. FMR LLC now owns 6,608,044 shares of the company's stock worth $446,175,000 after buying an additional 3,581,436 shares during the period. Pictet Asset Management Holding SA raised its holdings in shares of Xcel Energy by 236.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 4,878,279 shares of the company's stock valued at $329,381,000 after buying an additional 3,429,353 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings 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 worth $1,189,246,000 after buying an additional 2,422,483 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Xcel Energy in the 4th quarter valued at about $83,653,000. Finally, Reaves W H & Co. Inc. raised its stake in Xcel Energy by 440.2% during the 4th quarter. Reaves W H & Co. Inc. now owns 1,455,927 shares of the company's stock valued at $98,304,000 after acquiring an additional 1,186,427 shares during the last quarter. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Xcel Energy

In related news, Director Devin W. Stockfish acquired 2,170 shares of Xcel Energy stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of $68.93 per share, for a total transaction of $149,578.10. Following the transaction, the director now directly owns 3,007 shares of the company's stock, valued at $207,272.51. This trade represents a 259.26 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.09% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on XEL shares. Wells Fargo & Company upped their price target on Xcel Energy from $72.00 to $75.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Morgan Stanley increased their price target on shares of Xcel Energy from $75.00 to $78.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Barclays boosted their target price on Xcel Energy from $72.00 to $73.00 and gave the stock an "overweight" rating in a research report on Tuesday. Finally, UBS Group boosted 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 research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Xcel Energy has an average rating of "Moderate Buy" and a consensus target price of $73.10.

Xcel Energy Trading Up 3.5 %

Shares of NASDAQ:XEL traded up $2.42 during trading on Tuesday, reaching $71.39. The stock had a trading volume of 5,161,790 shares, compared to its average volume of 3,598,695. The business has a fifty day moving average price of $69.47 and a 200-day moving average price of $67.90. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. Xcel Energy Inc. has a fifty-two week low of $51.97 and a fifty-two week high of $73.38. The stock has a market cap of $41.12 billion, a P/E ratio of 20.75, a PEG ratio of 2.62 and a beta of 0.39.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted 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, analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The company 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 represents a $2.28 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date was Friday, March 14th. This is an increase from Xcel Energy's previous quarterly dividend of $0.55. Xcel Energy's dividend payout ratio (DPR) is currently 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.