Dimensional Fund Advisors LP boosted its position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 4.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,916,787 shares of the company's stock after buying an additional 80,744 shares during the quarter. Dimensional Fund Advisors LP owned 0.33% of Xcel Energy worth $129,423,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also bought and sold shares of the company. Sierra Ocean LLC purchased a new stake in Xcel Energy in the fourth quarter worth $26,000. Fairway Wealth LLC bought a new stake in Xcel Energy during the 4th quarter valued at about $27,000. Crews Bank & Trust bought a new position in Xcel Energy in the 4th quarter worth about $34,000. MCF Advisors LLC raised its stake in shares of Xcel Energy by 566.3% during the fourth quarter. MCF Advisors LLC now owns 593 shares of the company's stock valued at $40,000 after acquiring an additional 504 shares in the last quarter. Finally, First Financial Corp IN purchased a new stake in shares of Xcel Energy in the fourth quarter valued at approximately $46,000. Institutional investors own 78.38% of the company's stock.
Xcel Energy Stock Performance
XEL stock traded up $0.58 during midday trading on Monday, reaching $69.58. The stock had a trading volume of 2,994,500 shares, compared to its average volume of 3,589,632. 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 firm has a fifty day simple moving average of $69.59 and a two-hundred day simple moving average of $68.15. The stock has a market cap of $40.08 billion, a PE ratio of 20.23, a P/E/G ratio of 2.62 and a beta of 0.39. Xcel Energy Inc. has a 52-week low of $51.97 and a 52-week high of $73.38.
Xcel Energy (NASDAQ:XEL - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.84 EPS for the quarter, missing analysts' consensus estimates of $0.95 by ($0.11). Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. The firm had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.93 billion. During the same period last year, the firm earned $0.88 EPS. The company's revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current year.
Xcel Energy Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Sunday, April 20th. Investors of record on Friday, March 14th were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 3.28%. 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 dividend payout ratio (DPR) is 67.06%.
Insider Activity at Xcel Energy
In related news, Director Devin W. Stockfish purchased 2,170 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost of $68.93 per share, with a total value of $149,578.10. Following the completion of the acquisition, the director now owns 3,007 shares of the company's stock, valued at $207,272.51. The trade was a 259.26 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.09% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
XEL has been the subject of a number of research analyst reports. StockNews.com upgraded Xcel Energy from a "sell" rating to a "hold" rating in a report on Saturday. BMO Capital Markets lifted their price objective on Xcel Energy from $69.00 to $73.00 and gave the company a "market perform" rating in a report on Wednesday, April 23rd. Wells Fargo & Company increased their price objective on shares of Xcel Energy from $72.00 to $75.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Evercore ISI boosted their price target on Xcel Energy from $74.00 to $77.00 and gave the stock an "outperform" rating in a research report on Monday. Finally, Barclays raised their price target on shares of Xcel Energy from $72.00 to $73.00 and gave the company an "overweight" rating in a report on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $74.82.
Check Out Our Latest Research Report on Xcel Energy
Xcel Energy Profile
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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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