DRW Securities LLC Raises Stake in Xcel Energy Inc. (NASDAQ:XEL)

DRW Securities LLC raised its position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 566.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 173,600 shares of the company's stock after acquiring an additional 147,532 shares during the quarter. Xcel Energy makes up about 0.4% of DRW Securities LLC's holdings, making the stock its 28th largest holding. DRW Securities LLC's holdings in Xcel Energy were worth $11,721,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Sierra Ocean LLC acquired a new stake in shares of Xcel Energy in the 4th quarter worth $26,000. Fairway Wealth LLC purchased a new stake in shares of Xcel Energy in the fourth quarter valued at about $27,000. Crews Bank & Trust acquired a new stake in Xcel Energy during the fourth quarter worth about $34,000. MCF Advisors LLC raised its stake in Xcel Energy by 566.3% during the fourth quarter. MCF Advisors LLC now owns 593 shares of the company's stock worth $40,000 after purchasing an additional 504 shares during the period. Finally, First Financial Corp IN acquired a new position in Xcel Energy in the 4th quarter valued at about $46,000. Hedge funds and other institutional investors own 78.38% of the company's stock.

Xcel Energy Stock Performance

Shares of XEL stock traded up $0.90 during trading hours on Monday, reaching $70.46. 654,535 shares of the company's stock were exchanged, compared to its average volume of 3,593,878. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. The company's 50 day moving average is $69.09 and its two-hundred day moving average is $67.66. The company has a market cap of $40.48 billion, a P/E ratio of 20.48, a price-to-earnings-growth ratio of 2.62 and a beta of 0.39. Xcel Energy Inc. has a 1 year low of $51.97 and a 1 year high of $73.38.

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

Xcel Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 20th. Stockholders of record on Friday, March 14th will be given a $0.57 dividend. The ex-dividend date is Friday, March 14th. This is a positive change from Xcel Energy's previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a dividend yield of 3.24%. Xcel Energy's dividend payout ratio is currently 66.28%.

Analysts Set New Price Targets

Several analysts have recently commented on XEL shares. Wells Fargo & Company lifted 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. UBS Group upped their target price on shares of Xcel Energy from $73.00 to $77.00 and gave the company a "neutral" rating in a research report on Tuesday, April 1st. Barclays lifted their price target on shares of Xcel Energy from $69.00 to $72.00 and gave the company an "overweight" rating in a research report on Monday, March 31st. Finally, Morgan Stanley boosted their price objective on Xcel Energy from $75.00 to $78.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $73.00.

Insiders Place Their Bets

In other Xcel Energy news, Director Devin W. Stockfish acquired 2,170 shares of the stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average price of $68.93 per share, with a total value of $149,578.10. Following the completion of the transaction, the director now directly owns 3,007 shares in the company, valued at approximately $207,272.51. This trade represents a 259.26 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.09% of the stock is currently owned by company insiders.

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.