Enhancing Capital LLC purchased a new stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 15,500 shares of the company's stock, valued at approximately $1,047,000.
Several other hedge funds have also recently bought and sold shares of XEL. Sierra Ocean LLC purchased a new stake in shares of Xcel Energy during the fourth quarter valued at approximately $26,000. Fairway Wealth LLC purchased a new stake in shares of Xcel Energy during the fourth quarter valued at approximately $27,000. Crews Bank & Trust purchased a new stake in shares of Xcel Energy during the fourth quarter valued at approximately $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 purchasing an additional 504 shares during the period. Finally, First Financial Corp IN purchased a new stake in shares of Xcel Energy during the fourth quarter valued at approximately $46,000. Hedge funds and other institutional investors own 78.38% of the company's stock.
Insider Activity
In other news, Director Devin W. Stockfish purchased 2,170 shares of Xcel Energy stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price 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 in the company, valued at $207,272.51. The trade was a 259.26 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.09% of the company's stock.
Xcel Energy Stock Performance
Xcel Energy stock traded down $0.98 during mid-day trading on Friday, reaching $69.11. The company's stock had a trading volume of 6,689,184 shares, compared to its average volume of 3,308,413. The firm has a market cap of $39.71 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 2.62 and a beta of 0.37. The business has a 50 day moving average price of $68.21 and a 200-day moving average price of $67.02. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. Xcel Energy Inc. has a twelve month low of $51.58 and a twelve month high of $73.38.
Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.81 EPS 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%. 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 declared a quarterly dividend, which will be paid on Sunday, April 20th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.57 per share. This is an increase from Xcel Energy's previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.28 annualized dividend and a dividend yield of 3.30%. Xcel Energy's payout ratio is 66.28%.
Analyst Upgrades and Downgrades
XEL has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their price target on shares of Xcel Energy from $72.00 to $75.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. JPMorgan Chase & Co. upgraded shares of Xcel Energy from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $69.00 to $80.00 in a research note on Thursday, December 12th. Morgan Stanley lifted their price target on shares of Xcel Energy from $75.00 to $78.00 and gave the stock an "equal weight" rating in a research note on Thursday. Barclays dropped their price target on shares of Xcel Energy from $71.00 to $69.00 and set an "overweight" rating for the company in a research note on Wednesday, January 22nd. Finally, UBS Group lifted their price target on shares of Xcel Energy from $70.00 to $73.00 and gave the stock a "neutral" rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $72.30.
Check Out Our Latest Stock Analysis on Xcel Energy
About Xcel Energy
(
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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