Envestnet Asset Management Inc. raised its stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,321,633 shares of the company's stock after acquiring an additional 23,341 shares during the quarter. Envestnet Asset Management Inc. owned about 0.23% of Xcel Energy worth $89,237,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Sierra Ocean LLC bought a new position in shares of Xcel Energy during the fourth quarter worth approximately $26,000. Fairway Wealth LLC bought a new position in Xcel Energy during the 4th quarter worth $27,000. Crews Bank & Trust bought a new position in Xcel Energy during the 4th quarter worth $34,000. MCF Advisors LLC lifted its holdings in shares of 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 buying an additional 504 shares in the last quarter. Finally, First Financial Corp IN bought a new stake in shares of Xcel Energy in the fourth quarter valued at about $46,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.
Xcel Energy Price Performance
Shares of Xcel Energy stock traded up $0.88 during trading on Monday, reaching $70.44. 435,695 shares of the company's stock were exchanged, compared to its average volume of 3,592,856. The firm's 50-day moving average price is $69.09 and its 200 day moving average price is $67.66. The company has a market cap of $40.47 billion, a P/E ratio of 20.48, a PEG ratio of 2.62 and a beta of 0.39. 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 1-year low of $51.97 and a 1-year high of $73.38.
Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its earnings results 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%. As a group, research analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current year.
Xcel Energy Increases Dividend
The business 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. The ex-dividend date of this dividend is Friday, March 14th. This is an increase 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 66.28%.
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 shares were bought at an average cost of $68.93 per share, for a total transaction of $149,578.10. Following the completion of the acquisition, the director now owns 3,007 shares in the company, valued at approximately $207,272.51. This trade represents a 259.26 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
XEL has been the topic of a number of recent research reports. Wells Fargo & Company raised their price target on shares of Xcel Energy from $72.00 to $75.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Morgan Stanley lifted 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, March 20th. UBS Group boosted their price target on Xcel Energy from $73.00 to $77.00 and gave the company a "neutral" rating in a research note on Tuesday, April 1st. Finally, Barclays raised their price objective on Xcel Energy from $69.00 to $72.00 and gave the stock an "overweight" rating in a research note on Monday, March 31st. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $73.00.
Check Out Our Latest Stock Report on XEL
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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