Xcel Energy Inc. (NASDAQ:XEL) Shares Bought by Headlands Technologies LLC

Headlands Technologies LLC lifted its position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 39.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,188 shares of the company's stock after acquiring an additional 22,417 shares during the quarter. Xcel Energy accounts for about 0.5% of Headlands Technologies LLC's holdings, making the stock its 28th biggest position. Headlands Technologies LLC's holdings in Xcel Energy were worth $5,347,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Dakota Wealth Management raised its position in Xcel Energy by 0.7% during the fourth quarter. Dakota Wealth Management now owns 23,130 shares of the company's stock worth $1,562,000 after acquiring an additional 151 shares during the last quarter. Rothschild Investment LLC increased its stake in shares of Xcel Energy by 26.0% during the 4th quarter. Rothschild Investment LLC now owns 731 shares of the company's stock worth $49,000 after purchasing an additional 151 shares in the last quarter. GenTrust LLC raised its position in shares of Xcel Energy by 4.5% during the 4th quarter. GenTrust LLC now owns 3,602 shares of the company's stock worth $243,000 after purchasing an additional 155 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its stake in Xcel Energy by 23.2% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 827 shares of the company's stock valued at $56,000 after buying an additional 156 shares in the last quarter. Finally, Integris Wealth Management LLC grew its holdings in Xcel Energy by 2.6% during the 4th quarter. Integris Wealth Management LLC now owns 6,323 shares of the company's stock valued at $427,000 after buying an additional 160 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

XEL has been the topic of several recent research reports. JPMorgan Chase & Co. upgraded Xcel Energy from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $69.00 to $80.00 in a research report on Thursday, December 12th. Wells Fargo & Company boosted their target price 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. Barclays raised their price target on shares of Xcel Energy from $69.00 to $72.00 and gave the stock an "overweight" rating in a research note on Monday, March 31st. UBS Group boosted their price objective on shares of Xcel Energy from $73.00 to $77.00 and gave the company a "neutral" rating in a research report on Tuesday. Finally, Morgan Stanley raised their target price on shares of 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 equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $73.00.

Insider Transactions at Xcel Energy

In other Xcel Energy news, Director Devin W. Stockfish bought 2,170 shares of Xcel Energy stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average price of $68.93 per share, for a total transaction of $149,578.10. Following 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 acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.09% of the company's stock.

Xcel Energy Trading Down 5.9 %

NASDAQ:XEL traded down $4.25 during trading hours on Friday, reaching $67.89. 5,680,733 shares of the company were exchanged, compared to its average volume of 3,560,471. The firm has a market cap of $39.01 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 2.62 and a beta of 0.39. The stock has a 50 day simple moving average of $68.96 and a 200 day simple moving average of $67.47. Xcel Energy Inc. has a 52-week low of $51.97 and a 52-week high of $73.38. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82.

Xcel Energy (NASDAQ:XEL - Get Free Report) last issued 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 return on equity of 10.65% and a net margin of 14.40%. As a group, analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 20th. Stockholders of record on Friday, March 14th will be paid a $0.57 dividend. 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 3.36%. The ex-dividend date is Friday, March 14th. Xcel Energy's payout ratio 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.