Ilmarinen Mutual Pension Insurance Co Has $10.50 Million Position in Xcel Energy Inc. (NASDAQ:XEL)

Ilmarinen Mutual Pension Insurance Co boosted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 65.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 155,500 shares of the company's stock after purchasing an additional 61,500 shares during the period. Ilmarinen Mutual Pension Insurance Co's holdings in Xcel Energy were worth $10,499,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of XEL. Envestnet Asset Management Inc. grew its stake in Xcel Energy by 1.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,321,633 shares of the company's stock valued at $89,237,000 after acquiring an additional 23,341 shares in the last quarter. Oarsman Capital Inc. lifted its holdings in shares of Xcel Energy by 152.8% during the 4th quarter. Oarsman Capital Inc. now owns 8,272 shares of the company's stock valued at $559,000 after buying an additional 5,000 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in Xcel Energy in the fourth quarter valued at approximately $12,153,000. ExodusPoint Capital Management LP raised its holdings in shares of Xcel Energy by 12.7% during the 4th quarter. ExodusPoint Capital Management LP now owns 1,656,325 shares of the company's stock valued at $111,835,000 after purchasing an additional 186,347 shares in the last quarter. Finally, World Investment Advisors acquired a new stake in shares of Xcel Energy in the fourth quarter worth about $304,000. Institutional investors and hedge funds own 78.38% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. UBS Group increased their price target on Xcel Energy from $73.00 to $77.00 and gave the company a "neutral" rating in a report on Tuesday, April 1st. Morgan Stanley lifted their target price on shares of Xcel Energy from $75.00 to $78.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Barclays lifted 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. Wells Fargo & Company upped their price target on Xcel Energy from $72.00 to $75.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. raised shares of Xcel Energy from a "neutral" rating to an "overweight" rating and increased their price target for the company from $69.00 to $80.00 in a report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $73.00.

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Insider Buying and Selling at Xcel Energy

In other news, Director Devin W. Stockfish purchased 2,170 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $68.93 per share, with a total value of $149,578.10. Following the completion of the purchase, the director now directly 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.09% of the company's stock.

Xcel Energy Price Performance

XEL traded up $1.09 during trading on Friday, hitting $69.50. The company's stock had a trading volume of 1,004,554 shares, compared to its average volume of 3,591,109. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $39.93 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 2.62 and a beta of 0.39. The firm's 50 day moving average price is $69.05 and its two-hundred day moving average price is $67.60. Xcel Energy Inc. has a 12 month low of $51.97 and a 12 month high of $73.38.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly 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%. Sell-side analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 20th. Shareholders 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 is Friday, March 14th. This represents a $2.28 annualized dividend and a yield of 3.28%. Xcel Energy's dividend 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.