Invesco Ltd. boosted its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 9.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,678,448 shares of the company's stock after buying an additional 504,143 shares during the quarter. Invesco Ltd. owned approximately 0.99% of Xcel Energy worth $383,409,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Sierra Ocean LLC bought a new stake in Xcel Energy in the fourth quarter worth $26,000. Fairway Wealth LLC purchased a new position in Xcel Energy in the 4th quarter worth approximately $27,000. Crews Bank & Trust purchased a new stake in Xcel Energy during the 4th quarter valued at $34,000. MCF Advisors LLC increased 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 buying an additional 504 shares during the period. Finally, First Financial Corp IN purchased a new position in shares of Xcel Energy during the fourth quarter valued at about $46,000. Hedge funds and other institutional investors own 78.38% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the stock. Morgan Stanley upped their price objective 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. Wells Fargo & Company boosted their target price on Xcel Energy from $72.00 to $75.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. UBS Group upped their price target on shares of Xcel Energy from $73.00 to $77.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 1st. Finally, Barclays upped their target price 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. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $73.00.
Get Our Latest Analysis on XEL
Insider Transactions at Xcel Energy
In other Xcel Energy news, Director Devin W. Stockfish bought 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 transaction, the director now owns 3,007 shares of the company's stock, valued at approximately $207,272.51. The trade was a 259.26 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.09% of the company's stock.
Xcel Energy Price Performance
Shares of Xcel Energy stock traded down $0.05 during trading hours on Tuesday, reaching $70.68. The stock had a trading volume of 492,844 shares, compared to its average volume of 3,588,756. The stock's 50 day moving average is $69.15 and its 200 day moving average is $67.70. 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 $51.97 and a twelve month high of $73.38. The firm has a market capitalization of $40.71 billion, a PE ratio of 20.55, a PEG ratio of 2.62 and a beta of 0.39.
Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.81 EPS 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%. Equities analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.
Xcel Energy Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, April 20th. Investors of record on Friday, March 14th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.23%. This is a boost from Xcel Energy's previous quarterly dividend of $0.55. Xcel Energy's dividend payout ratio (DPR) is presently 66.28%.
Xcel Energy Profile
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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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