Lifelong Wealth Advisors Inc. bought a new position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 7,421 shares of the company's stock, valued at approximately $501,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new stake in Xcel Energy during the 4th quarter worth about $26,000. Fairway Wealth LLC purchased a new stake in Xcel Energy in the fourth quarter valued at approximately $27,000. Crews Bank & Trust purchased a new position in Xcel Energy during the 4th quarter worth approximately $34,000. MCF Advisors LLC boosted its holdings in shares of Xcel Energy by 566.3% in the 4th quarter. MCF Advisors LLC now owns 593 shares of the company's stock valued at $40,000 after acquiring an additional 504 shares during the last quarter. Finally, First Financial Corp IN acquired a new stake in shares of Xcel Energy in the fourth quarter worth $46,000. 78.38% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the company. UBS Group boosted their price objective on Xcel Energy from $73.00 to $77.00 and gave the company a "neutral" rating in a report on Tuesday, April 1st. Barclays upped their price objective on Xcel Energy from $69.00 to $72.00 and gave the stock an "overweight" rating in a research report on Monday, March 31st. Morgan Stanley raised 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. Finally, Wells Fargo & Company boosted their price objective on Xcel Energy from $72.00 to $75.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Three investment 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, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $73.00.
Read Our Latest Research Report on XEL
Xcel Energy Stock Performance
Shares of XEL traded up $1.03 during midday trading on Friday, reaching $70.13. 2,784,548 shares of the stock were exchanged, compared to its average volume of 3,589,283. The company has a market capitalization of $40.40 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 2.62 and a beta of 0.39. Xcel Energy Inc. has a twelve month low of $51.97 and a twelve month high of $73.38. The business's 50-day moving average price is $69.38 and its 200 day moving average price is $67.80. 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 released its 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%. On average, sell-side analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.
Xcel Energy Increases Dividend
The firm 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 $0.57 dividend. This is a boost from Xcel Energy's previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Friday, March 14th. Xcel Energy's dividend payout ratio (DPR) is currently 66.28%.
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 on Tuesday, March 11th. The stock was bought at an average price of $68.93 per share, for a total transaction of $149,578.10. Following the completion of the transaction, the director now owns 3,007 shares in the company, valued at approximately $207,272.51. The trade was a 259.26 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.09% of the company's stock.
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.
Featured Stories
Before you consider Xcel Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Xcel Energy wasn't on the list.
While Xcel Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
