LPL Financial LLC Acquires 99,389 Shares of Xcel Energy Inc. (NASDAQ:XEL)

LPL Financial LLC boosted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 7.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,384,768 shares of the company's stock after buying an additional 99,389 shares during the period. LPL Financial LLC owned approximately 0.24% of Xcel Energy worth $93,500,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Dakota Wealth Management grew its holdings 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 buying an additional 151 shares in the last quarter. Rothschild Investment LLC boosted its holdings in 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 acquiring an additional 151 shares during the last quarter. GenTrust LLC grew its stake in shares of Xcel Energy by 4.5% in the 4th quarter. GenTrust LLC now owns 3,602 shares of the company's stock worth $243,000 after acquiring an additional 155 shares in the last quarter. Creative Financial Designs Inc. ADV raised its holdings in shares of Xcel Energy by 23.2% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 827 shares of the company's stock valued at $56,000 after purchasing an additional 156 shares during the last quarter. Finally, Integris Wealth Management LLC lifted its position in shares of Xcel Energy by 2.6% during the fourth quarter. Integris Wealth Management LLC now owns 6,323 shares of the company's stock valued at $427,000 after purchasing an additional 160 shares in the last quarter. 78.38% of the stock is owned by institutional investors.

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Insider Activity

In other news, Director Devin W. Stockfish acquired 2,170 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was bought at an average cost 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 of the company's stock, valued at $207,272.51. The trade was a 259.26 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.09% of the stock is owned by company insiders.

Xcel Energy Stock Performance

Shares of XEL stock traded up $0.40 on Friday, hitting $69.72. 3,533,466 shares of the stock were exchanged, compared to its average volume of 3,589,039. The firm's 50 day moving average is $68.59 and its two-hundred day moving average is $67.25. Xcel Energy Inc. has a one year low of $51.97 and a one year high of $73.38. The firm has a market capitalization of $40.06 billion, a PE ratio of 20.27, a P/E/G ratio of 2.62 and a beta of 0.37. 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 (NASDAQ:XEL - Get Free Report) last posted 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%. Sell-side 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 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 positive change from Xcel Energy's previous quarterly dividend of $0.55. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date is Friday, March 14th. Xcel Energy's dividend payout ratio (DPR) is presently 66.28%.

Analysts Set New Price Targets

A number of brokerages have issued reports on XEL. JPMorgan Chase & Co. raised shares of Xcel Energy from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $69.00 to $80.00 in a research report on Thursday, December 12th. KeyCorp increased their price target on Xcel Energy from $74.00 to $79.00 and gave the company an "overweight" rating in a research report on Wednesday, December 4th. UBS Group boosted their price objective on Xcel Energy from $70.00 to $73.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Morgan Stanley upped their price objective on Xcel Energy from $75.00 to $78.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. Finally, Barclays lowered their target price on Xcel Energy from $71.00 to $69.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 22nd. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $72.30.

Xcel Energy Company Profile

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.