Xcel Energy Inc. (NASDAQ:XEL) Shares Bought by National Bank of Canada FI

National Bank of Canada FI grew its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 0.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,242,557 shares of the company's stock after acquiring an additional 5,624 shares during the period. National Bank of Canada FI owned about 0.22% of Xcel Energy worth $83,939,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. HighPoint Advisor Group LLC raised its position in Xcel Energy by 3.9% during the 4th quarter. HighPoint Advisor Group LLC now owns 20,916 shares of the company's stock valued at $1,405,000 after purchasing an additional 778 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Xcel Energy by 11.3% during the fourth quarter. Franklin Resources Inc. now owns 5,436,205 shares of the company's stock valued at $367,053,000 after buying an additional 551,470 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in shares of Xcel Energy by 50.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 101,155 shares of the company's stock valued at $6,830,000 after acquiring an additional 33,891 shares in the last quarter. RWA Wealth Partners LLC lifted its stake in Xcel Energy by 3.5% in the fourth quarter. RWA Wealth Partners LLC now owns 5,155 shares of the company's stock worth $348,000 after acquiring an additional 176 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Xcel Energy by 19.9% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,573,894 shares of the company's stock worth $443,869,000 after acquiring an additional 1,090,208 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company's stock.

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Insider Activity at Xcel Energy

In other news, Director Devin W. Stockfish bought 2,170 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $68.93 per share, with a total value of $149,578.10. Following the completion of the acquisition, the director now directly owns 3,007 shares of the company's stock, valued at $207,272.51. This trade represents a 259.26 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.09% of the stock is owned by insiders.

Xcel Energy Stock Down 5.9 %

Xcel Energy stock traded down $4.25 during midday trading on Friday, reaching $67.89. The company's stock had a trading volume of 5,680,733 shares, compared to its average volume of 3,577,870. Xcel Energy Inc. has a 52-week low of $51.97 and a 52-week high of $74.31. The stock has a market capitalization of $39.01 billion, a P/E ratio of 19.74, a PEG ratio of 2.62 and a beta of 0.37. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. The stock's 50-day simple moving average is $68.93 and its 200-day simple moving average is $67.42.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.06). Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. On average, sell-side analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, April 20th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, March 14th. 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 3.36%. Xcel Energy's payout ratio is 66.28%.

Analysts Set New Price Targets

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

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.