Nicollet Investment Management Inc. Has $568,000 Stake in Xcel Energy Inc. (NASDAQ:XEL)

Nicollet Investment Management Inc. lifted its holdings in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 92.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,415 shares of the company's stock after purchasing an additional 4,051 shares during the period. Nicollet Investment Management Inc.'s holdings in Xcel Energy were worth $568,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of XEL. Townsquare Capital LLC grew its holdings in Xcel Energy by 2.4% during the third quarter. Townsquare Capital LLC now owns 28,180 shares of the company's stock valued at $1,840,000 after purchasing an additional 664 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of Xcel Energy by 11.0% during the 3rd quarter. Captrust Financial Advisors now owns 99,372 shares of the company's stock worth $6,489,000 after buying an additional 9,821 shares during the period. Edgestream Partners L.P. acquired a new position in Xcel Energy in the 3rd quarter valued at $1,219,000. Point72 Hong Kong Ltd bought a new position in Xcel Energy in the 3rd quarter worth $647,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Xcel Energy in the 3rd quarter worth $127,000. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Stock Performance

XEL traded up $1.24 during trading on Thursday, reaching $72.14. 3,572,202 shares of the company's stock were exchanged, compared to its average volume of 3,571,687. The company has a market capitalization of $41.45 billion, a P/E ratio of 20.97, a PEG ratio of 2.62 and a beta of 0.37. 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 business has a 50 day moving average price of $68.81 and a 200 day moving average price of $67.39. Xcel Energy Inc. has a fifty-two week low of $51.97 and a fifty-two week high of $73.38.

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Xcel Energy (NASDAQ:XEL - Get Free Report) last issued 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 net margin of 14.40% and a return on equity of 10.65%. As a group, analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The business also recently announced 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. The ex-dividend date is Friday, March 14th. This is a boost 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 3.16%. Xcel Energy's dividend payout ratio is presently 66.28%.

Analyst Ratings Changes

XEL has been the subject of a number of recent analyst reports. KeyCorp upped their price target on shares of Xcel Energy from $74.00 to $79.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. Morgan Stanley raised their target price on Xcel Energy from $75.00 to $78.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. Wells Fargo & Company lifted their price target on Xcel Energy from $72.00 to $75.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. JPMorgan Chase & Co. upgraded shares of Xcel Energy from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $69.00 to $80.00 in a research note on Thursday, December 12th. Finally, Barclays boosted their target price on shares of Xcel Energy from $69.00 to $72.00 and gave the stock an "overweight" rating in a research report on Monday. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $73.00.

Insider Buying and Selling

In other news, Director Devin W. Stockfish bought 2,170 shares of the 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 acquisition, the director now owns 3,007 shares in the company, valued at $207,272.51. This trade represents a 259.26 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.09% of the stock is owned by corporate insiders.

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.