Xcel Energy Inc. (NASDAQ:XEL) Shares Acquired by Oarsman Capital Inc.

Oarsman Capital Inc. grew its stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 152.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,272 shares of the company's stock after purchasing an additional 5,000 shares during the period. Oarsman Capital Inc.'s holdings in Xcel Energy were worth $559,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Xcel Energy by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 73,831,988 shares of the company's stock worth $4,985,136,000 after purchasing an additional 953,002 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Xcel Energy by 5.6% in the fourth quarter. JPMorgan Chase & Co. now owns 19,291,149 shares of the company's stock worth $1,302,538,000 after purchasing an additional 1,022,194 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Xcel Energy by 15.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 17,613,239 shares of the company's stock valued at $1,189,246,000 after buying an additional 2,422,483 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Xcel Energy by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 15,178,956 shares of the company's stock worth $1,029,223,000 after acquiring an additional 616,853 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Xcel Energy by 19.9% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,573,894 shares of the company's stock valued at $443,869,000 after acquiring an additional 1,090,208 shares in the last quarter. Institutional investors own 78.38% of the company's stock.

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Insider Activity

In related news, Director Devin W. Stockfish purchased 2,170 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average price of $68.93 per share, with a total value of $149,578.10. Following the purchase, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.09% of the company's stock.

Xcel Energy Stock Performance

Shares of NASDAQ:XEL traded up $0.80 during trading on Friday, hitting $69.21. The stock had a trading volume of 823,589 shares, compared to its average volume of 3,590,214. The stock has a 50-day simple moving average of $69.05 and a two-hundred day simple moving average of $67.60. The stock has a market capitalization of $39.76 billion, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 2.62 and a beta of 0.39. Xcel Energy Inc. has a 12-month low of $51.97 and a 12-month high of $73.38. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42.

Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.81 earnings per share (EPS) 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%. On average, equities research analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 20th. Shareholders 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 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Friday, March 14th. Xcel Energy's dividend payout ratio (DPR) is presently 66.28%.

Analyst Upgrades and Downgrades

Several research analysts have commented on XEL shares. Wells Fargo & Company raised their price objective 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 boosted their price target on shares of Xcel Energy from $73.00 to $77.00 and gave the company a "neutral" rating in a report on Tuesday, April 1st. Morgan Stanley upped their price target on Xcel Energy from $75.00 to $78.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Barclays raised 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. Finally, JPMorgan Chase & Co. raised Xcel Energy from a "neutral" rating to an "overweight" rating and upped their target price for the company from $69.00 to $80.00 in a research report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $73.00.

Xcel Energy 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.