OneAscent Financial Services LLC Invests $257,000 in Xcel Energy Inc. (NASDAQ:XEL)

OneAscent Financial Services LLC bought a new position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,811 shares of the company's stock, valued at approximately $257,000.

A number of other large investors have also modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in Xcel Energy in the third quarter valued at about $127,000. Benjamin Edwards Inc. grew its holdings in shares of Xcel Energy by 48,200.0% during the third quarter. Benjamin Edwards Inc. now owns 16,422 shares of the company's stock valued at $1,072,000 after purchasing an additional 16,388 shares during the last quarter. Hilltop Holdings Inc. acquired a new stake in shares of Xcel Energy during the 3rd quarter worth approximately $230,000. Janus Henderson Group PLC lifted its holdings in shares of Xcel Energy by 1,265.6% in the 3rd quarter. Janus Henderson Group PLC now owns 839,146 shares of the company's stock worth $54,797,000 after purchasing an additional 777,696 shares during the last quarter. Finally, Investment Management Corp of Ontario grew its stake in Xcel Energy by 48.4% during the 3rd quarter. Investment Management Corp of Ontario now owns 18,394 shares of the company's stock worth $1,201,000 after buying an additional 6,000 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on XEL shares. Barclays lifted their price target on Xcel Energy from $69.00 to $72.00 and gave the company an "overweight" rating in a report on Monday, March 31st. UBS Group upped 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. JPMorgan Chase & Co. raised Xcel Energy from a "neutral" rating to an "overweight" rating and upped their price target for the company from $69.00 to $80.00 in a report on Thursday, December 12th. Wells Fargo & Company boosted their target price on Xcel Energy from $72.00 to $75.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Finally, Morgan Stanley increased their price target 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. Three research 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.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $73.00.

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Xcel Energy Price Performance

Shares of NASDAQ:XEL traded down $0.93 during midday trading on Thursday, reaching $67.66. 1,021,389 shares of the company's stock were exchanged, compared to its average volume of 3,590,055. The firm has a market capitalization of $38.87 billion, a PE ratio of 19.62, a price-to-earnings-growth ratio of 2.62 and a beta of 0.39. The company's 50 day simple moving average is $69.03 and its two-hundred day simple moving average is $67.57. Xcel Energy Inc. has a 12 month low of $51.97 and a 12 month high of $73.38. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly 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%. 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 paid 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 yield of 3.37%. Xcel Energy's dividend payout ratio (DPR) is presently 66.28%.

Insiders Place Their Bets

In other Xcel Energy news, Director Devin W. Stockfish bought 2,170 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of $68.93 per share, with a total value of $149,578.10. Following the purchase, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.09% of the company's stock.

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.