Poinciana Advisors Group LLC Buys Shares of 4,524 Xcel Energy Inc. (NASDAQ:XEL)

Poinciana Advisors Group LLC acquired a new position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,524 shares of the company's stock, valued at approximately $305,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in XEL. State Street Corp increased its holdings in shares of Xcel Energy by 6.7% during the 3rd quarter. State Street Corp now owns 37,143,025 shares of the company's stock worth $2,445,477,000 after acquiring an additional 2,323,448 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Xcel Energy by 6.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 15,190,756 shares of the company's stock worth $991,956,000 after acquiring an additional 892,740 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Xcel Energy by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 14,562,103 shares of the company's stock worth $952,091,000 after acquiring an additional 262,191 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Xcel Energy by 0.3% during the 4th quarter. Bank of New York Mellon Corp now owns 3,777,002 shares of the company's stock worth $255,023,000 after acquiring an additional 11,529 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Xcel Energy by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,625,848 shares of the company's stock worth $244,817,000 after acquiring an additional 208,233 shares during the last quarter. Institutional investors own 78.38% of the company's stock.

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Xcel Energy Price Performance

Shares of XEL traded up $0.13 during trading hours on Monday, hitting $69.88. 1,752,228 shares of the company were exchanged, compared to its average volume of 3,657,157. The company has a market cap of $40.15 billion, a price-to-earnings ratio of 20.34, a P/E/G ratio of 2.62 and a beta of 0.37. Xcel Energy Inc. has a fifty-two week low of $51.37 and a fifty-two week 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. The firm's fifty day moving average is $67.75 and its 200 day moving average is $66.80.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its earnings results 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 return on equity of 10.65% and a net margin of 14.40%. On average, equities analysts anticipate 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. Investors of record on Friday, March 14th will be given a dividend of $0.57 per share. This is an increase from Xcel Energy's previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Friday, March 14th. Xcel Energy's dividend payout ratio is currently 66.28%.

Analyst Upgrades and Downgrades

XEL has been the topic of a number of research reports. Barclays decreased their price objective on Xcel Energy from $71.00 to $69.00 and set an "overweight" rating on the stock in a report on Wednesday, January 22nd. Morgan Stanley decreased their price objective on Xcel Energy from $74.00 to $72.00 and set an "equal weight" rating on the stock in a report on Friday, November 22nd. Wells Fargo & Company upped their price objective on Xcel Energy from $72.00 to $75.00 and gave the company an "overweight" rating in a report on Friday, February 7th. JPMorgan Chase & Co. raised Xcel Energy from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $69.00 to $80.00 in a report on Thursday, December 12th. Finally, KeyCorp upped their price objective on Xcel Energy from $74.00 to $79.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $71.10.

Insider Buying and Selling

In other Xcel Energy news, Director Devin W. Stockfish acquired 2,170 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of $68.93 per share, for a total transaction of $149,578.10. Following the transaction, the director now directly owns 3,007 shares in the company, valued at $207,272.51. This represents a 259.26 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, 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.