Poinciana Advisors Group LLC Acquires New Position in Xcel Energy Inc. (NASDAQ:XEL)

Poinciana Advisors Group LLC bought a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,524 shares of the company's stock, valued at approximately $305,000.

Other large investors also recently modified their holdings of the company. Dakota Wealth Management grew its stake in Xcel Energy by 0.7% in the fourth quarter. Dakota Wealth Management now owns 23,130 shares of the company's stock worth $1,562,000 after purchasing an additional 151 shares in the last quarter. Rothschild Investment LLC lifted its holdings in Xcel Energy by 26.0% in the fourth quarter. Rothschild Investment LLC now owns 731 shares of the company's stock worth $49,000 after acquiring an additional 151 shares during the last quarter. GenTrust LLC lifted its holdings in Xcel Energy by 4.5% in the fourth quarter. GenTrust LLC now owns 3,602 shares of the company's stock worth $243,000 after acquiring an additional 155 shares during the last quarter. Integris Wealth Management LLC lifted its holdings in Xcel Energy by 2.6% in the fourth quarter. Integris Wealth Management LLC now owns 6,323 shares of the company's stock worth $427,000 after acquiring an additional 160 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Xcel Energy by 1.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 9,242 shares of the company's stock worth $624,000 after acquiring an additional 160 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Xcel Energy news, Director Devin W. Stockfish acquired 2,170 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of $68.93 per share, for a total transaction 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 approximately $207,272.51. This represents a 259.26 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.09% of the company's stock.

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Analyst Upgrades and Downgrades

A number of brokerages have issued reports on XEL. Barclays cut their target price on shares of Xcel Energy from $71.00 to $69.00 and set an "overweight" rating on the stock in a report on Wednesday, January 22nd. 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 report on Friday, February 7th. KeyCorp lifted their price target on shares of Xcel Energy from $74.00 to $79.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. upgraded shares of Xcel Energy from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $69.00 to $80.00 in a research report on Thursday, December 12th. Finally, Morgan Stanley lowered their price objective on shares of Xcel Energy from $74.00 to $72.00 and set an "equal weight" rating on the stock in a research report on Friday, November 22nd. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Xcel Energy currently has a consensus rating of "Moderate Buy" and an average target price of $71.10.

Xcel Energy Price Performance

Xcel Energy stock traded up $1.08 during trading hours on Friday, hitting $69.75. 4,170,726 shares of the stock were exchanged, compared to its average volume of 3,700,123. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. The stock has a market capitalization of $40.08 billion, a P/E ratio of 20.28, a P/E/G ratio of 2.62 and a beta of 0.37. Xcel Energy Inc. has a 12 month low of $51.37 and a 12 month high of $73.38. The business's 50-day moving average is $67.75 and its two-hundred day moving average is $66.80.

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 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%. Equities research analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The company 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 dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 3.27%. This is a boost from Xcel Energy's previous quarterly dividend of $0.55. The ex-dividend date is Friday, March 14th. Xcel Energy's dividend payout ratio is currently 66.28%.

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.