Polymer Capital Management HK LTD Makes New $422,000 Investment in Xcel Energy Inc. (NASDAQ:XEL)

Polymer Capital Management HK LTD bought a new position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,243 shares of the company's stock, valued at approximately $422,000.

Other institutional investors also recently modified their holdings of the company. Sierra Ocean LLC bought a new stake in Xcel Energy in the 4th quarter valued at about $26,000. Fairway Wealth LLC acquired a new stake in shares of Xcel Energy in the fourth quarter valued at approximately $27,000. Crews Bank & Trust bought a new stake in shares of Xcel Energy in the fourth quarter valued at approximately $34,000. MCF Advisors LLC grew its position in Xcel Energy by 566.3% during the fourth quarter. MCF Advisors LLC now owns 593 shares of the company's stock worth $40,000 after buying an additional 504 shares in the last quarter. Finally, First Financial Corp IN bought a new position in Xcel Energy during the 4th quarter worth $46,000. Institutional investors own 78.38% of the company's stock.

Xcel Energy Trading Up 1.7 %

Xcel Energy stock traded up $1.15 during trading hours on Friday, hitting $69.56. The stock had a trading volume of 3,148,380 shares, compared to its average volume of 3,602,948. The business's 50 day simple moving average is $69.09 and its 200-day simple moving average is $67.63. Xcel Energy Inc. has a one year low of $51.97 and a one year high of $73.38. The stock has a market cap of $39.97 billion, a price-to-earnings ratio of 20.22, a P/E/G ratio of 2.62 and a beta of 0.39. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42.

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Xcel Energy (NASDAQ:XEL - Get Free Report) last issued 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%. On average, equities analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, April 20th. Stockholders of record on Friday, March 14th will be paid a $0.57 dividend. This is a boost from Xcel Energy's previous quarterly dividend of $0.55. The ex-dividend date is Friday, March 14th. This represents a $2.28 annualized dividend and a dividend yield of 3.28%. Xcel Energy's dividend payout ratio is presently 66.28%.

Wall Street Analysts Forecast Growth

XEL has been the topic of several analyst reports. Wells Fargo & Company increased 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. Barclays increased their price objective on shares of Xcel Energy from $69.00 to $72.00 and gave the stock an "overweight" rating in a research note on Monday, March 31st. UBS Group boosted their target price on shares of Xcel Energy from $73.00 to $77.00 and gave the company a "neutral" rating in a research report on Tuesday, April 1st. Finally, Morgan Stanley increased their price target on shares of Xcel Energy from $75.00 to $78.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. 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, Xcel Energy currently has an average rating of "Moderate Buy" and an average price target of $73.00.

Insider Transactions at Xcel Energy

In other news, Director Devin W. Stockfish acquired 2,170 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was bought at an average cost of $68.93 per share, for a total transaction of $149,578.10. Following the completion of 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is owned by corporate insiders.

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.