86,358 Shares in Xcel Energy Inc. (NASDAQ:XEL) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 86,358 shares of the company's stock, valued at approximately $5,831,000.

Several other large investors also recently bought and sold shares of the stock. Sierra Ocean LLC acquired a new position in shares of Xcel Energy during the fourth quarter worth about $26,000. Crews Bank & Trust acquired a new position in Xcel Energy during the 4th quarter worth approximately $34,000. MCF Advisors LLC increased its position in shares of Xcel Energy by 566.3% in the 4th quarter. MCF Advisors LLC now owns 593 shares of the company's stock valued at $40,000 after purchasing an additional 504 shares during the last quarter. First Financial Corp IN acquired a new stake in shares of Xcel Energy in the 4th quarter valued at $46,000. Finally, Rothschild Investment LLC lifted its position in shares of Xcel Energy by 26.0% during the 4th quarter. Rothschild Investment LLC now owns 731 shares of the company's stock worth $49,000 after purchasing an additional 151 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company's stock.

Xcel Energy Stock Performance

Shares of XEL traded down $0.12 during mid-day trading on Thursday, reaching $70.12. 1,714,243 shares of the company's stock were exchanged, compared to its average volume of 3,300,063. The business's fifty day simple moving average is $68.02 and its 200-day simple moving average is $66.94. The stock has a market capitalization of $40.29 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 2.62 and a beta of 0.37. Xcel Energy Inc. has a 52-week low of $51.58 and a 52-week high of $73.38. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82.

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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 return on equity of 10.65% and a net margin of 14.40%. On average, equities research analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Increases Dividend

The business 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. The ex-dividend date is Friday, March 14th. This is an increase from Xcel Energy's previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a yield of 3.25%. Xcel Energy's dividend payout ratio is currently 66.28%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. KeyCorp increased their target price on Xcel Energy from $74.00 to $79.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. Morgan Stanley increased their price objective on Xcel Energy from $75.00 to $78.00 and gave the company an "equal weight" rating in a report on Thursday. JPMorgan Chase & Co. upgraded Xcel Energy from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $69.00 to $80.00 in a research note on Thursday, December 12th. Barclays dropped their price target on shares of Xcel Energy from $71.00 to $69.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 22nd. Finally, Wells Fargo & Company boosted their price objective on shares of Xcel Energy from $72.00 to $75.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $71.70.

Insiders Place Their Bets

In other news, Director Devin W. Stockfish bought 2,170 shares of Xcel Energy stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of $68.93 per share, for a total transaction of $149,578.10. Following the purchase, the director now owns 3,007 shares of the company's stock, valued at approximately $207,272.51. The trade was a 259.26 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.09% of the stock is owned by 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.