Sei Investments Co. Has $82.74 Million Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

Sei Investments Co. grew its position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,225,361 shares of the company's stock after purchasing an additional 22,424 shares during the period. Sei Investments Co. owned about 0.21% of Xcel Energy worth $82,737,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp raised its holdings in shares of Xcel Energy by 6.7% during the third 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 period. Brookfield Corp ON increased its holdings in Xcel Energy by 520.1% during the 3rd quarter. Brookfield Corp ON now owns 2,509,031 shares of the company's stock worth $163,840,000 after purchasing an additional 2,104,405 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Xcel Energy in the 4th quarter valued at about $83,653,000. Reaves W H & Co. Inc. lifted its holdings in shares of Xcel Energy by 440.2% in the fourth quarter. Reaves W H & Co. Inc. now owns 1,455,927 shares of the company's stock valued at $98,304,000 after purchasing an additional 1,186,427 shares in the last quarter. Finally, Burkehill Global Management LP acquired a new position in shares of Xcel Energy during the fourth quarter worth about $67,520,000. 78.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on XEL shares. UBS Group upped their price target on Xcel Energy from $70.00 to $73.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Wells Fargo & Company increased their target price on shares of 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 company an "overweight" rating in a research note on Wednesday, December 4th. JPMorgan Chase & Co. upgraded shares of Xcel Energy from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $69.00 to $80.00 in a research note on Thursday, December 12th. Finally, Barclays lowered their target price on Xcel Energy from $71.00 to $69.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 22nd. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Xcel Energy presently has an average rating of "Moderate Buy" and a consensus price target of $72.30.

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Insider Buying and Selling at Xcel Energy

In related news, Director Devin W. Stockfish bought 2,170 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $68.93 per share, with a total value of $149,578.10. Following the completion of the purchase, the director now 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 document filed with the SEC, which is available through this link. Company insiders own 0.09% of the company's stock.

Xcel Energy Stock Performance

Shares of XEL stock traded up $0.40 during midday trading on Thursday, hitting $69.32. 3,870,700 shares of the company were exchanged, compared to its average volume of 3,308,224. Xcel Energy Inc. has a 52 week low of $51.97 and a 52 week high of $73.38. The firm has a market capitalization of $39.83 billion, a P/E ratio of 20.15, a PEG ratio of 2.62 and a beta of 0.37. The firm's 50 day moving average price is $68.47 and its two-hundred day moving average price is $67.16. 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 posted its earnings results on Thursday, February 6th. The company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. As a group, equities research analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current 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 paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Xcel Energy's previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a yield of 3.29%. Xcel Energy's dividend payout ratio (DPR) is 66.28%.

About Xcel Energy

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.