Xcel Energy Inc. (NASDAQ:XEL) Stock Holdings Lifted by Shelton Capital Management

Shelton Capital Management lifted its stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 10.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 80,198 shares of the company's stock after purchasing an additional 7,370 shares during the period. Shelton Capital Management's holdings in Xcel Energy were worth $5,415,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of XEL. Dakota Wealth Management increased 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 valued at $1,562,000 after purchasing an additional 151 shares during the last quarter. Rothschild Investment LLC grew its stake in shares of Xcel Energy by 26.0% in the 4th quarter. Rothschild Investment LLC now owns 731 shares of the company's stock valued at $49,000 after purchasing an additional 151 shares during the last quarter. GenTrust LLC increased its stake in shares of Xcel Energy by 4.5% during 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 period. Creative Financial Designs Inc. ADV raised its stake in shares of Xcel Energy by 23.2% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 827 shares of the company's stock worth $56,000 after buying an additional 156 shares in the last quarter. Finally, 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 valued at $427,000 after acquiring an additional 160 shares during the period. Hedge funds and other institutional investors own 78.38% of the company's stock.

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Insider Buying and Selling at Xcel Energy

In other news, Director Devin W. Stockfish acquired 2,170 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were bought at an average price of $68.93 per share, with a total value 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. This represents a 259.26 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.09% of the stock is owned by company insiders.

Xcel Energy Stock Performance

Shares of XEL traded up $0.89 during mid-day trading on Monday, hitting $70.45. The stock had a trading volume of 486,778 shares, compared to its average volume of 3,593,150. The company has a market cap of $40.48 billion, a PE ratio of 20.48, a PEG ratio of 2.62 and a beta of 0.39. Xcel Energy Inc. has a fifty-two week low of $51.97 and a fifty-two week high of $73.38. The company's fifty day simple moving average is $69.09 and its two-hundred day simple moving average is $67.66. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42.

Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.81 earnings per share 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 expect that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, April 20th. Shareholders 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 represents a $2.28 annualized dividend and a dividend yield of 3.24%. This is a positive change from Xcel Energy's previous quarterly dividend of $0.55. Xcel Energy's dividend payout ratio (DPR) is presently 66.28%.

Wall Street Analyst Weigh In

XEL has been the subject of several research reports. Barclays lifted their price objective on Xcel Energy from $69.00 to $72.00 and gave the stock an "overweight" rating in a report on Monday, March 31st. UBS Group boosted their price objective 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. Wells Fargo & Company upped their price target 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. Finally, Morgan Stanley lifted their target price on shares of Xcel Energy from $75.00 to $78.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Xcel Energy has an average rating of "Moderate Buy" and an average price target of $73.00.

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.