Stifel Financial Corp Has $84.70 Million Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

Stifel Financial Corp cut its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,254,428 shares of the company's stock after selling 11,230 shares during the period. Stifel Financial Corp owned 0.22% of Xcel Energy worth $84,699,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Xcel Energy by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 73,831,988 shares of the company's stock valued at $4,985,136,000 after purchasing an additional 953,002 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Xcel Energy by 5.6% during the 4th quarter. JPMorgan Chase & Co. now owns 19,291,149 shares of the company's stock worth $1,302,538,000 after buying an additional 1,022,194 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Xcel Energy by 15.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 17,613,239 shares of the company's stock valued at $1,189,246,000 after acquiring an additional 2,422,483 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Xcel Energy by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 15,178,956 shares of the company's stock valued at $1,029,223,000 after acquiring an additional 616,853 shares during the period. Finally, FMR LLC boosted its stake in Xcel Energy by 118.3% during the 4th quarter. FMR LLC now owns 6,608,044 shares of the company's stock worth $446,175,000 after acquiring an additional 3,581,436 shares during the last quarter. Institutional investors own 78.38% of the company's stock.

Xcel Energy Stock Up 3.5 %

Shares of Xcel Energy stock opened at $71.39 on Wednesday. The firm has a market cap of $41.12 billion, a PE ratio of 20.75, a P/E/G ratio of 2.62 and a beta of 0.39. The business's 50 day simple moving average is $69.47 and its 200 day simple moving average is $67.90. 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 Inc. has a 52-week low of $51.97 and a 52-week high of $73.38.

Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its quarterly earnings data 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, analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, April 20th. Stockholders of record on Friday, March 14th were issued a $0.57 dividend. This is a boost from Xcel Energy's previous quarterly dividend of $0.55. The ex-dividend date was Friday, March 14th. This represents a $2.28 annualized dividend and a dividend yield of 3.19%. Xcel Energy's dividend payout ratio (DPR) is presently 66.28%.

Insider Activity at Xcel Energy

In other news, Director Devin W. Stockfish bought 2,170 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost 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 of the company's stock, valued at $207,272.51. This represents a 259.26 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.09% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have commented on XEL. Wells Fargo & Company upped their target price on shares of Xcel Energy from $72.00 to $75.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Morgan Stanley upped their price objective on shares of Xcel Energy from $75.00 to $78.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. Barclays raised their price objective on Xcel Energy from $72.00 to $73.00 and gave the stock an "overweight" rating in a research note on Tuesday. Finally, UBS Group boosted their target price on Xcel Energy from $73.00 to $77.00 and gave the company a "neutral" rating in a research note on Tuesday, April 1st. Three research 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, the company has an average rating of "Moderate Buy" and a consensus price target of $73.10.

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.

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