Xcel Energy Inc. (NASDAQ:XEL) Shares Sold by Swiss National Bank

Swiss National Bank lowered its stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,574,900 shares of the company's stock after selling 74,200 shares during the period. Swiss National Bank owned approximately 0.27% of Xcel Energy worth $106,337,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Dakota Wealth Management boosted its position in shares of Xcel Energy by 0.7% during the fourth quarter. Dakota Wealth Management now owns 23,130 shares of the company's stock valued at $1,562,000 after buying an additional 151 shares during the period. Rothschild Investment LLC boosted its position in shares of Xcel Energy by 26.0% during the fourth quarter. Rothschild Investment LLC now owns 731 shares of the company's stock valued at $49,000 after buying an additional 151 shares during the period. GenTrust LLC boosted its position in shares of Xcel Energy by 4.5% during the fourth quarter. GenTrust LLC now owns 3,602 shares of the company's stock valued at $243,000 after buying an additional 155 shares during the period. Integris Wealth Management LLC boosted its position in shares of Xcel Energy by 2.6% during the fourth quarter. Integris Wealth Management LLC now owns 6,323 shares of the company's stock valued at $427,000 after buying an additional 160 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Xcel Energy by 1.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 9,242 shares of the company's stock valued at $624,000 after buying 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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Analyst Upgrades and Downgrades

Several brokerages have issued reports on XEL. JPMorgan Chase & Co. upgraded Xcel Energy from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $69.00 to $80.00 in a research report on Thursday, December 12th. Morgan Stanley decreased their price target on shares of Xcel Energy from $74.00 to $72.00 and set an "equal weight" rating for the company in a research note on Friday, November 22nd. Wells Fargo & Company lifted their price target 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. 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. Finally, Barclays decreased their price target on shares of Xcel Energy from $71.00 to $69.00 and set an "overweight" rating for the company in a research note on Wednesday, January 22nd. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, Xcel Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $71.10.

Xcel Energy Stock Up 0.6 %

NASDAQ:XEL traded up $0.44 during trading hours on Monday, reaching $70.19. The company's stock had a trading volume of 1,384,843 shares, compared to its average volume of 3,652,620. The company has a market capitalization of $40.33 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 2.62 and a beta of 0.37. Xcel Energy Inc. has a 12 month low of $51.37 and a 12 month high of $73.38. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. The stock has a 50 day moving average price of $67.75 and a two-hundred day moving average price of $66.80.

Xcel Energy (NASDAQ:XEL - Get Free Report) last issued 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%. Equities analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current fiscal 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 issued a $0.57 dividend. 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 3.25%. The ex-dividend date is Friday, March 14th. Xcel Energy's payout ratio is currently 66.28%.

Insiders Place Their Bets

In other news, Director Devin W. Stockfish purchased 2,170 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were acquired at an average cost of $68.93 per share, with a total value of $149,578.10. Following the completion of the acquisition, the director now owns 3,007 shares of the company's stock, valued at $207,272.51. This trade represents a 259.26 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.09% of the company's stock.

Xcel Energy Company 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.