Harbour Investments Inc. raised its stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 18.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,690 shares of the company's stock after purchasing an additional 3,595 shares during the period. Harbour Investments Inc.'s holdings in Xcel Energy were worth $1,532,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sierra Ocean LLC bought a new stake in shares of Xcel Energy during the fourth quarter valued at approximately $26,000. Fairway Wealth LLC acquired a new stake in Xcel Energy during the fourth quarter worth $27,000. Crews Bank & Trust bought a new stake in Xcel Energy in the 4th quarter valued at $34,000. MCF Advisors LLC raised its stake 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 buying an additional 504 shares in the last quarter. Finally, First Financial Corp IN bought a new position in shares of Xcel Energy during the 4th quarter worth about $46,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on XEL shares. Barclays lowered their target price 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. KeyCorp upped their price objective on Xcel Energy from $74.00 to $79.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. Morgan Stanley raised their target price on Xcel Energy from $75.00 to $78.00 and gave the stock an "equal weight" rating in a research report on Thursday. UBS Group boosted their price target on Xcel Energy from $70.00 to $73.00 and gave the company a "neutral" rating in a research note on Friday. Finally, JPMorgan Chase & Co. upgraded 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. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $72.30.
View Our Latest Stock Report on XEL
Xcel Energy Trading Down 1.4 %
Shares of Xcel Energy stock traded down $0.98 during trading on Friday, reaching $69.11. 6,689,184 shares of the company were exchanged, compared to its average volume of 3,308,413. Xcel Energy Inc. has a twelve month low of $51.58 and a twelve month high of $73.38. The business has a 50-day moving average price of $68.21 and a 200-day moving average price of $67.02. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $39.71 billion, a price-to-earnings ratio of 20.09, a P/E/G ratio of 2.62 and a beta of 0.37.
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%. Sell-side analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.
Xcel Energy Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, April 20th. Stockholders of record on Friday, March 14th will be given a dividend of $0.57 per share. This is an increase from Xcel Energy's previous quarterly dividend of $0.55. The ex-dividend date is Friday, March 14th. This represents a $2.28 annualized dividend and a dividend yield of 3.30%. Xcel Energy's dividend payout ratio is currently 66.28%.
Insider Activity at Xcel Energy
In other news, Director Devin W. Stockfish bought 2,170 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average price of $68.93 per share, with a total value of $149,578.10. Following the transaction, the director now owns 3,007 shares in the company, valued at $207,272.51. This represents a 259.26 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by insiders.
Xcel Energy Company Profile
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Free Report)
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.
Further Reading
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