Xponance Inc. cut its position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 16.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,927 shares of the company's stock after selling 15,357 shares during the quarter. Xponance Inc.'s holdings in Xcel Energy were worth $5,329,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the company. Sierra Ocean LLC bought a new stake in Xcel Energy during the fourth quarter valued at $26,000. Fairway Wealth LLC acquired a new position in shares of Xcel Energy during the fourth quarter valued at about $27,000. Crews Bank & Trust bought a new position in shares of Xcel Energy during the 4th quarter worth about $34,000. MCF Advisors LLC grew 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 during the period. Finally, First Financial Corp IN bought a new position in Xcel Energy in the fourth quarter worth approximately $46,000. 78.38% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of Xcel Energy from $72.00 to $75.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. JPMorgan Chase & Co. upgraded Xcel Energy from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $69.00 to $80.00 in a research note on Thursday, December 12th. 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. Barclays lowered their price objective on shares of Xcel Energy from $71.00 to $69.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 22nd. Finally, 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. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, Xcel Energy presently has a consensus rating of "Moderate Buy" and an average target price of $72.30.
Read Our Latest Stock Report on Xcel Energy
Xcel Energy Trading Down 0.4 %
NASDAQ XEL traded down $0.25 during trading on Monday, hitting $68.86. 3,156,853 shares of the company's stock traded hands, compared to its average volume of 3,307,789. The stock has a fifty day moving average of $68.21 and a two-hundred day moving average of $67.08. Xcel Energy Inc. has a 12-month low of $51.58 and a 12-month high of $73.38. The firm has a market cap of $39.56 billion, a P/E ratio of 20.02, a PEG ratio of 2.62 and a beta of 0.37. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82.
Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its quarterly earnings results 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%. As a group, sell-side analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current year.
Xcel Energy Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Sunday, April 20th. Investors of record on Friday, March 14th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date is Friday, March 14th. This is an increase from Xcel Energy's previous quarterly dividend of $0.55. Xcel Energy's dividend payout ratio is currently 66.28%.
Insider Buying and Selling
In related news, Director Devin W. Stockfish acquired 2,170 shares of Xcel Energy 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 transaction, the director now owns 3,007 shares in the company, valued at $207,272.51. This trade 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 is available at this link. 0.09% of the stock is currently owned by insiders.
Xcel Energy 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.
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