268,308 Shares in Xcel Energy Inc. (NASDAQ:XEL) Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC bought a new stake in Xcel Energy Inc. (NASDAQ:XEL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 268,308 shares of the company’s stock, valued at approximately $18,116,000.

Other large investors also recently bought and sold shares of the company. Dakota Wealth Management grew its stake in Xcel Energy by 0.7% in the 4th quarter. Dakota Wealth Management now owns 23,130 shares of the company’s stock valued at $1,562,000 after acquiring an additional 151 shares during the last quarter. Rothschild Investment LLC lifted its holdings in shares of Xcel Energy by 26.0% in the fourth quarter. Rothschild Investment LLC now owns 731 shares of the company’s stock valued at $49,000 after purchasing an additional 151 shares in the last quarter. GenTrust LLC grew its position in shares of Xcel Energy by 4.5% in the fourth quarter. GenTrust LLC now owns 3,602 shares of the company’s stock valued at $243,000 after purchasing an additional 155 shares during the last quarter. Creative Financial Designs Inc. ADV increased 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 purchasing an additional 156 shares in the last quarter. Finally, Integris Wealth Management LLC raised its position in shares of Xcel Energy by 2.6% during the 4th quarter. Integris Wealth Management LLC now owns 6,323 shares of the company’s stock worth $427,000 after purchasing an additional 160 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Insider Buying and Selling

In related news, Director Devin W. Stockfish purchased 2,170 shares of Xcel Energy stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased 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 of the company’s stock, valued at approximately $207,272.51. The trade was a 259.26 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.09% of the stock is owned by corporate insiders.

Xcel Energy Stock Down 1.8 %

Shares of NASDAQ XEL opened at $69.00 on Friday. 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 stock has a market capitalization of $39.74 billion, a PE ratio of 20.06, a P/E/G ratio of 2.62 and a beta of 0.39. The firm has a fifty day moving average of $69.58 and a 200-day moving average of $68.02. Xcel Energy Inc. has a 52-week low of $51.97 and a 52-week high of $73.38.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.84 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.11). The firm had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.93 billion. Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. On average, analysts anticipate 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 was paid on Sunday, April 20th. Investors of record on Friday, March 14th were issued a dividend of $0.57 per share. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.28 annualized dividend and a dividend yield of 3.30%. Xcel Energy’s payout ratio is presently 67.06%.

Analysts Set New Price Targets

Several research firms have weighed in on XEL. BMO Capital Markets raised their price target on Xcel Energy from $69.00 to $73.00 and gave the stock a “market perform” rating in a research report on Wednesday. UBS Group lifted their price objective on Xcel Energy from $73.00 to $77.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 1st. 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 report on Friday, February 7th. StockNews.com upgraded shares of Xcel Energy from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Barclays upped their price objective on shares of Xcel Energy from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Xcel Energy has an average rating of “Moderate Buy” and a consensus target price of $73.18.

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.