Xcel Energy Inc. (NASDAQ:XEL) Shares Purchased by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. boosted its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 13.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,354 shares of the company’s stock after acquiring an additional 1,987 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Xcel Energy were worth $1,104,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC bought a new position in Xcel Energy during the 4th quarter valued at $26,000. Fairway Wealth LLC bought a new position in Xcel Energy during the 4th quarter valued at $27,000. Crews Bank & Trust bought a new position in Xcel Energy during the 4th quarter valued at $34,000. MCF Advisors LLC boosted its stake in Xcel Energy by 566.3% during the 4th quarter. MCF Advisors LLC now owns 593 shares of the company’s stock valued at $40,000 after purchasing an additional 504 shares in the last quarter. Finally, First Financial Corp IN bought a new position in Xcel Energy during the 4th quarter valued at $46,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Devin W. Stockfish acquired 2,170 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average price of $68.93 per share, for a total transaction of $149,578.10. Following the completion of the acquisition, the director now owns 3,007 shares of the company’s stock, valued at approximately $207,272.51. This represents a 259.26 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on XEL. StockNews.com upgraded Xcel Energy from a “sell” rating to a “hold” rating in a report on Saturday. UBS Group lifted their price target on Xcel Energy from $73.00 to $77.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 1st. 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, April 22nd. Evercore ISI upped their price objective on shares of Xcel Energy from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Wells Fargo & Company set a $78.00 price objective on shares of Xcel Energy and gave the company an “overweight” rating in a research note on Friday. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $75.09.

Xcel Energy Price Performance

Shares of XEL opened at $69.58 on Tuesday. The company has a market capitalization of $40.08 billion, a price-to-earnings ratio of 20.23, a P/E/G ratio of 2.62 and a beta of 0.39. Xcel Energy Inc. has a fifty-two week low of $51.97 and a fifty-two week high of $73.38. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. The business’s 50-day moving average is $69.59 and its 200-day moving average is $68.15.

Xcel Energy (NASDAQ:XEL) last issued its earnings results on Thursday, April 24th. The company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.11). The business had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.93 billion. Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. Xcel Energy’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 EPS. Equities research analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, April 20th. Investors of record on Friday, March 14th were issued a $0.57 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a yield of 3.28%. This is an increase from Xcel Energy’s previous quarterly dividend of $0.55. Xcel Energy’s dividend payout ratio is currently 67.06%.

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.