Xcel Energy Inc. (NASDAQ:XEL) Shares Purchased by Scissortail Wealth Management LLC

Scissortail Wealth Management LLC boosted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 91,125.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 3,649 shares of the company’s stock after buying an additional 3,645 shares during the quarter. Scissortail Wealth Management LLC’s holdings in Xcel Energy were worth $246,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XEL. Sierra Ocean LLC acquired a new stake in shares of Xcel Energy during the 4th quarter worth about $26,000. Fairway Wealth LLC acquired a new position in Xcel Energy in the fourth quarter valued at about $27,000. Crews Bank & Trust purchased a new position in Xcel Energy during the fourth quarter worth about $34,000. MCF Advisors LLC increased its position in shares of Xcel Energy by 566.3% during the fourth quarter. MCF Advisors LLC now owns 593 shares of the company’s stock valued at $40,000 after acquiring an additional 504 shares during the last quarter. Finally, Rothschild Investment LLC increased 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 acquiring an additional 151 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on XEL shares. BMO Capital Markets increased their price objective on shares of Xcel Energy from $69.00 to $73.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 23rd. Barclays upped their price target on Xcel Energy from $72.00 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 22nd. StockNews.com upgraded Xcel Energy from a “sell” rating to a “hold” rating in a research report on Friday, May 2nd. Evercore ISI boosted their price objective on Xcel Energy from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Monday, April 28th. Finally, Wells Fargo & Company set a $78.00 target price on Xcel Energy and gave the stock an “overweight” rating in a research note on Friday, April 25th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $76.00.

Insider Activity

In related news, Director Devin W. Stockfish purchased 2,170 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average price of $68.93 per share, for a total transaction of $149,578.10. Following the acquisition, the director now directly owns 3,007 shares of the company’s stock, valued at $207,272.51. This trade represents a 259.26% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.09% of the company’s stock.

Xcel Energy Stock Up 1.6%

Shares of Xcel Energy stock opened at $72.38 on Friday. Xcel Energy Inc. has a one year low of $51.97 and a one year high of $73.38. The company has a market cap of $41.75 billion, a P/E ratio of 21.04, a PEG ratio of 2.62 and a beta of 0.38. 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 firm has a fifty day moving average of $69.73 and a two-hundred day moving average of $68.71.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.84 earnings per share (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 analysts’ expectations of $3.93 billion. Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.88 earnings per share. On average, analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, April 20th. Stockholders of record on Friday, March 14th were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.15%. This is an increase from Xcel Energy’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, March 14th. Xcel Energy’s dividend payout ratio is 67.06%.

About Xcel Energy

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.