Xcel Energy Inc. (NASDAQ:XEL) Shares Bought by Picton Mahoney Asset Management

Picton Mahoney Asset Management raised its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 44.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,009 shares of the company’s stock after purchasing an additional 1,545 shares during the period. Picton Mahoney Asset Management’s holdings in Xcel Energy were worth $337,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Sierra Ocean LLC acquired a new position in Xcel Energy in the 4th quarter valued at $26,000. Fairway Wealth LLC purchased a new stake in shares of Xcel Energy during the fourth quarter worth $27,000. Crews Bank & Trust acquired a new stake in shares of Xcel Energy in the fourth quarter valued at about $34,000. MCF Advisors LLC lifted its stake in shares of Xcel Energy by 566.3% in the fourth quarter. MCF Advisors LLC now owns 593 shares of the company’s stock worth $40,000 after buying an additional 504 shares in the last quarter. Finally, First Financial Corp IN acquired a new position in Xcel Energy during the fourth quarter worth about $46,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. raised shares of Xcel Energy from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $69.00 to $80.00 in a research note on Thursday, December 12th. Wells Fargo & Company boosted their price objective on Xcel Energy from $72.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Morgan Stanley dropped their target price on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Barclays reduced their price target on Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a report on Wednesday, January 22nd. Finally, KeyCorp upped their price objective on shares of Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Xcel Energy currently has a consensus rating of “Moderate Buy” and an average target price of $71.10.

Xcel Energy Trading Up 1.6 %

Shares of XEL stock opened at $69.75 on Monday. Xcel Energy Inc. has a 1-year low of $51.37 and a 1-year high of $73.38. The firm has a market cap of $40.08 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 2.62 and a beta of 0.37. The company has a 50-day moving average of $67.75 and a two-hundred day moving average of $66.80. 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) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.06). Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. On average, analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 20th. Stockholders of record on Friday, March 14th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Xcel Energy’s previous quarterly dividend of $0.55. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.27%. Xcel Energy’s payout ratio is presently 66.28%.

Insider Activity at Xcel Energy

In other Xcel Energy news, Director Devin W. Stockfish bought 2,170 shares of the business’s 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 purchase, the director now directly owns 3,007 shares in the company, valued at approximately $207,272.51. This represents a 259.26 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.09% of the company’s stock.

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.