Quantinno Capital Management LP Increases Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

Quantinno Capital Management LP boosted its stake in Xcel Energy Inc. (NASDAQ:XEL) by 60.6% during the fourth quarter, HoldingsChannel reports. The firm owned 141,942 shares of the company’s stock after buying an additional 53,557 shares during the period. Quantinno Capital Management LP’s holdings in Xcel Energy were worth $9,584,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Dakota Wealth Management raised its stake in Xcel Energy by 0.7% in the fourth quarter. Dakota Wealth Management now owns 23,130 shares of the company’s stock valued at $1,562,000 after purchasing an additional 151 shares in the last quarter. Rothschild Investment LLC raised its stake in shares of Xcel Energy by 26.0% during the fourth quarter. Rothschild Investment LLC now owns 731 shares of the company’s stock worth $49,000 after acquiring an additional 151 shares in the last quarter. GenTrust LLC raised its stake in shares of Xcel Energy by 4.5% during the fourth quarter. GenTrust LLC now owns 3,602 shares of the company’s stock worth $243,000 after acquiring an additional 155 shares in the last quarter. Creative Financial Designs Inc. ADV raised its stake in shares of Xcel Energy by 23.2% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 827 shares of the company’s stock worth $56,000 after acquiring an additional 156 shares in the last quarter. Finally, Integris Wealth Management LLC raised its stake in shares of Xcel Energy by 2.6% during the fourth quarter. Integris Wealth Management LLC now owns 6,323 shares of the company’s stock worth $427,000 after acquiring an additional 160 shares in the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Xcel Energy

In related news, Director Devin W. Stockfish purchased 2,170 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired 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 directly owns 3,007 shares in the company, valued at approximately $207,272.51. The trade was a 259.26% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on XEL shares. Barclays lifted their price target on shares of Xcel Energy from $72.00 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 22nd. Wells Fargo & Company set a $78.00 price target on shares of Xcel Energy and gave the stock an “overweight” rating in a research note on Friday, April 25th. Evercore ISI lifted their price target on shares of Xcel Energy from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Monday, April 28th. UBS Group lifted their price target on shares of Xcel Energy from $73.00 to $77.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 1st. Finally, Morgan Stanley set a $79.00 price target on shares of Xcel Energy and gave the stock an “outperform” rating in a research note on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $76.00.

Xcel Energy Stock Up 3.6%

Shares of NASDAQ XEL opened at $71.26 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. Xcel Energy Inc. has a 52 week low of $51.97 and a 52 week high of $73.38. The firm’s fifty day moving average is $69.66 and its 200 day moving average is $68.65. The company has a market cap of $41.10 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 2.62 and a beta of 0.38.

Xcel Energy (NASDAQ:XEL) last issued its 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). Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. The firm had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.93 billion. During the same period in the previous year, the firm earned $0.88 earnings per share. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Increases Dividend

The business also recently declared 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 annualized dividend and a yield of 3.20%. This is a boost from Xcel Energy’s previous quarterly dividend of $0.55. Xcel Energy’s payout ratio is 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.