Xcel Energy Inc. (NASDAQ:XEL) Shares Bought by Sourcerock Group LLC

Sourcerock Group LLC grew its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 400.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 163,445 shares of the company’s stock after purchasing an additional 130,756 shares during the period. Xcel Energy comprises about 0.8% of Sourcerock Group LLC’s holdings, making the stock its 26th biggest holding. Sourcerock Group LLC’s holdings in Xcel Energy were worth $11,036,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the company. Sierra Ocean LLC bought a new stake in shares of Xcel Energy in the 4th quarter valued at approximately $26,000. Fairway Wealth LLC bought a new position in shares of Xcel Energy during the 4th quarter worth about $27,000. Crews Bank & Trust acquired a new position in Xcel Energy in the 4th quarter valued at approximately $34,000. MCF Advisors LLC raised its stake in shares of Xcel Energy by 566.3% in the 4th quarter. MCF Advisors LLC now owns 593 shares of the company’s stock valued at $40,000 after buying an additional 504 shares in the last quarter. Finally, Rothschild Investment LLC lifted its stake in 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 purchasing an additional 151 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Stock Performance

Xcel Energy stock opened at $72.38 on Monday. The firm has a 50-day moving average of $69.73 and a 200-day moving average of $68.77. Xcel Energy Inc. has a 1-year low of $51.97 and a 1-year high of $73.38. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. The firm has a market cap of $41.75 billion, a P/E ratio of 21.04, a P/E/G ratio of 2.62 and a beta of 0.38.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.11). Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. The firm had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $3.93 billion. During the same quarter in the prior year, the firm earned $0.88 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. Sell-side analysts expect 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 paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 3.15%. The ex-dividend date was Friday, March 14th. This is an increase from Xcel Energy’s previous quarterly dividend of $0.55. Xcel Energy’s dividend payout ratio (DPR) is 67.06%.

Analyst Upgrades and Downgrades

XEL has been the topic of several research analyst reports. Barclays upped their price objective 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. BMO Capital Markets increased their price target on Xcel Energy from $69.00 to $73.00 and gave the company a “market perform” rating in a research note on Wednesday, April 23rd. UBS Group raised 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. Wells Fargo & Company set a $78.00 price target on Xcel Energy and gave the stock an “overweight” rating in a report on Friday, April 25th. Finally, Evercore ISI upped 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. Three research 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 has an average rating of “Moderate Buy” and an average price target of $76.00.

Insider Activity at Xcel Energy

In other Xcel Energy news, Director Devin W. Stockfish acquired 2,170 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was acquired 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 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 is available through this hyperlink. 0.09% of the stock is owned by corporate insiders.

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.