3,016 Shares in Xcel Energy Inc. (NASDAQ:XEL) Acquired by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC bought a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL) during the 4th quarter, Holdings Channel.com reports. The fund bought 3,016 shares of the company’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hodges Capital Management Inc. boosted its position in Xcel Energy by 447.1% during the 4th quarter. Hodges Capital Management Inc. now owns 51,396 shares of the company’s stock valued at $3,470,000 after acquiring an additional 42,001 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Xcel Energy by 7.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 189,954 shares of the company’s stock valued at $12,404,000 after acquiring an additional 12,477 shares in the last quarter. Atomi Financial Group Inc. bought a new stake in Xcel Energy during the 4th quarter valued at $278,000. Harvest Fund Management Co. Ltd boosted its position in Xcel Energy by 64.4% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 27,634 shares of the company’s stock valued at $1,805,000 after acquiring an additional 10,821 shares in the last quarter. Finally, GEN Financial Management INC. bought a new stake in Xcel Energy during the 4th quarter valued at $301,000. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Price Performance

NASDAQ:XEL opened at $69.96 on Tuesday. Xcel Energy Inc. has a 52 week low of $51.37 and a 52 week high of $73.38. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $40.20 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 2.62 and a beta of 0.37. The stock’s 50-day moving average price is $67.85 and its 200-day moving average price is $66.86.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Thursday, February 6th. The company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. As a group, equities analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, April 20th. Stockholders of record on Friday, March 14th will be given a dividend of $0.57 per share. The ex-dividend date 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 3.26%. Xcel Energy’s dividend payout ratio (DPR) is 66.28%.

Insider Buying and Selling

In other news, Director Devin W. Stockfish acquired 2,170 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average cost of $68.93 per share, for a total transaction of $149,578.10. Following the acquisition, the director now owns 3,007 shares in the company, valued at approximately $207,272.51. This represents a 259.26 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.09% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. JPMorgan Chase & Co. raised Xcel Energy from a “neutral” rating to an “overweight” rating and increased their target price for the company from $69.00 to $80.00 in a research report on Thursday, December 12th. Morgan Stanley decreased their price objective 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. Wells Fargo & Company raised their target price on Xcel Energy from $72.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Barclays reduced their target price on Xcel Energy from $71.00 to $69.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd. Finally, KeyCorp lifted their price objective on Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Xcel Energy has a consensus rating of “Moderate Buy” and an average price target of $71.10.

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.