Xcel Energy Inc. (NASDAQ:XEL) Shares Acquired by Harbour Investments Inc.

Harbour Investments Inc. increased its position in Xcel Energy Inc. (NASDAQ:XEL) by 18.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,690 shares of the company’s stock after buying an additional 3,595 shares during the quarter. Harbour Investments Inc.’s holdings in Xcel Energy were worth $1,532,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Dakota Wealth Management lifted its holdings in shares of Xcel Energy by 0.7% during 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 during the last quarter. Rothschild Investment LLC lifted its holdings 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 purchasing an additional 151 shares during the last quarter. GenTrust LLC lifted its holdings in shares of Xcel Energy by 4.5% during the fourth quarter. GenTrust LLC now owns 3,602 shares of the company’s stock valued at $243,000 after purchasing an additional 155 shares during the last quarter. Integris Wealth Management LLC lifted its holdings 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 valued at $427,000 after purchasing an additional 160 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Xcel Energy by 1.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 9,242 shares of the company’s stock valued at $624,000 after purchasing an additional 160 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Xcel Energy

In related news, Director Devin W. Stockfish purchased 2,170 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of $68.93 per share, for a total transaction of $149,578.10. Following the purchase, the director now owns 3,007 shares in the company, valued at $207,272.51. The trade was a 259.26 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.09% of the stock is currently owned by corporate insiders.

Xcel Energy Stock Performance

Shares of XEL stock opened at $70.28 on Wednesday. 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 Inc. has a fifty-two week low of $51.58 and a fifty-two week high of $73.38. The stock’s 50-day moving average is $67.94 and its two-hundred day moving average is $66.92. The firm has a market cap of $40.38 billion, a P/E ratio of 20.43, a PEG ratio of 2.62 and a beta of 0.37.

Xcel Energy (NASDAQ:XEL) last issued its earnings results on Thursday, February 6th. The company reported $0.81 earnings per share 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%. Analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, April 20th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Xcel Energy’s previous quarterly dividend of $0.55. Xcel Energy’s dividend payout ratio is 66.28%.

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.