Oarsman Capital Inc. Has $559,000 Position in Xcel Energy Inc. (NASDAQ:XEL)

Oarsman Capital Inc. lifted its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 152.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,272 shares of the company’s stock after purchasing an additional 5,000 shares during the period. Oarsman Capital Inc.’s holdings in Xcel Energy were worth $559,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sierra Ocean LLC bought a new stake in Xcel Energy in the fourth quarter valued at approximately $26,000. Fairway Wealth LLC bought a new stake in Xcel Energy in the 4th quarter valued at $27,000. Crews Bank & Trust acquired a new stake in Xcel Energy during the 4th quarter valued at $34,000. MCF Advisors LLC boosted its position in Xcel Energy by 566.3% during the fourth quarter. MCF Advisors LLC now owns 593 shares of the company’s stock worth $40,000 after purchasing an additional 504 shares during the period. Finally, First Financial Corp IN bought a new position in Xcel Energy during the fourth quarter worth $46,000. 78.38% of the stock is owned by institutional investors.

Insider Activity

In other Xcel Energy news, Director Devin W. Stockfish bought 2,170 shares of Xcel Energy stock in a transaction 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 acquisition, the director now directly owns 3,007 shares of the company’s stock, valued at $207,272.51. The trade was a 259.26 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.09% of the stock is owned by corporate insiders.

Analyst Ratings Changes

XEL has been the topic of several research analyst reports. Morgan Stanley increased their price target on shares of Xcel Energy from $75.00 to $78.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. Wells Fargo & Company increased 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. UBS Group boosted their price target on Xcel Energy from $73.00 to $77.00 and gave the company a “neutral” rating in a research note on Tuesday, April 1st. Barclays increased their price objective on Xcel Energy from $69.00 to $72.00 and gave the stock an “overweight” rating in a research report on Monday, March 31st. Finally, JPMorgan Chase & Co. upgraded shares of 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 note on Thursday, December 12th. Three equities 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $73.00.

Xcel Energy Trading Down 5.9 %

Shares of XEL opened at $67.89 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. Xcel Energy Inc. has a 52-week low of $51.97 and a 52-week high of $73.38. The firm has a market cap of $39.01 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 2.62 and a beta of 0.39. The business’s fifty day moving average is $68.96 and its 200-day moving average is $67.47.

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 return on equity of 10.65% and a net margin of 14.40%. Equities analysts anticipate that Xcel Energy Inc. will post 3.82 EPS 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 issued a dividend of $0.57 per share. The ex-dividend date is Friday, March 14th. This is an increase from Xcel Energy’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a dividend yield of 3.36%. Xcel Energy’s dividend payout ratio is 66.28%.

About Xcel Energy

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.