Legacy Financial Advisors Inc. Has $384,000 Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

Legacy Financial Advisors Inc. lifted its stake in Xcel Energy Inc. (NASDAQ:XEL) by 7.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,682 shares of the company’s stock after purchasing an additional 413 shares during the period. Legacy Financial Advisors Inc.’s holdings in Xcel Energy were worth $384,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Sierra Ocean LLC bought a new stake in Xcel Energy in the 4th quarter valued at $26,000. Fairway Wealth LLC bought a new stake in shares of Xcel Energy in the fourth quarter valued at about $27,000. Crews Bank & Trust acquired a new position in shares of Xcel Energy during the fourth quarter worth about $34,000. MCF Advisors LLC grew its holdings in shares of 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 buying an additional 504 shares in the last quarter. Finally, First Financial Corp IN acquired a new stake in Xcel Energy in the 4th quarter valued at approximately $46,000. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Price Performance

NASDAQ:XEL opened at $68.41 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. The firm has a market cap of $39.31 billion, a price-to-earnings ratio of 19.89, a P/E/G ratio of 2.62 and a beta of 0.39. Xcel Energy Inc. has a 52 week low of $51.97 and a 52 week high of $73.38. The firm’s 50-day simple moving average is $69.05 and its 200 day simple moving average is $67.60.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.81 earnings per share (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%. As a group, sell-side analysts predict that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 20th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.33%. This is an increase from Xcel Energy’s previous quarterly dividend of $0.55. The ex-dividend date is Friday, March 14th. Xcel Energy’s dividend payout ratio is presently 66.28%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Barclays lifted their price target on shares of Xcel Energy from $69.00 to $72.00 and gave the company an “overweight” rating in a research note on Monday, March 31st. Wells Fargo & Company upped their price target on shares of Xcel Energy from $72.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. UBS Group lifted their price objective on shares of Xcel Energy from $73.00 to $77.00 and gave the company a “neutral” rating in a research report on Tuesday, April 1st. JPMorgan Chase & Co. raised shares of Xcel Energy from a “neutral” rating to an “overweight” rating and upped their target price for the company from $69.00 to $80.00 in a report on Thursday, December 12th. Finally, Morgan Stanley lifted their price target on Xcel Energy from $75.00 to $78.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Xcel Energy presently has an average rating of “Moderate Buy” and an average price target of $73.00.

Insider Buying and Selling at Xcel Energy

In other Xcel Energy news, Director Devin W. Stockfish purchased 2,170 shares of the stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of $68.93 per share, with a total value of $149,578.10. Following the acquisition, the director now owns 3,007 shares of the company’s stock, valued at approximately $207,272.51. This represents a 259.26 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.09% of the company’s stock.

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.