Xcel Energy Inc. (NASDAQ:XEL) Shares Bought by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH boosted its position in Xcel Energy Inc. (NASDAQ:XELFree Report) by 169.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 92,047 shares of the company’s stock after purchasing an additional 57,837 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in Xcel Energy were worth $6,215,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of XEL. Sherbrooke Park Advisers LLC grew its holdings in Xcel Energy by 144.8% in the fourth quarter. Sherbrooke Park Advisers LLC now owns 12,218 shares of the company’s stock valued at $825,000 after purchasing an additional 7,228 shares during the period. Royal Bank of Canada lifted its stake in shares of Xcel Energy by 10.1% in the fourth quarter. Royal Bank of Canada now owns 3,225,852 shares of the company’s stock worth $217,808,000 after acquiring an additional 296,467 shares in the last quarter. Rafferty Asset Management LLC grew its position in shares of Xcel Energy by 3.2% during the fourth quarter. Rafferty Asset Management LLC now owns 255,150 shares of the company’s stock worth $17,228,000 after buying an additional 7,899 shares in the last quarter. Point72 Asset Management L.P. increased its position in shares of Xcel Energy by 187.0% in the 4th quarter. Point72 Asset Management L.P. now owns 1,829,425 shares of the company’s stock worth $123,523,000 after purchasing an additional 1,192,049 shares during the last quarter. Finally, Quantinno Capital Management LP raised its stake in Xcel Energy by 60.6% during the fourth quarter. Quantinno Capital Management LP now owns 141,942 shares of the company’s stock valued at $9,584,000 after buying an additional 53,557 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Insider Buying and Selling at Xcel Energy

In related news, Director Devin W. Stockfish acquired 2,170 shares of the stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $68.93 per share, for a total transaction of $149,578.10. Following the completion of the purchase, the director now owns 3,007 shares in the company, valued at approximately $207,272.51. The trade was a 259.26% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

Xcel Energy Stock Performance

XEL stock opened at $71.26 on Friday. The firm has a 50 day simple moving average of $69.66 and a 200 day simple moving average of $68.65. 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 stock has a market cap of $41.10 billion, a P/E ratio of 20.72, a P/E/G ratio of 2.62 and a beta of 0.38.

Xcel Energy (NASDAQ:XELGet Free Report) last released its quarterly earnings data 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 analyst estimates of $3.93 billion. During the same period in the previous year, the business posted $0.88 EPS. Xcel Energy’s revenue for the quarter was up 7.0% on a year-over-year basis. Research analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, April 20th. Investors of record on Friday, March 14th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend 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%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on XEL shares. Barclays lifted their price target on shares of Xcel Energy from $72.00 to $73.00 and gave the company an “overweight” rating in a report on Tuesday, April 22nd. Evercore ISI raised their target price on shares of Xcel Energy from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Monday, April 28th. Morgan Stanley set a $79.00 price target on shares of Xcel Energy and gave the stock an “outperform” rating in a research note on Wednesday, April 23rd. UBS Group boosted their target price on Xcel Energy from $73.00 to $77.00 and gave the stock a “neutral” rating in a report on Tuesday, April 1st. Finally, BMO Capital Markets lifted their price target on Xcel Energy from $69.00 to $73.00 and gave the company a “market perform” rating in a research report on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Xcel Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.00.

Read Our Latest Stock Report on XEL

Xcel Energy Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding XEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xcel Energy Inc. (NASDAQ:XELFree Report).

Institutional Ownership by Quarter for Xcel Energy (NASDAQ:XEL)

Receive News & Ratings for Xcel Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xcel Energy and related companies with MarketBeat.com's FREE daily email newsletter.