Xcel Energy Inc. (NASDAQ:XEL) Shares Purchased by Picton Mahoney Asset Management

Picton Mahoney Asset Management boosted its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 44.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,009 shares of the company’s stock after acquiring an additional 1,545 shares during the period. Picton Mahoney Asset Management’s holdings in Xcel Energy were worth $337,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Morgan Stanley dropped their price objective on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. JPMorgan Chase & Co. raised Xcel Energy from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $69.00 to $80.00 in a research report on Thursday, December 12th. Wells Fargo & Company increased their price objective on Xcel Energy from $72.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Barclays cut their target price on shares of Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a report on Wednesday, January 22nd. Finally, KeyCorp upped their price target on shares of Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Three 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $71.10.

Insider Buying and Selling

In related news, Director Devin W. Stockfish bought 2,170 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost of $68.93 per share, with a total value of $149,578.10. Following the completion of 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 filing with the Securities & Exchange Commission, which is available through this link. 0.09% of the stock is currently owned by corporate insiders.

Xcel Energy Stock Up 1.6 %

Shares of Xcel Energy stock opened at $69.75 on Monday. The company has a market cap of $40.08 billion, a P/E ratio of 20.28, a PEG ratio of 2.62 and a beta of 0.37. The firm has a fifty day moving average of $67.75 and a two-hundred day moving average of $66.80. 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 one year low of $51.37 and a one year high of $73.38.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data 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%. On average, analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 20th. Investors of record on Friday, March 14th will be paid a $0.57 dividend. 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 dividend on an annualized basis and a dividend yield of 3.27%. Xcel Energy’s 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.