TD Private Client Wealth LLC Sells 1,248 Shares of Xcel Energy Inc. (NASDAQ:XEL)

TD Private Client Wealth LLC lowered its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 2.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 51,314 shares of the company’s stock after selling 1,248 shares during the period. TD Private Client Wealth LLC’s holdings in Xcel Energy were worth $3,465,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hodges Capital Management Inc. grew its position in shares of Xcel Energy by 447.1% in the 4th quarter. Hodges Capital Management Inc. now owns 51,396 shares of the company’s stock valued at $3,470,000 after buying an additional 42,001 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of Xcel Energy by 7.0% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 189,954 shares of the company’s stock valued at $12,404,000 after buying an additional 12,477 shares during the last quarter. Atomi Financial Group Inc. bought a new stake in shares of Xcel Energy in the 4th quarter valued at about $278,000. Harvest Fund Management Co. Ltd grew its position in shares of Xcel Energy by 64.4% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 27,634 shares of the company’s stock valued at $1,805,000 after buying an additional 10,821 shares during the last quarter. Finally, GEN Financial Management INC. bought a new stake in shares of Xcel Energy in the 4th quarter valued at about $301,000. Institutional investors own 78.38% of the company’s stock.

Wall Street Analyst Weigh In

XEL has been the topic of a number of analyst reports. Morgan Stanley upped their price target on Xcel Energy from $75.00 to $78.00 and gave the company an “equal weight” rating in a research report on Thursday. UBS Group upped their target price on Xcel Energy from $70.00 to $73.00 and gave the company a “neutral” rating in a research report on Friday. JPMorgan Chase & Co. upgraded 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 research report on Thursday, December 12th. KeyCorp upped their target price on Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Finally, Wells Fargo & Company upped their target price on Xcel Energy from $72.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.30.

Xcel Energy Stock Down 1.4 %

XEL stock opened at $69.11 on Friday. The stock’s 50 day simple moving average is $68.21 and its 200 day simple moving average is $67.02. Xcel Energy Inc. has a fifty-two week low of $51.58 and a fifty-two week high of $73.38. 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 company has a market cap of $39.71 billion, a P/E ratio of 20.09, a price-to-earnings-growth ratio of 2.62 and a beta of 0.37.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.81 earnings per share 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%. On average, research analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, April 20th. Stockholders 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 annualized dividend and a dividend yield of 3.30%. Xcel Energy’s dividend payout ratio is 66.28%.

Insider Transactions 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 stock was purchased at an average cost of $68.93 per share, with a total value of $149,578.10. Following the completion of the purchase, the director now directly owns 3,007 shares in the company, valued at $207,272.51. This trade represents a 259.26 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company 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.