First National Advisers LLC Has $2.28 Million Position in Xcel Energy Inc. (NASDAQ:XEL)

First National Advisers LLC grew its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,747 shares of the company’s stock after purchasing an additional 980 shares during the quarter. First National Advisers LLC’s holdings in Xcel Energy were worth $2,279,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of XEL. Oppenheimer Asset Management Inc. boosted its stake in Xcel Energy by 5.4% in the third quarter. Oppenheimer Asset Management Inc. now owns 20,503 shares of the company’s stock worth $1,339,000 after purchasing an additional 1,050 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in shares of Xcel Energy by 28.2% during the third quarter. Oppenheimer & Co. Inc. now owns 28,328 shares of the company’s stock valued at $1,850,000 after acquiring an additional 6,225 shares during the period. Huntington National Bank lifted its stake in shares of Xcel Energy by 4.7% during the third quarter. Huntington National Bank now owns 19,113 shares of the company’s stock valued at $1,248,000 after acquiring an additional 862 shares during the period. Curi RMB Capital LLC lifted its stake in shares of Xcel Energy by 14.9% during the third quarter. Curi RMB Capital LLC now owns 5,218 shares of the company’s stock valued at $341,000 after acquiring an additional 676 shares during the period. Finally, Metis Global Partners LLC lifted its stake in shares of Xcel Energy by 15.9% during the third quarter. Metis Global Partners LLC now owns 39,828 shares of the company’s stock valued at $2,601,000 after acquiring an additional 5,450 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.

Insider Transactions at Xcel Energy

In related news, Director Devin W. Stockfish purchased 2,170 shares of Xcel Energy stock in a transaction that occurred on 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 transaction, the director now owns 3,007 shares of the company’s stock, valued at approximately $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 the SEC website. 0.09% of the stock is owned by insiders.

Xcel Energy Stock Up 1.6 %

Shares of Xcel Energy stock opened at $69.75 on Friday. Xcel Energy Inc. has a 1 year low of $51.37 and a 1 year high of $73.38. The business has a 50-day moving average of $67.75 and a two-hundred day moving average of $66.75. The company has a market capitalization of $40.08 billion, a P/E ratio of 20.28, a price-to-earnings-growth ratio of 2.62 and a beta of 0.37. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate 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, equities analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 20th. Stockholders of record on Friday, March 14th will be given a dividend of $0.57 per share. This is a boost from Xcel Energy’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a dividend yield of 3.27%. The ex-dividend date is Friday, March 14th. Xcel Energy’s dividend payout ratio is currently 66.28%.

Analyst Upgrades and Downgrades

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

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.