Frank Rimerman Advisors LLC Invests $204,000 in Xcel Energy Inc. (NASDAQ:XEL)

Frank Rimerman Advisors LLC acquired a new position in Xcel Energy Inc. (NASDAQ:XEL) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,016 shares of the company’s stock, valued at approximately $204,000.

A number of other hedge funds have also recently made changes to their positions in XEL. Oppenheimer Asset Management Inc. boosted its stake in shares of 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 acquiring an additional 1,050 shares during the period. Oppenheimer & Co. Inc. lifted its position in shares of Xcel Energy by 28.2% in the third quarter. Oppenheimer & Co. Inc. now owns 28,328 shares of the company’s stock worth $1,850,000 after buying an additional 6,225 shares in the last quarter. OneDigital Investment Advisors LLC lifted its position in shares of Xcel Energy by 7.6% in the third quarter. OneDigital Investment Advisors LLC now owns 14,148 shares of the company’s stock worth $924,000 after buying an additional 998 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of Xcel Energy by 4.9% in the third quarter. Natixis Advisors LLC now owns 124,967 shares of the company’s stock worth $8,160,000 after buying an additional 5,799 shares in the last quarter. Finally, Concord Asset Management LLC VA purchased a new stake in shares of Xcel Energy in the third quarter worth about $209,000. Institutional investors own 78.38% of the company’s stock.

Insider Activity

In other news, Director Devin W. Stockfish acquired 2,170 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average price 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

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

Xcel Energy Trading Up 0.3 %

XEL opened at $69.96 on Tuesday. The stock has a market cap of $40.20 billion, a price-to-earnings ratio of 20.34, a P/E/G ratio of 2.62 and a beta of 0.37. The stock’s 50 day moving average price is $67.85 and its 200-day moving average price is $66.86. Xcel Energy Inc. has a one year low of $51.37 and a one year 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.

Xcel Energy (NASDAQ:XEL) last released its earnings results 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, equities analysts forecast that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, April 20th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.57 per share. This is a boost from Xcel Energy’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.26%. Xcel Energy’s dividend payout ratio is currently 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.