Xcel Energy Inc. (NASDAQ:XEL) Shares Bought by Creative Financial Designs Inc. ADV

Creative Financial Designs Inc. ADV lifted its position in Xcel Energy Inc. (NASDAQ:XEL) by 23.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 827 shares of the company’s stock after acquiring an additional 156 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Xcel Energy were worth $56,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in XEL. Dakota Wealth Management lifted its holdings in shares of Xcel Energy by 0.7% in the 4th quarter. Dakota Wealth Management now owns 23,130 shares of the company’s stock worth $1,562,000 after purchasing an additional 151 shares during the last quarter. Rothschild Investment LLC lifted its holdings in shares of Xcel Energy by 26.0% in the 4th quarter. Rothschild Investment LLC now owns 731 shares of the company’s stock worth $49,000 after purchasing an additional 151 shares during the last quarter. GenTrust LLC lifted its holdings in shares of Xcel Energy by 4.5% in the 4th quarter. GenTrust LLC now owns 3,602 shares of the company’s stock worth $243,000 after purchasing an additional 155 shares during the last quarter. Integris Wealth Management LLC lifted its holdings in shares of Xcel Energy by 2.6% in the 4th quarter. Integris Wealth Management LLC now owns 6,323 shares of the company’s stock worth $427,000 after purchasing an additional 160 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Xcel Energy by 1.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 9,242 shares of the company’s stock worth $624,000 after purchasing an additional 160 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Insider Buying and Selling

In other Xcel Energy news, Director Devin W. Stockfish purchased 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 acquisition, the director now owns 3,007 shares of the company’s stock, valued at $207,272.51. This represents a 259.26 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.09% of the company’s stock.

Xcel Energy Stock Down 1.4 %

Shares of XEL stock opened at $69.11 on Friday. Xcel Energy Inc. has a 1 year low of $51.58 and a 1 year high of $73.38. The stock has a market cap of $39.71 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 2.62 and a beta of 0.37. The business’s fifty day moving average is $68.21 and its 200-day moving average is $67.02. 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 issued its earnings results on Thursday, February 6th. The company reported $0.81 earnings per share (EPS) 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%. Equities 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 announced a quarterly dividend, which will be paid on Sunday, April 20th. Investors of record on Friday, March 14th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.30%. 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. Xcel Energy’s payout ratio is presently 66.28%.

Wall Street Analyst Weigh In

Several analysts have weighed in on XEL shares. UBS Group lifted their target price on Xcel Energy from $70.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday. Barclays cut their target price 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. Wells Fargo & Company lifted their target price on Xcel Energy from $72.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Morgan Stanley lifted their target price on Xcel Energy from $75.00 to $78.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. raised Xcel Energy from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $69.00 to $80.00 in a research note on Thursday, December 12th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $72.30.

Xcel Energy 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.