Xcel Energy Inc. (NASDAQ:XEL) Shares Acquired by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. boosted its stake in Xcel Energy Inc. (NASDAQ:XEL) by 190.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,743 shares of the company’s stock after purchasing an additional 7,701 shares during the period. SRS Capital Advisors Inc.’s holdings in Xcel Energy were worth $793,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in XEL. State Street Corp raised its stake in shares of Xcel Energy by 6.7% during the third quarter. State Street Corp now owns 37,143,025 shares of the company’s stock valued at $2,445,477,000 after purchasing an additional 2,323,448 shares during the period. Brookfield Corp ON increased its stake in Xcel Energy by 520.1% during the 3rd quarter. Brookfield Corp ON now owns 2,509,031 shares of the company’s stock worth $163,840,000 after buying an additional 2,104,405 shares during the period. Merewether Investment Management LP acquired a new position in Xcel Energy in the 3rd quarter worth $64,301,000. Massachusetts Financial Services Co. MA grew its stake in shares of Xcel Energy by 6.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 15,190,756 shares of the company’s stock valued at $991,956,000 after acquiring an additional 892,740 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Xcel Energy by 1,265.6% during the third quarter. Janus Henderson Group PLC now owns 839,146 shares of the company’s stock valued at $54,797,000 after acquiring an additional 777,696 shares in the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Stock Up 1.9 %

Shares of Xcel Energy stock opened at $72.10 on Monday. The stock has a market capitalization of $41.40 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 2.62 and a beta of 0.43. The business’s 50 day simple moving average is $67.45 and its 200-day simple moving average is $66.16. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. Xcel Energy Inc. has a twelve month low of $46.79 and a twelve month high of $73.38.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.81 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%. Equities research 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 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. 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 3.16%. Xcel Energy’s payout ratio is currently 66.28%.

Analysts Set New Price Targets

A number of brokerages recently commented on XEL. JPMorgan Chase & Co. raised Xcel Energy from a “neutral” rating to an “overweight” rating and increased their price target for the company from $69.00 to $80.00 in a report on Thursday, December 12th. Morgan Stanley decreased their price target on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. KeyCorp boosted their target price on shares of Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Wells Fargo & Company increased their price target on shares of Xcel Energy from $72.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Finally, Barclays cut their price objective 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. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Xcel Energy has an average rating of “Moderate Buy” and a consensus target price of $69.91.

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.