Waratah Capital Advisors Ltd. Has $7.68 Million Position in Xcel Energy Inc. (NASDAQ:XEL)

Waratah Capital Advisors Ltd. raised its position in shares of Xcel Energy Inc. (NASDAQ:XELGet Rating) by 298.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 106,349 shares of the company’s stock after acquiring an additional 79,676 shares during the period. Waratah Capital Advisors Ltd.’s holdings in Xcel Energy were worth $7,675,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC increased its stake in shares of Xcel Energy by 256.3% in the first quarter. JFS Wealth Advisors LLC now owns 342 shares of the company’s stock worth $25,000 after acquiring an additional 246 shares during the last quarter. Industrial Alliance Investment Management Inc. acquired a new position in shares of Xcel Energy in the fourth quarter worth $28,000. Johnson Financial Group Inc. acquired a new position in shares of Xcel Energy in the fourth quarter worth $29,000. Allegheny Financial Group LTD acquired a new position in shares of Xcel Energy in the fourth quarter worth $30,000. Finally, Covestor Ltd acquired a new position in shares of Xcel Energy in the fourth quarter worth $31,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on XEL shares. Barclays lowered their target price on shares of Xcel Energy from $82.00 to $78.00 and set an “overweight” rating on the stock in a research report on Monday, July 18th. UBS Group lowered their target price on shares of Xcel Energy from $74.00 to $71.00 and set a “neutral” rating on the stock in a research report on Thursday, June 30th. Credit Suisse Group lowered their target price on shares of Xcel Energy to $77.00 in a research report on Thursday, June 9th. KeyCorp increased their target price on shares of Xcel Energy from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 20th. Finally, Morgan Stanley increased their target price on shares of Xcel Energy from $64.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 21st. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $73.90.

Xcel Energy Stock Performance

XEL stock traded down $0.76 during mid-day trading on Friday, reaching $73.80. 3,057,238 shares of the stock traded hands, compared to its average volume of 2,691,799. The company has a quick ratio of 0.86, a current ratio of 1.00 and a debt-to-equity ratio of 1.45. Xcel Energy Inc. has a 52 week low of $61.15 and a 52 week high of $76.63. The business has a 50-day moving average of $70.43 and a two-hundred day moving average of $70.86. The firm has a market capitalization of $40.37 billion, a PE ratio of 24.52, a P/E/G ratio of 3.66 and a beta of 0.34.

Xcel Energy (NASDAQ:XELGet Rating) last released its earnings results on Thursday, July 28th. The company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. Xcel Energy had a net margin of 11.66% and a return on equity of 10.45%. The business had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter last year, the company earned $0.58 earnings per share. The firm’s revenue was up 11.6% on a year-over-year basis. As a group, equities analysts predict that Xcel Energy Inc. will post 3.17 EPS for the current fiscal year.

Xcel Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 20th. Investors of record on Wednesday, June 15th were paid a $0.4875 dividend. This represents a $1.95 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend was Tuesday, June 14th. Xcel Energy’s payout ratio is presently 64.78%.

Insider Activity at Xcel Energy

In other Xcel Energy news, Director Kim Williams sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $76.21, for a total transaction of $152,420.00. Following the completion of the transaction, the director now owns 99,993 shares in the company, valued at $7,620,466.53. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Brett C. Carter sold 14,000 shares of the firm’s stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $74.66, for a total transaction of $1,045,240.00. Following the completion of the sale, the executive vice president now owns 23,617 shares of the company’s stock, valued at $1,763,245.22. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Kim Williams sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $76.21, for a total transaction of $152,420.00. Following the sale, the director now directly owns 99,993 shares of the company’s stock, valued at approximately $7,620,466.53. The disclosure for this sale can be found here. 0.05% of the stock is owned by corporate insiders.

Xcel Energy Company Profile

(Get Rating)

Xcel Energy Inc, through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources.

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Institutional Ownership by Quarter for Xcel Energy (NASDAQ:XEL)

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