Xcel Energy Inc. (NASDAQ:XEL) Shares Bought by Lido Advisors LLC

Lido Advisors LLC lifted its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 5.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,920 shares of the company’s stock after buying an additional 1,230 shares during the quarter. Lido Advisors LLC’s holdings in Xcel Energy were worth $1,683,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Dakota Wealth Management raised its holdings in shares of Xcel Energy by 0.7% in the fourth quarter. Dakota Wealth Management now owns 23,130 shares of the company’s stock worth $1,562,000 after acquiring an additional 151 shares during the last quarter. Rothschild Investment LLC raised its stake in Xcel Energy by 26.0% in the 4th quarter. Rothschild Investment LLC now owns 731 shares of the company’s stock valued at $49,000 after purchasing an additional 151 shares during the last quarter. GenTrust LLC lifted its holdings in Xcel Energy by 4.5% in the 4th quarter. GenTrust LLC now owns 3,602 shares of the company’s stock valued at $243,000 after purchasing an additional 155 shares in the last quarter. Creative Financial Designs Inc. ADV raised its holdings in Xcel Energy by 23.2% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 827 shares of the company’s stock valued at $56,000 after acquiring an additional 156 shares during the last quarter. Finally, Integris Wealth Management LLC lifted its stake in shares of Xcel Energy by 2.6% during 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 period. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on XEL. Wells Fargo & Company set a $78.00 price objective on Xcel Energy and gave the company an “overweight” rating in a research report on Friday, April 25th. StockNews.com upgraded Xcel Energy from a “sell” rating to a “hold” rating in a report on Saturday, April 26th. UBS Group increased their price objective on shares of Xcel Energy from $73.00 to $77.00 and gave the stock a “neutral” rating in a report on Tuesday, April 1st. Barclays boosted their target price on shares of Xcel Energy from $72.00 to $73.00 and gave the company an “overweight” rating in a report on Tuesday, April 22nd. Finally, BMO Capital Markets increased their price target on shares of Xcel Energy from $69.00 to $73.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $76.00.

Insider Buying and Selling at Xcel Energy

In other Xcel Energy news, Director Devin W. Stockfish bought 2,170 shares of the stock in a transaction dated Tuesday, March 11th. The stock was bought at an average cost of $68.93 per share, for a total transaction of $149,578.10. Following the completion of the purchase, the director now directly owns 3,007 shares of the company’s stock, valued at approximately $207,272.51. The trade was a 259.26 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.09% of the stock is owned by corporate insiders.

Xcel Energy Stock Performance

Shares of XEL stock opened at $70.40 on Friday. The company’s fifty day simple moving average is $69.62 and its 200-day simple moving average is $68.23. 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 52 week low of $51.97 and a 52 week high of $73.38. The company has a market cap of $40.60 billion, a PE ratio of 20.47, a P/E/G ratio of 2.62 and a beta of 0.39.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.11). Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. The company had revenue of $3.91 billion for the quarter, compared to analyst estimates of $3.93 billion. During the same quarter in the prior year, the firm earned $0.88 EPS. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, equities research analysts anticipate 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 was paid on Sunday, April 20th. Shareholders of record on Friday, March 14th were given a $0.57 dividend. This is an increase from Xcel Energy’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.28 annualized dividend and a yield of 3.24%. Xcel Energy’s dividend payout ratio (DPR) is 67.06%.

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.