Qsemble Capital Management LP purchased a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 120,626 shares of the company’s stock, valued at approximately $8,909,000. Xcel Energy accounts for 0.7% of Qsemble Capital Management LP’s holdings, making the stock its 23rd biggest position.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XEL. Vermillion & White Wealth Management Group LLC acquired a new stake in Xcel Energy during the third quarter valued at $27,000. Abound Wealth Management grew its position in Xcel Energy by 394.5% during the fourth quarter. Abound Wealth Management now owns 361 shares of the company’s stock valued at $27,000 after buying an additional 288 shares during the period. First Command Advisory Services Inc. acquired a new stake in Xcel Energy during the third quarter valued at $32,000. Beacon Financial Strategies CORP acquired a new stake in Xcel Energy during the fourth quarter valued at $33,000. Finally, Pittenger & Anderson Inc. grew its position in Xcel Energy by 73.8% during the fourth quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock valued at $35,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.
Xcel Energy Stock Performance
NASDAQ:XEL opened at $77.92 on Friday. The company’s 50-day moving average price is $80.12 and its 200-day moving average price is $78.67. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 1.45. The company has a market cap of $48.64 billion, a P/E ratio of 22.46, a P/E/G ratio of 2.08 and a beta of 0.41. Xcel Energy Inc. has a twelve month low of $65.21 and a twelve month high of $84.23.
Xcel Energy Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, April 20th. Shareholders of record on Friday, March 13th were paid a dividend of $0.5925 per share. This represents a $2.37 dividend on an annualized basis and a yield of 3.0%. This is a boost from Xcel Energy’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Friday, March 13th. Xcel Energy’s payout ratio is presently 68.30%.
Analysts Set New Price Targets
Several analysts recently commented on the stock. Truist Financial assumed coverage on shares of Xcel Energy in a research report on Monday, April 20th. They set a “buy” rating and a $95.00 price target on the stock. BTIG Research set a $94.00 price objective on shares of Xcel Energy in a report on Friday, January 30th. JPMorgan Chase & Co. decreased their price objective on shares of Xcel Energy from $94.00 to $91.00 and set an “overweight” rating on the stock in a report on Thursday. Morgan Stanley set a $92.00 price objective on shares of Xcel Energy in a report on Tuesday, April 21st. Finally, Barclays decreased their price objective on shares of Xcel Energy from $91.00 to $87.00 and set an “overweight” rating on the stock in a report on Tuesday. Four analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $91.13.
Check Out Our Latest Research Report on XEL
About Xcel Energy
Xcel Energy (NASDAQ: XEL) is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company’s core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.
Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.
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