Sourcerock Group LLC Acquires 130,756 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Sourcerock Group LLC boosted its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 400.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 163,445 shares of the company’s stock after purchasing an additional 130,756 shares during the quarter. Xcel Energy makes up about 0.8% of Sourcerock Group LLC’s investment portfolio, making the stock its 26th biggest position. Sourcerock Group LLC’s holdings in Xcel Energy were worth $11,036,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Dakota Wealth Management increased its holdings in shares of Xcel Energy by 0.7% during the fourth quarter. Dakota Wealth Management now owns 23,130 shares of the company’s stock valued at $1,562,000 after acquiring an additional 151 shares in the last quarter. Rothschild Investment LLC grew its position in Xcel Energy by 26.0% during the fourth quarter. Rothschild Investment LLC now owns 731 shares of the company’s stock valued at $49,000 after buying an additional 151 shares during the period. GenTrust LLC increased its stake in shares of 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 lifted its position in shares of Xcel Energy by 23.2% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 827 shares of the company’s stock valued at $56,000 after buying an additional 156 shares in the last quarter. Finally, Integris Wealth Management LLC grew its stake in Xcel Energy by 2.6% in the 4th quarter. Integris Wealth Management LLC now owns 6,323 shares of the company’s stock valued at $427,000 after acquiring an additional 160 shares during the period. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Stock Performance

Shares of NASDAQ XEL opened at $72.38 on Monday. Xcel Energy Inc. has a 12 month low of $51.97 and a 12 month high of $73.38. The company has a 50-day simple moving average of $69.73 and a 200-day simple moving average of $68.77. The company has a market cap of $41.75 billion, a PE ratio of 21.04, a price-to-earnings-growth ratio of 2.62 and a beta of 0.38. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82.

Xcel Energy (NASDAQ:XEL) last released 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 firm had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $3.93 billion. During the same quarter last year, the business earned $0.88 earnings per share. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, April 20th. Investors of record on Friday, March 14th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date was Friday, March 14th. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.55. Xcel Energy’s payout ratio is 67.06%.

Analysts Set New Price Targets

XEL has been the topic of several research analyst reports. Barclays lifted their price objective on Xcel Energy from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, April 22nd. Evercore ISI boosted their target price on Xcel Energy from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Monday, April 28th. BMO Capital Markets lifted their price target on Xcel Energy from $69.00 to $73.00 and gave the stock a “market perform” rating in a report on Wednesday, April 23rd. UBS Group raised their price target 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. Finally, Wells Fargo & Company set a $78.00 target price on Xcel Energy and gave the stock an “overweight” rating in a research note on Friday, April 25th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $76.00.

Insider Transactions at Xcel Energy

In other Xcel Energy news, Director Devin W. Stockfish acquired 2,170 shares of Xcel Energy stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of $68.93 per share, for a total transaction of $149,578.10. Following the transaction, the director now owns 3,007 shares in the company, valued at approximately $207,272.51. This trade represents a 259.26% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

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.