Waratah Capital Advisors Ltd. Boosts Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Waratah Capital Advisors Ltd. lifted its stake in Xcel Energy Inc. (NASDAQ:XELGet Rating) by 298.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,349 shares of the company’s stock after purchasing an additional 79,676 shares during the quarter. Waratah Capital Advisors Ltd.’s holdings in Xcel Energy were worth $7,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Freestone Capital Holdings LLC increased its holdings in Xcel Energy by 9.0% in the 4th quarter. Freestone Capital Holdings LLC now owns 6,211 shares of the company’s stock worth $420,000 after buying an additional 511 shares in the last quarter. Nordea Investment Management AB increased its holdings in Xcel Energy by 29.8% in the 1st quarter. Nordea Investment Management AB now owns 1,727,542 shares of the company’s stock worth $125,091,000 after buying an additional 396,291 shares in the last quarter. Personal CFO Solutions LLC bought a new stake in Xcel Energy in the 1st quarter worth about $334,000. Cubist Systematic Strategies LLC increased its holdings in Xcel Energy by 88.7% in the 4th quarter. Cubist Systematic Strategies LLC now owns 376,977 shares of the company’s stock worth $25,521,000 after buying an additional 177,215 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in Xcel Energy by 3.3% in the 4th quarter. BlackRock Inc. now owns 54,190,365 shares of the company’s stock worth $3,668,687,000 after buying an additional 1,755,729 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insider Buying and Selling

In related news, Director Kim Williams sold 2,000 shares of the business’s stock in a transaction 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 completion of the transaction, the director now directly owns 99,993 shares of the company’s stock, valued at approximately $7,620,466.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Kim Williams sold 2,000 shares of the company’s stock in a transaction dated Wednesday, May 25th. The stock was 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 directly owns 99,993 shares of the company’s stock, valued at approximately $7,620,466.53. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Brett C. Carter sold 14,000 shares of the business’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $74.66, for a total value of $1,045,240.00. Following the completion of the sale, the executive vice president now directly owns 23,617 shares of the company’s stock, valued at $1,763,245.22. The disclosure for this sale can be found here. 0.05% of the stock is currently owned by insiders.

Xcel Energy Stock Performance

Shares of NASDAQ:XEL traded down $0.76 during trading on Friday, hitting $73.80. The stock had a trading volume of 3,057,238 shares, compared to its average volume of 2,691,799. The stock has a market capitalization of $40.37 billion, a price-to-earnings ratio of 24.52, a price-to-earnings-growth ratio of 3.66 and a beta of 0.34. Xcel Energy Inc. has a 12-month low of $61.15 and a 12-month high of $76.63. The stock has a 50-day simple moving average of $70.43 and a two-hundred day simple moving average of $70.86. 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 (NASDAQ:XELGet Rating) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.10 billion. Xcel Energy had a return on equity of 10.45% and a net margin of 11.66%. Xcel Energy’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period last year, the company earned $0.58 earnings per share. On average, equities research analysts expect that Xcel Energy Inc. will post 3.17 earnings per share for the current fiscal year.

Xcel Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on XEL. UBS Group cut their price target on Xcel Energy from $74.00 to $71.00 and set a “neutral” rating for the company in a research note on Thursday, June 30th. Credit Suisse Group cut their price target on Xcel Energy to $77.00 in a research note on Thursday, June 9th. Barclays cut their price target on Xcel Energy from $82.00 to $78.00 and set an “overweight” rating for the company in a research note on Monday, July 18th. Morgan Stanley boosted their price target on Xcel Energy from $64.00 to $69.00 and gave the company an “equal weight” rating in a research note on Thursday, July 21st. Finally, KeyCorp boosted their price target on Xcel Energy from $78.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, April 20th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.90.

Xcel Energy Profile

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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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