Capital Research Global Investors Has $228.90 Million Stock Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Capital Research Global Investors boosted its position in Xcel Energy Inc. (NASDAQ:XEL) by 0.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,390,043 shares of the company’s stock after purchasing an additional 5,068 shares during the period. Capital Research Global Investors owned about 0.59% of Xcel Energy worth $228,896,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sierra Ocean LLC acquired a new stake in Xcel Energy during the 4th quarter valued at $26,000. Fairway Wealth LLC bought a new position in Xcel Energy in the 4th quarter valued at approximately $27,000. Crews Bank & Trust bought a new stake in shares of Xcel Energy during the fourth quarter worth $34,000. MCF Advisors LLC grew its stake in shares of Xcel Energy by 566.3% during the fourth quarter. MCF Advisors LLC now owns 593 shares of the company’s stock worth $40,000 after buying an additional 504 shares during the last quarter. Finally, First Financial Corp IN acquired a new position in shares of Xcel Energy during the fourth quarter worth $46,000. Institutional investors own 78.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. UBS Group lifted their price target on Xcel Energy from $73.00 to $77.00 and gave the company a “neutral” rating in a research note on Tuesday, April 1st. Morgan Stanley increased their target price on shares of Xcel Energy from $75.00 to $78.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. Barclays lifted their price objective on Xcel Energy from $69.00 to $72.00 and gave the stock an “overweight” rating in a research report on Monday, March 31st. Finally, Wells Fargo & Company boosted their target price on shares of Xcel Energy from $72.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $73.00.

Insider Buying and Selling

In other Xcel Energy news, Director Devin W. Stockfish bought 2,170 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was purchased at an average price of $68.93 per share, for a total transaction of $149,578.10. Following the completion of the transaction, the director now directly owns 3,007 shares of the company’s stock, valued at $207,272.51. This trade represents a 259.26 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.09% of the stock is currently owned by insiders.

Xcel Energy Trading Up 1.5 %

NASDAQ XEL opened at $70.13 on Friday. The business’s fifty day moving average is $69.38 and its 200-day moving average is $67.82. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. The stock has a market capitalization of $40.40 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 2.62 and a beta of 0.39. Xcel Energy Inc. has a one year low of $51.97 and a one year high of $73.38.

Xcel Energy (NASDAQ:XEL) last released its earnings results on Thursday, February 6th. The company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. Equities research analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, April 20th. Stockholders of record on Friday, March 14th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Friday, March 14th. This is a boost from Xcel Energy’s previous quarterly dividend of $0.55. Xcel Energy’s dividend payout ratio is currently 66.28%.

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.