Oarsman Capital Inc. Has $559,000 Stake in Xcel Energy Inc. (NASDAQ:XEL)

Oarsman Capital Inc. lifted its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 152.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,272 shares of the company’s stock after purchasing an additional 5,000 shares during the quarter. Oarsman Capital Inc.’s holdings in Xcel Energy were worth $559,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on XEL shares. Wells Fargo & Company increased their price objective on shares of Xcel Energy from $72.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. raised Xcel Energy from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $69.00 to $80.00 in a research note on Thursday, December 12th. 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 report on Thursday, March 20th. Barclays upped their price objective on shares of Xcel Energy from $69.00 to $72.00 and gave the stock an “overweight” rating in a research report on Monday, March 31st. Finally, UBS Group lifted their target price on shares of Xcel Energy from $73.00 to $77.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 1st. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Xcel Energy has an average rating of “Moderate Buy” and a consensus price target of $73.00.

Insider Activity at Xcel Energy

In related news, Director Devin W. Stockfish bought 2,170 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.09% of the stock is currently owned by insiders.

Xcel Energy Stock Down 5.9 %

XEL stock opened at $67.89 on Friday. Xcel Energy Inc. has a twelve month low of $51.97 and a twelve month high of $73.38. The firm has a market capitalization of $39.01 billion, a PE ratio of 19.74, a PEG ratio of 2.62 and a beta of 0.39. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The stock has a 50-day simple moving average of $68.96 and a two-hundred day simple moving average of $67.47.

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

Xcel Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, April 20th. Investors of record on Friday, March 14th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.36%. This is a boost from Xcel Energy’s previous quarterly dividend of $0.55. The ex-dividend date is Friday, March 14th. Xcel Energy’s dividend payout ratio is 66.28%.

Xcel Energy Profile

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.