Harbour Investments Inc. Acquires 3,595 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Harbour Investments Inc. boosted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 18.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 22,690 shares of the company’s stock after purchasing an additional 3,595 shares during the quarter. Harbour Investments Inc.’s holdings in Xcel Energy were worth $1,532,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in XEL. State Street Corp boosted its stake in Xcel Energy by 6.7% during the 3rd quarter. State Street Corp now owns 37,143,025 shares of the company’s stock valued at $2,445,477,000 after purchasing an additional 2,323,448 shares during the period. Brookfield Corp ON boosted its stake in Xcel Energy by 520.1% during the 3rd quarter. Brookfield Corp ON now owns 2,509,031 shares of the company’s stock valued at $163,840,000 after purchasing an additional 2,104,405 shares during the period. Raymond James Financial Inc. bought a new stake in Xcel Energy during the 4th quarter valued at approximately $83,653,000. Reaves W H & Co. Inc. boosted its stake in Xcel Energy by 440.2% during the 4th quarter. Reaves W H & Co. Inc. now owns 1,455,927 shares of the company’s stock valued at $98,304,000 after purchasing an additional 1,186,427 shares during the period. Finally, Burkehill Global Management LP bought a new stake in shares of Xcel Energy in the 4th quarter worth approximately $67,520,000. Institutional investors own 78.38% of the company’s stock.

Wall Street Analysts Forecast Growth

XEL has been the subject of a number of research reports. Barclays reduced their price objective on Xcel Energy from $71.00 to $69.00 and set an “overweight” rating for the company in a research report on Wednesday, January 22nd. KeyCorp raised their price objective on Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Wells Fargo & Company raised their price objective on Xcel Energy from $72.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Morgan Stanley reduced their price objective on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Finally, JPMorgan Chase & Co. upgraded Xcel Energy from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $69.00 to $80.00 in a research report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $71.10.

Insider Buying and Selling at Xcel Energy

In other news, Director Devin W. Stockfish bought 2,170 shares of the company’s 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 completion of the transaction, the director now directly owns 3,007 shares in the company, valued at $207,272.51. The trade was a 259.26 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.09% of the company’s stock.

Xcel Energy Trading Up 0.5 %

XEL stock opened at $70.28 on Wednesday. The business has a fifty day moving average price of $67.94 and a 200 day moving average price of $66.92. 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 Inc. has a fifty-two week low of $51.58 and a fifty-two week high of $73.38. The stock has a market capitalization of $40.38 billion, a price-to-earnings ratio of 20.43, a P/E/G ratio of 2.62 and a beta of 0.37.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data 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 net margin of 14.40% and a return on equity of 10.65%. Analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 20th. Shareholders of record on Friday, March 14th will be given a $0.57 dividend. This is an increase from Xcel Energy’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.28 annualized dividend and a yield of 3.24%. Xcel Energy’s payout ratio is presently 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.