Corient Private Wealth LLC Has $9.06 Million Stock Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Corient Private Wealth LLC trimmed its position in Xcel Energy Inc. (NASDAQ:XEL) by 14.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,128 shares of the company’s stock after selling 22,543 shares during the quarter. Corient Private Wealth LLC’s holdings in Xcel Energy were worth $9,056,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in XEL. State Street Corp grew its holdings in Xcel Energy by 6.7% in the 3rd quarter. State Street Corp now owns 37,143,025 shares of the company’s stock valued at $2,445,477,000 after buying an additional 2,323,448 shares in the last quarter. Brookfield Corp ON grew its holdings in Xcel Energy by 520.1% in the 3rd quarter. Brookfield Corp ON now owns 2,509,031 shares of the company’s stock valued at $163,840,000 after buying an additional 2,104,405 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Xcel Energy in the 4th quarter valued at $83,653,000. Reaves W H & Co. Inc. grew its holdings in Xcel Energy by 440.2% in 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 buying an additional 1,186,427 shares in the last quarter. Finally, Burkehill Global Management LP acquired a new position in Xcel Energy in the 4th quarter valued at $67,520,000. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Stock Performance

NASDAQ:XEL opened at $70.24 on Thursday. The stock’s 50-day simple moving average is $68.02 and its 200 day simple moving average is $66.94. The firm has a market capitalization of $40.36 billion, a PE ratio of 20.42, a price-to-earnings-growth ratio of 2.62 and a beta of 0.37. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. Xcel Energy Inc. has a twelve month low of $51.58 and a twelve month high of $73.38.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.81 earnings per share 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%. On average, analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The company also recently announced 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. The ex-dividend date is Friday, March 14th. This is an increase from Xcel Energy’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a yield of 3.25%. Xcel Energy’s dividend payout ratio (DPR) is currently 66.28%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Barclays reduced their target price on Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a report on Wednesday, January 22nd. Wells Fargo & Company increased their target price on Xcel Energy from $72.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. KeyCorp increased their target price on Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Morgan Stanley reduced their target price on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Finally, JPMorgan Chase & Co. raised Xcel Energy from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $69.00 to $80.00 in a report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company 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 on Tuesday, March 11th. The stock was purchased 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 $207,272.51. This trade represents a 259.26 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.09% of the company’s stock.

Xcel Energy Company 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.