Intrust Bank NA Purchases 286 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Intrust Bank NA increased its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 2.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,306 shares of the company’s stock after buying an additional 286 shares during the period. Intrust Bank NA’s holdings in Xcel Energy were worth $696,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in XEL. The Manufacturers Life Insurance Company grew its holdings in shares of Xcel Energy by 2.2% during the third quarter. The Manufacturers Life Insurance Company now owns 558,848 shares of the company’s stock worth $36,493,000 after purchasing an additional 11,975 shares in the last quarter. Townsquare Capital LLC grew its stake in Xcel Energy by 2.4% in the 3rd quarter. Townsquare Capital LLC now owns 28,180 shares of the company’s stock worth $1,840,000 after buying an additional 664 shares in the last quarter. Freedom Investment Management Inc. increased its holdings in shares of Xcel Energy by 20.1% in the 3rd quarter. Freedom Investment Management Inc. now owns 6,707 shares of the company’s stock worth $438,000 after buying an additional 1,123 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Xcel Energy by 107.8% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 105,979 shares of the company’s stock worth $6,920,000 after acquiring an additional 54,967 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its position in Xcel Energy by 3.4% in the third quarter. Public Sector Pension Investment Board now owns 97,398 shares of the company’s stock worth $6,360,000 after acquiring an additional 3,200 shares in the last quarter. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on XEL. KeyCorp lifted their price target on Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Morgan Stanley upped their target price on Xcel Energy from $75.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. Wells Fargo & Company lifted their price target on shares of Xcel Energy from $72.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. UBS Group upped their price objective on shares of Xcel Energy from $70.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Finally, Barclays decreased their target price on shares of Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 22nd. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Xcel Energy has a consensus rating of “Moderate Buy” and an average target price of $72.30.

Insider Transactions at Xcel Energy

In other news, Director Devin W. Stockfish bought 2,170 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average price of $68.93 per share, with a total value of $149,578.10. Following 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.09% of the company’s stock.

Xcel Energy Stock Up 0.6 %

NASDAQ XEL opened at $69.72 on Friday. Xcel Energy Inc. has a 1 year low of $51.97 and a 1 year high of $73.38. The stock has a market capitalization of $40.06 billion, a PE ratio of 20.27, a PEG ratio of 2.62 and a beta of 0.37. 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 business’s 50-day moving average is $68.59 and its 200 day moving average is $67.25.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data 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 return on equity of 10.65% and a net margin of 14.40%. Sell-side analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current year.

Xcel Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, April 20th. Shareholders of record on Friday, March 14th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a yield of 3.27%. 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.