Xcel Energy Inc. (NASDAQ:XEL) Insider Sells $428,760.00 in Stock


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Xcel Energy Inc. (NASDAQ:XEL) insider Christopher B. Clark sold 6,000 shares of the company’s stock in a transaction dated Tuesday, May 4th. The shares were sold at an average price of $71.46, for a total transaction of $428,760.00.

Shares of NASDAQ XEL traded up $0.22 during trading on Tuesday, reaching $71.84. The stock had a trading volume of 3,490,719 shares, compared to its average volume of 3,059,823. Xcel Energy Inc. has a fifty-two week low of $56.07 and a fifty-two week high of $76.44. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.71 and a current ratio of 0.80. The business’s 50-day moving average price is $67.83 and its 200-day moving average price is $65.36. The company has a market cap of $38.66 billion, a P/E ratio of 26.91, a PEG ratio of 4.43 and a beta of 0.28.

Xcel Energy (NASDAQ:XEL) last announced its earnings results on Thursday, April 29th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. The company had revenue of $3.54 billion during the quarter, compared to analysts’ expectations of $3.03 billion. Xcel Energy had a return on equity of 10.56% and a net margin of 12.50%. Xcel Energy’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same period last year, the business posted $0.56 EPS. Analysts forecast that Xcel Energy Inc. will post 2.77 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 20th. Investors of record on Monday, March 15th were issued a $0.4575 dividend. The ex-dividend date of this dividend was Friday, March 12th. This represents a $1.83 dividend on an annualized basis and a dividend yield of 2.55%. This is a boost from Xcel Energy’s previous quarterly dividend of $0.43. Xcel Energy’s payout ratio is 69.32%.

Several equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Xcel Energy from a “sell” rating to a “hold” rating and set a $64.00 target price on the stock in a report on Wednesday, February 17th. Morgan Stanley increased their price objective on Xcel Energy from $60.00 to $65.00 and gave the stock an “underweight” rating in a research report on Monday, April 26th. KeyCorp raised their target price on Xcel Energy from $71.00 to $74.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 27th. Mizuho reaffirmed a “neutral” rating and issued a $63.00 price target (down previously from $68.00) on shares of Xcel Energy in a research note on Wednesday, February 3rd. Finally, TheStreet raised Xcel Energy from a “c+” rating to a “b+” rating in a research report on Monday, April 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $71.43.

A number of institutional investors and hedge funds have recently made changes to their positions in XEL. Magellan Asset Management Ltd grew its stake in Xcel Energy by 3.6% during the 4th quarter. Magellan Asset Management Ltd now owns 33,975,698 shares of the company’s stock worth $2,265,160,000 after purchasing an additional 1,168,898 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Xcel Energy by 13.0% in the fourth quarter. Wells Fargo & Company MN now owns 6,803,547 shares of the company’s stock valued at $453,593,000 after acquiring an additional 784,352 shares in the last quarter. Rothschild & Co. Asset Management US Inc. grew its holdings in Xcel Energy by 102.9% during the 4th quarter. Rothschild & Co. Asset Management US Inc. now owns 1,246,712 shares of the company’s stock worth $83,119,000 after acquiring an additional 632,273 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Xcel Energy by 89.1% in the 4th quarter. Nordea Investment Management AB now owns 1,039,387 shares of the company’s stock valued at $69,296,000 after purchasing an additional 489,853 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Xcel Energy by 11.9% in the 1st quarter. Victory Capital Management Inc. now owns 4,509,907 shares of the company’s stock valued at $299,955,000 after purchasing an additional 478,938 shares in the last quarter. 77.94% of the stock is currently owned by hedge funds and other institutional investors.

Xcel Energy Company Profile

Xcel Energy Inc, through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources.

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