Poinciana Advisors Group LLC Acquires Shares of 4,524 Xcel Energy Inc. (NASDAQ:XEL)

Poinciana Advisors Group LLC acquired a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 4,524 shares of the company’s stock, valued at approximately $305,000.

Other hedge funds have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in shares of Xcel Energy in the third quarter worth about $25,000. Sierra Ocean LLC bought a new position in shares of Xcel Energy in the fourth quarter worth about $26,000. Fairway Wealth LLC bought a new position in shares of Xcel Energy in the fourth quarter worth about $27,000. Crews Bank & Trust bought a new position in shares of Xcel Energy in the fourth quarter worth about $34,000. Finally, MCF Advisors LLC grew its holdings in shares of Xcel Energy by 566.3% in the fourth quarter. MCF Advisors LLC now owns 593 shares of the company’s stock worth $40,000 after purchasing an additional 504 shares during the last quarter. Institutional investors own 78.38% of the company’s stock.

Insider Activity at Xcel Energy

In other Xcel Energy news, Director Devin W. Stockfish purchased 2,170 shares of Xcel Energy stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost 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 $207,272.51. This represents a 259.26 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.09% of the stock is currently owned by insiders.

Xcel Energy Stock Performance

XEL stock opened at $69.75 on Friday. The firm has a market cap of $40.08 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 2.62 and a beta of 0.37. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. The firm has a 50-day simple moving average of $67.75 and a two-hundred day simple moving average of $66.71. Xcel Energy Inc. has a one year low of $51.37 and a one year high of $73.38.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.81 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%. On average, equities analysts forecast 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 is a positive change from Xcel Energy’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Friday, March 14th. Xcel Energy’s dividend payout ratio (DPR) is presently 66.28%.

Analysts Set New Price Targets

XEL has been the topic of a number of research analyst reports. Morgan Stanley cut their price target on shares of Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. KeyCorp increased their target price on shares of Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Wells Fargo & Company increased their target price on shares of Xcel Energy from $72.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Barclays dropped their target price on shares of Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. upgraded shares of 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 analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $71.10.

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.