Glenview Trust co Buys 2,683 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Glenview Trust co increased its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 59.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,168 shares of the company’s stock after buying an additional 2,683 shares during the quarter. Glenview Trust co’s holdings in Xcel Energy were worth $484,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of XEL. State Street Corp grew its holdings in Xcel Energy by 6.7% during the third quarter. State Street Corp now owns 37,143,025 shares of the company’s stock worth $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% during the third quarter. Brookfield Corp ON now owns 2,509,031 shares of the company’s stock worth $163,840,000 after buying an additional 2,104,405 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Xcel Energy during the fourth quarter worth $83,653,000. Reaves W H & Co. Inc. grew its holdings in Xcel Energy by 440.2% during the fourth quarter. Reaves W H & Co. Inc. now owns 1,455,927 shares of the company’s stock worth $98,304,000 after buying an additional 1,186,427 shares in the last quarter. Finally, Burkehill Global Management LP bought a new stake in Xcel Energy during the fourth quarter worth $67,520,000. Institutional investors own 78.38% of the company’s stock.

Analyst Ratings Changes

XEL has been the topic of several research analyst reports. Barclays cut their price objective on Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 22nd. Morgan Stanley cut their price objective on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. JPMorgan Chase & Co. raised Xcel Energy from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $69.00 to $80.00 in a research report on Thursday, December 12th. Wells Fargo & Company boosted 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. Finally, KeyCorp boosted 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. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.10.

Xcel Energy Stock Up 0.3 %

Shares of NASDAQ XEL opened at $69.96 on Tuesday. Xcel Energy Inc. has a one year low of $51.37 and a one year high of $73.38. 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 fifty day moving average price is $67.85 and its 200-day moving average price is $66.86. The stock has a market capitalization of $40.20 billion, a PE ratio of 20.34, a P/E/G ratio of 2.62 and a beta of 0.37.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates 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 research analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current 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 issued a dividend of $0.57 per share. This is a boost from Xcel Energy’s previous quarterly dividend of $0.55. The ex-dividend date is Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a yield of 3.26%. Xcel Energy’s dividend payout ratio is 66.28%.

Insider Buying and Selling

In related news, Director Devin W. Stockfish acquired 2,170 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average price of $68.93 per share, with a total value of $149,578.10. Following the acquisition, the director now owns 3,007 shares of the company’s stock, valued at approximately $207,272.51. This trade represents a 259.26 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.09% of the stock is currently owned by insiders.

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.