Fox Run Management L.L.C. Purchases Shares of 4,528 Xcel Energy Inc. (NASDAQ:XEL)

Fox Run Management L.L.C. acquired a new position in shares of Xcel Energy Inc. (NASDAQ:XEL) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,528 shares of the company’s stock, valued at approximately $306,000.

Other large investors have also recently made changes to their positions in the company. State Street Corp lifted its position in Xcel Energy by 6.7% during the 3rd quarter. State Street Corp now owns 37,143,025 shares of the company’s stock worth $2,445,477,000 after acquiring an additional 2,323,448 shares during the period. Brookfield Corp ON lifted its holdings in shares of 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 purchasing an additional 2,104,405 shares during the period. Raymond James Financial Inc. purchased a new stake in Xcel Energy in the fourth quarter valued at approximately $83,653,000. Reaves W H & Co. Inc. increased 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 worth $98,304,000 after buying an additional 1,186,427 shares during the period. Finally, Burkehill Global Management LP purchased a new position in Xcel Energy during the 4th quarter worth approximately $67,520,000. 78.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Xcel Energy

In other Xcel Energy news, Director Devin W. Stockfish acquired 2,170 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was bought at an average price of $68.93 per share, for a total transaction of $149,578.10. Following the acquisition, the director now owns 3,007 shares in the company, valued at approximately $207,272.51. The trade was a 259.26 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.09% of the stock is currently owned by insiders.

Xcel Energy Stock Performance

NASDAQ:XEL opened at $69.32 on Friday. 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 stock has a market capitalization of $39.83 billion, a PE ratio of 20.15, a P/E/G ratio of 2.62 and a beta of 0.37. Xcel Energy Inc. has a fifty-two week low of $51.97 and a fifty-two week high of $73.38. The company has a fifty day moving average of $68.53 and a two-hundred day moving average of $67.18.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings results 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 return on equity of 10.65% and a net margin of 14.40%. As a group, research analysts forecast that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 20th. Investors of record on Friday, March 14th will be paid a $0.57 dividend. 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 3.29%. The ex-dividend date is Friday, March 14th. Xcel Energy’s dividend payout ratio is currently 66.28%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on XEL. Wells Fargo & Company increased their price objective 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. KeyCorp lifted their price objective on Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Barclays lowered their target price on Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. upgraded Xcel Energy from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $69.00 to $80.00 in a research report on Thursday, December 12th. Finally, Morgan Stanley upped their price objective on Xcel Energy from $75.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 20th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Xcel Energy presently has a consensus rating of “Moderate Buy” and an average price target of $72.30.

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.