Kayne Anderson Capital Advisors LP Buys 10,096 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Kayne Anderson Capital Advisors LP increased its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 234,178 shares of the company’s stock after acquiring an additional 10,096 shares during the period. Xcel Energy comprises approximately 0.4% of Kayne Anderson Capital Advisors LP’s holdings, making the stock its 26th largest holding. Kayne Anderson Capital Advisors LP’s holdings in Xcel Energy were worth $15,812,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp boosted its holdings in shares of Xcel Energy by 6.7% in the third quarter. State Street Corp now owns 37,143,025 shares of the company’s stock valued at $2,445,477,000 after buying an additional 2,323,448 shares during the period. Brookfield Corp ON lifted its stake in Xcel Energy by 520.1% in the 3rd quarter. Brookfield Corp ON now owns 2,509,031 shares of the company’s stock valued at $163,840,000 after purchasing an additional 2,104,405 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Xcel Energy during the 4th quarter worth approximately $83,653,000. Reaves W H & Co. Inc. boosted its position 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 purchasing an additional 1,186,427 shares during the period. Finally, Merewether Investment Management LP bought a new stake in shares of Xcel Energy during the 3rd quarter worth about $64,301,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

XEL has been the topic of a number of analyst reports. Morgan Stanley decreased their target price on shares of 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. KeyCorp lifted their price target on shares of Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Barclays dropped their target price on Xcel Energy from $71.00 to $69.00 and set an “overweight” rating for the company in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. upgraded shares of Xcel Energy from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $69.00 to $80.00 in a report on Thursday, December 12th. Finally, Wells Fargo & Company increased their target price on shares of Xcel Energy from $72.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Three equities research 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, the company presently has an average rating of “Moderate Buy” and an average target price of $71.10.

Xcel Energy Stock Down 0.9 %

Shares of NASDAQ:XEL opened at $68.73 on Wednesday. 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 market capitalization of $39.49 billion, a P/E ratio of 19.98, a P/E/G ratio of 2.62 and a beta of 0.37. The stock has a 50 day moving average price of $67.63 and a 200-day moving average price of $66.63. Xcel Energy Inc. has a 52-week low of $50.76 and a 52-week high of $73.38.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data 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 net margin of 14.40% and a return on equity of 10.65%. As a group, equities research analysts anticipate 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. Stockholders of record on Friday, March 14th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.28 annualized dividend and a dividend yield of 3.32%. This is a boost from Xcel Energy’s previous quarterly dividend of $0.55. Xcel Energy’s dividend payout ratio (DPR) is presently 66.28%.

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.