Empirical Finance LLC Purchases 2,482 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Empirical Finance LLC increased its position in Xcel Energy Inc. (NASDAQ:XELGet Rating) by 37.5% in the 4th quarter, Holdings Channel reports. The firm owned 9,099 shares of the company’s stock after buying an additional 2,482 shares during the quarter. Empirical Finance LLC’s holdings in Xcel Energy were worth $616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the stock. Regency Capital Management Inc. DE bought a new position in shares of Xcel Energy during the fourth quarter valued at $2,067,000. Larson Financial Group LLC lifted its holdings in shares of Xcel Energy by 4,034.9% during the fourth quarter. Larson Financial Group LLC now owns 5,210 shares of the company’s stock valued at $353,000 after acquiring an additional 5,084 shares during the period. American Assets Investment Management LLC bought a new position in shares of Xcel Energy during the fourth quarter valued at $4,739,000. Advisor Group Holdings Inc. lifted its holdings in shares of Xcel Energy by 4.1% during the fourth quarter. Advisor Group Holdings Inc. now owns 156,618 shares of the company’s stock valued at $10,606,000 after acquiring an additional 6,130 shares during the period. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of Xcel Energy by 20.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 10,420 shares of the company’s stock valued at $705,000 after acquiring an additional 1,790 shares during the period. 74.43% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy stock opened at $74.34 on Monday. The stock has a 50-day simple moving average of $69.85 and a 200 day simple moving average of $67.49. The company has a quick ratio of 0.72, a current ratio of 0.84 and a debt-to-equity ratio of 1.40. Xcel Energy Inc. has a 12-month low of $61.15 and a 12-month high of $75.52. The stock has a market capitalization of $40.48 billion, a price-to-earnings ratio of 25.11, a P/E/G ratio of 3.69 and a beta of 0.36.

Xcel Energy (NASDAQ:XELGet Rating) last released its quarterly earnings results on Thursday, January 27th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.58. The business had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Xcel Energy had a return on equity of 10.60% and a net margin of 11.89%. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.54 earnings per share. As a group, sell-side analysts anticipate that Xcel Energy Inc. will post 3.17 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 20th. Investors of record on Tuesday, March 15th will be given a $0.4875 dividend. This represents a $1.95 dividend on an annualized basis and a yield of 2.62%. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Monday, March 14th. Xcel Energy’s dividend payout ratio (DPR) is presently 65.88%.

A number of brokerages have issued reports on XEL. Evercore ISI raised Xcel Energy from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $70.00 to $75.00 in a report on Tuesday, January 25th. Mizuho raised Xcel Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $64.00 to $72.00 in a report on Monday, January 10th. Finally, KeyCorp lifted their price objective on Xcel Energy from $76.00 to $78.00 and gave the company an “overweight” rating in a report on Thursday, April 7th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $72.56.

Xcel Energy Profile (Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for Xcel Energy (NASDAQ:XEL)

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