Flagship Wealth Advisors LLC Invests $86,000 in Xcel Energy Inc. (NASDAQ:XEL)

Flagship Wealth Advisors LLC purchased a new position in shares of Xcel Energy Inc. (NASDAQ:XEL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,267 shares of the company’s stock, valued at approximately $86,000.

Several other hedge funds have also made changes to their positions in XEL. Sierra Ocean LLC acquired a new stake in Xcel Energy in the fourth quarter valued at approximately $26,000. Fairway Wealth LLC acquired a new stake in Xcel Energy in the fourth quarter valued at approximately $27,000. Crews Bank & Trust acquired a new stake in Xcel Energy in the fourth quarter valued at approximately $34,000. MCF Advisors LLC raised its holdings in Xcel Energy by 566.3% in the fourth quarter. MCF Advisors LLC now owns 593 shares of the company’s stock valued at $40,000 after acquiring an additional 504 shares in the last quarter. Finally, First Financial Corp IN acquired a new stake in Xcel Energy in the fourth quarter valued at approximately $46,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Insider Buying and Selling

In related news, Director Devin W. Stockfish purchased 2,170 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average cost of $68.93 per share, with a total value of $149,578.10. Following the completion of the acquisition, the director now directly owns 3,007 shares in the company, valued at $207,272.51. This trade represents a 259.26 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.09% of the company’s stock.

Xcel Energy Stock Performance

Shares of XEL opened at $69.96 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. The firm has a market cap of $40.20 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 2.62 and a beta of 0.37. The company’s 50 day simple moving average is $67.85 and its 200-day simple moving average is $66.86. Xcel Energy Inc. has a 12-month low of $51.37 and a 12-month high of $73.38.

Xcel Energy (NASDAQ:XEL) last issued 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, equities analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Xcel Energy’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a dividend yield of 3.26%. Xcel Energy’s dividend payout ratio (DPR) is currently 66.28%.

Analysts Set New Price Targets

XEL has been the topic of several analyst reports. JPMorgan Chase & Co. raised shares of Xcel Energy from a “neutral” rating to an “overweight” rating and raised their target price for the company from $69.00 to $80.00 in a report on Thursday, December 12th. Wells Fargo & Company increased their price target on shares of Xcel Energy from $72.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Barclays dropped their price target on shares of Xcel Energy from $71.00 to $69.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 22nd. KeyCorp increased their price target on shares of Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Finally, Morgan Stanley dropped 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 research note on Friday, November 22nd. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.