Headlands Technologies LLC Has $5.35 Million Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

Headlands Technologies LLC raised its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 39.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 79,188 shares of the company’s stock after purchasing an additional 22,417 shares during the quarter. Xcel Energy makes up approximately 0.5% of Headlands Technologies LLC’s investment portfolio, making the stock its 28th largest holding. Headlands Technologies LLC’s holdings in Xcel Energy were worth $5,347,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Dakota Wealth Management boosted its position in shares of Xcel Energy by 0.7% during the 4th quarter. Dakota Wealth Management now owns 23,130 shares of the company’s stock valued at $1,562,000 after purchasing an additional 151 shares in the last quarter. Rothschild Investment LLC lifted its stake in Xcel Energy by 26.0% in the fourth quarter. Rothschild Investment LLC now owns 731 shares of the company’s stock valued at $49,000 after buying an additional 151 shares during the period. GenTrust LLC boosted its holdings in shares of Xcel Energy by 4.5% during the 4th quarter. GenTrust LLC now owns 3,602 shares of the company’s stock worth $243,000 after buying an additional 155 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in shares of Xcel Energy by 23.2% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 827 shares of the company’s stock worth $56,000 after buying an additional 156 shares in the last quarter. Finally, Integris Wealth Management LLC grew its position in shares of Xcel Energy by 2.6% during the 4th quarter. Integris Wealth Management LLC now owns 6,323 shares of the company’s stock worth $427,000 after buying an additional 160 shares during the period. Institutional investors own 78.38% of the company’s stock.

Insider Transactions at Xcel Energy

In other Xcel Energy news, Director Devin W. Stockfish bought 2,170 shares of the firm’s stock in a transaction dated 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 transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.09% of the company’s stock.

Xcel Energy Trading Up 1.5 %

Shares of Xcel Energy stock opened at $70.79 on Tuesday. The company has a market capitalization of $40.67 billion, a P/E ratio of 20.58, a price-to-earnings-growth ratio of 2.62 and a beta of 0.37. The stock has a fifty day simple moving average of $68.67 and a 200 day simple moving average of $67.32. Xcel Energy Inc. has a 12-month low of $51.97 and a 12-month high of $73.38. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Thursday, February 6th. The company reported $0.81 earnings per share (EPS) 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%. On average, sell-side analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, April 20th. Shareholders 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 3.22%. This is a boost from Xcel Energy’s previous quarterly dividend of $0.55. Xcel Energy’s dividend payout ratio (DPR) is currently 66.28%.

Wall Street Analyst Weigh In

XEL has been the topic of several research analyst reports. JPMorgan Chase & Co. raised shares of Xcel Energy from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $69.00 to $80.00 in a research note on Thursday, December 12th. Barclays increased their price objective on shares of Xcel Energy from $69.00 to $72.00 and gave the stock an “overweight” rating in a research report on Monday. KeyCorp boosted their target price on Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Morgan Stanley increased their price target on Xcel Energy from $75.00 to $78.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. Finally, Wells Fargo & Company boosted their price objective on Xcel Energy from $72.00 to $75.00 and gave the company an “overweight” rating in a 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, the company has an average rating of “Moderate Buy” and a consensus price target of $72.60.

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.