6,243 Shares in Xcel Energy Inc. (NASDAQ:XEL) Bought by Polymer Capital Management HK LTD

Polymer Capital Management HK LTD bought a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL) in the 4th quarter, HoldingsChannel.com reports. The firm bought 6,243 shares of the company’s stock, valued at approximately $422,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Ilmarinen Mutual Pension Insurance Co lifted its position in shares of Xcel Energy by 65.4% in the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 155,500 shares of the company’s stock valued at $10,499,000 after acquiring an additional 61,500 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Xcel Energy by 1.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,321,633 shares of the company’s stock valued at $89,237,000 after purchasing an additional 23,341 shares during the period. Oarsman Capital Inc. lifted its holdings in shares of Xcel Energy by 152.8% in the fourth quarter. Oarsman Capital Inc. now owns 8,272 shares of the company’s stock valued at $559,000 after purchasing an additional 5,000 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in shares of Xcel Energy in the fourth quarter worth $12,153,000. Finally, ExodusPoint Capital Management LP grew its holdings in shares of Xcel Energy by 12.7% during the fourth quarter. ExodusPoint Capital Management LP now owns 1,656,325 shares of the company’s stock valued at $111,835,000 after buying an additional 186,347 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Insider Activity at Xcel Energy

In other Xcel Energy news, Director Devin W. Stockfish bought 2,170 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $68.93 per share, for a total transaction of $149,578.10. Following the purchase, 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 Securities & Exchange Commission, which is accessible through this link. 0.09% of the stock is currently owned by company insiders.

Xcel Energy Trading Down 5.9 %

Shares of NASDAQ:XEL opened at $67.89 on Monday. Xcel Energy Inc. has a 1 year low of $51.97 and a 1 year high of $73.38. The firm has a fifty day moving average price of $68.96 and a 200 day moving average price of $67.49. 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 stock has a market capitalization of $39.01 billion, a PE ratio of 19.74, a P/E/G ratio of 2.62 and a beta of 0.39.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.06). Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. Analysts expect that Xcel Energy Inc. will post 3.82 EPS 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. Investors of record on Friday, March 14th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.55. This represents a $2.28 dividend on an annualized basis and a yield of 3.36%. Xcel Energy’s dividend payout ratio (DPR) is presently 66.28%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on XEL shares. Morgan Stanley increased their price objective on Xcel Energy from $75.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. raised shares of Xcel Energy from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $69.00 to $80.00 in a research report on Thursday, December 12th. Barclays boosted their price objective on shares of Xcel Energy from $69.00 to $72.00 and gave the company an “overweight” rating in a research report on Monday, March 31st. Wells Fargo & Company increased their target price on shares of Xcel Energy from $72.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Finally, UBS Group boosted their price target on shares of Xcel Energy from $73.00 to $77.00 and gave the company a “neutral” rating in a report on Tuesday, April 1st. 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, Xcel Energy currently has a consensus rating of “Moderate Buy” and an average price target of $73.00.

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.