Mackenzie Financial Corp Acquires 17,003 Shares of Xcel Energy Inc. (NASDAQ:XEL)

Mackenzie Financial Corp boosted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 10.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 179,348 shares of the company’s stock after purchasing an additional 17,003 shares during the quarter. Mackenzie Financial Corp’s holdings in Xcel Energy were worth $11,103,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in XEL. Quilter Plc bought a new stake in shares of Xcel Energy in the 1st quarter worth approximately $255,201,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Xcel Energy in the 1st quarter worth approximately $27,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Xcel Energy in the 4th quarter worth approximately $25,000. Royal London Asset Management Ltd. bought a new stake in shares of Xcel Energy in the 3rd quarter worth approximately $27,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Xcel Energy in the 3rd quarter worth approximately $31,000. Institutional investors own 78.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on XEL. Royal Bank of Canada raised their price objective on Xcel Energy from $67.00 to $68.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 30th. KeyCorp dropped their target price on Xcel Energy from $68.00 to $65.00 and set an “overweight” rating for the company in a report on Friday. Wolfe Research raised Xcel Energy from a “peer perform” rating to an “outperform” rating and set a $58.00 target price for the company in a report on Monday, March 11th. Wells Fargo & Company increased their target price on Xcel Energy from $63.00 to $64.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. Finally, Barclays raised Xcel Energy from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $61.00 to $54.00 in a report on Monday, March 11th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Xcel Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.83.

Xcel Energy Trading Up 1.8 %

XEL stock opened at $54.72 on Friday. The business has a fifty day moving average price of $54.16 and a 200 day moving average price of $58.14. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $71.32. The stock has a market capitalization of $30.40 billion, a price-to-earnings ratio of 17.05, a P/E/G ratio of 2.51 and a beta of 0.36. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.72 and a quick ratio of 0.59.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings results on Thursday, January 25th. The company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). Xcel Energy had a net margin of 12.47% and a return on equity of 10.78%. The business had revenue of $3.44 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period in the prior year, the business earned $0.69 earnings per share. The company’s revenue for the quarter was down 15.1% on a year-over-year basis. Analysts expect that Xcel Energy Inc. will post 3.56 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, April 20th. Stockholders of record on Friday, March 15th will be paid a $0.548 dividend. This is a boost from Xcel Energy’s previous quarterly dividend of $0.52. This represents a $2.19 annualized dividend and a dividend yield of 4.01%. The ex-dividend date of this dividend is Thursday, March 14th. Xcel Energy’s dividend payout ratio (DPR) is 68.22%.

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.