Mackenzie Financial Corp Has $27.86 Million Stake in Xcel Energy Inc. (NASDAQ:XEL)

Mackenzie Financial Corp increased its position in Xcel Energy Inc. (NASDAQ:XEL) by 172.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 393,507 shares of the company’s stock after purchasing an additional 249,182 shares during the period. Mackenzie Financial Corp’s holdings in Xcel Energy were worth $27,856,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First National Advisers LLC boosted its stake in Xcel Energy by 0.5% in the 1st quarter. First National Advisers LLC now owns 33,930 shares of the company’s stock worth $2,401,000 after purchasing an additional 183 shares during the period. LPL Financial LLC boosted its stake in shares of Xcel Energy by 11.3% during the 1st quarter. LPL Financial LLC now owns 1,541,570 shares of the company’s stock valued at $109,128,000 after buying an additional 156,802 shares during the period. Valued Retirements Inc. acquired a new stake in shares of Xcel Energy during the 1st quarter valued at $206,000. Alteri Wealth LLC boosted its stake in shares of Xcel Energy by 106.3% during the 1st quarter. Alteri Wealth LLC now owns 6,330 shares of the company’s stock valued at $448,000 after buying an additional 3,262 shares during the period. Finally, Atlantic Family Wealth LLC boosted its stake in shares of Xcel Energy by 5.2% during the 1st quarter. Atlantic Family Wealth LLC now owns 4,271 shares of the company’s stock valued at $302,000 after buying an additional 213 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on XEL. Wells Fargo & Company set a $78.00 target price on shares of Xcel Energy and gave the company an “overweight” rating in a research note on Friday, April 25th. Evercore ISI lifted their target price on shares of Xcel Energy from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Monday, April 28th. UBS Group lifted their target price on shares of Xcel Energy from $73.00 to $77.00 and gave the company a “neutral” rating in a research note on Tuesday, April 1st. Barclays lifted their target price on shares of Xcel Energy from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Tuesday, April 22nd. Finally, Morgan Stanley decreased their target price on shares of Xcel Energy from $78.00 to $77.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $75.80.

Xcel Energy Stock Up 1.7%

XEL stock opened at $72.34 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.70 and a debt-to-equity ratio of 1.48. Xcel Energy Inc. has a 1 year low of $56.69 and a 1 year high of $73.56. The company has a fifty day simple moving average of $68.97 and a 200 day simple moving average of $68.98. The firm has a market cap of $41.72 billion, a PE ratio of 21.28, a PEG ratio of 2.40 and a beta of 0.36.

Xcel Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, July 20th. Investors of record on Friday, June 13th were issued a $0.57 dividend. The ex-dividend date was Friday, June 13th. This represents a $2.28 annualized dividend and a yield of 3.15%. Xcel Energy’s dividend payout ratio (DPR) is presently 67.06%.

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.