39,394 Shares in Xcel Energy Inc. $XEL Bought by First National Bank of Omaha

Key Points

• First National Bank of Omaha acquired 39,394 Xcel Energy shares worth approximately $3.16 million in the second quarter. Institutional investors collectively own 78.38% of the company.
• Analysts remain broadly positive, with a consensus “Buy” rating and an average price target of $92.41, above the stock’s reported $79.17 opening price.
• Xcel Energy exceeded quarterly earnings expectations with EPS of $0.93 versus $0.79 expected, while revenue fell 5.1% year over year. The company also announced a quarterly dividend of $0.5925 per share, representing a 3.0% annualized yield.

First National Bank of Omaha acquired a new position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 39,394 shares of the company's stock, valued at approximately $3,163,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC purchased a new position in shares of Xcel Energy during the fourth quarter valued at approximately $240,000. Empowered Funds LLC lifted its stake in shares of Xcel Energy by 30.7% during the 1st quarter. Empowered Funds LLC now owns 13,810 shares of the company's stock worth $978,000 after acquiring an additional 3,242 shares during the last quarter. Woodline Partners LP lifted its stake in shares of Xcel Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 48,515 shares of the company's stock worth $3,434,000 after acquiring an additional 14,029 shares during the last quarter. Brown Advisory Inc. boosted its holdings in Xcel Energy by 4.8% during the 2nd quarter. Brown Advisory Inc. now owns 10,193 shares of the company's stock valued at $694,000 after acquiring an additional 469 shares during the period. Finally, Cary Street Partners Financial LLC boosted its holdings in Xcel Energy by 16.0% during the 2nd quarter. Cary Street Partners Financial LLC now owns 2,620 shares of the company's stock valued at $178,000 after acquiring an additional 362 shares during the period. Hedge funds and other institutional investors own 78.38% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on XEL. KeyCorp reiterated an "overweight" rating on shares of Xcel Energy in a research note on Monday, June 8th. Jefferies Financial Group set a $101.00 price target on shares of Xcel Energy in a report on Tuesday, July 7th. Truist Financial reduced their price target on shares of Xcel Energy from $94.00 to $88.00 and set a "buy" rating on the stock in a research note on Thursday, August 13th. Evercore reissued an "outperform" rating and issued a $96.00 price objective on shares of Xcel Energy in a research report on Monday, May 4th. Finally, BTIG Research restated a "buy" rating and issued a $99.00 target price on shares of Xcel Energy in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $92.41.

Xcel Energy Trading Down 0.1%

Shares of XEL stock opened at $79.17 on Wednesday. Xcel Energy Inc. has a fifty-two week low of $71.29 and a fifty-two week high of $84.23. The firm has a market capitalization of $49.45 billion, a P/E ratio of 21.69, a PEG ratio of 2.06 and a beta of 0.39. The stock's fifty day moving average is $79.37 and its two-hundred day moving average is $79.68. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.62 and a current ratio of 0.70.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.14. The firm had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.54 billion. Xcel Energy had a net margin of 15.28% and a return on equity of 10.65%. The company's revenue for the quarter was down 5.1% on a year-over-year basis. During the same period last year, the firm posted $1.59 earnings per share. Research analysts expect that Xcel Energy Inc. will post 4.11 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.5925 per share. This represents a $2.37 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, September 15th. Xcel Energy's payout ratio is currently 64.93%.

About Xcel Energy

Xcel Energy NASDAQ: XEL is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company's core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.

Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.

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