617,452 Shares in Xcel Energy Inc. $XEL Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company purchased a new position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 617,452 shares of the company's stock, valued at approximately $49,581,000. The Manufacturers Life Insurance Company owned about 0.10% of Xcel Energy as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Sone Capital Management LLC acquired a new stake in shares of Xcel Energy during the 2nd quarter valued at $7,939,000. Peak Asset Management LLC acquired a new position in shares of Xcel Energy in the 2nd quarter worth $322,000. Fiduciary Financial Advisors acquired a new position in shares of Xcel Energy in the 2nd quarter worth $54,000. L2 Asset Management LLC acquired a new stake in shares of Xcel Energy during the second quarter worth $286,000. Finally, Partners Capital Investment Group LLP acquired a new stake in shares of Xcel Energy during the second quarter worth $800,000. Institutional investors own 78.38% of the company's stock.

Xcel Energy Stock Performance

Shares of XEL opened at $77.68 on Thursday. The company's 50 day moving average price is $79.28 and its 200 day moving average price is $79.76. Xcel Energy Inc. has a 52 week low of $71.29 and a 52 week high of $84.23. The company has a market capitalization of $48.52 billion, a PE ratio of 21.28, a PEG ratio of 2.00 and a beta of 0.39. 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 released its earnings results on Wednesday, July 29th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.14. The company had revenue of $3.12 billion during 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 was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.59 EPS. Research analysts expect that Xcel Energy Inc. will post 4.12 EPS for the current fiscal year.

Xcel Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Investors 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 3.1%. The ex-dividend date is Tuesday, September 15th. Xcel Energy's dividend payout ratio (DPR) is currently 64.93%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on XEL shares. Jefferies Financial Group set a $101.00 target price on Xcel Energy in a report on Tuesday, July 7th. New Street Research set a $91.00 price objective on Xcel Energy in a report on Tuesday, June 23rd. KeyCorp reaffirmed an "overweight" rating on shares of Xcel Energy in a research note on Monday, June 8th. Morgan Stanley decreased their target price on shares of Xcel Energy from $92.00 to $89.00 and set an "equal weight" rating for the company in a report on Friday, August 21st. Finally, Evercore reissued an "outperform" rating and issued a $96.00 target price on shares of Xcel Energy in a research report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $92.41.

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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