86,371 Shares in Xcel Energy Inc. $XEL Acquired by Greenland Capital Management LP

Key Points

• Greenland Capital Management acquired 86,371 shares of Xcel Energy worth approximately $6.94 million during the second quarter. Institutional investors collectively own 78.38% of Xcel’s outstanding shares.
• Analysts remain broadly positive, with Xcel receiving a consensus “Buy” rating and an average price target of $92.41. Recent targets range from $89 to $99.
• Xcel reported quarterly EPS of $0.93, beating estimates of $0.79, while revenue fell 5.1% year over year to $3.12 billion. The company declared a quarterly dividend of $0.5925, equivalent to a 3.1% annual yield.

Greenland Capital Management LP acquired a new position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 86,371 shares of the company's stock, valued at approximately $6,936,000.

A number of other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new stake in shares of Xcel Energy during the 2nd quarter worth approximately $280,187,000. Jupiter Topco LLC acquired a new position in Xcel Energy in the second quarter valued at approximately $94,211,000. Cbre Investment Management Listed Real Assets LLC lifted its holdings in Xcel Energy by 18.1% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,324,667 shares of the company's stock valued at $171,700,000 after buying an additional 356,208 shares during the period. Reaves W H & Co. Inc. boosted its stake in Xcel Energy by 13.1% in the fourth quarter. Reaves W H & Co. Inc. now owns 3,579,918 shares of the company's stock valued at $264,413,000 after acquiring an additional 415,759 shares during the last quarter. Finally, Electron Capital Partners LLC boosted its stake in Xcel Energy by 15.2% in the fourth quarter. Electron Capital Partners LLC now owns 1,936,695 shares of the company's stock valued at $143,044,000 after acquiring an additional 255,884 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on XEL shares. Morgan Stanley dropped 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 research report on Friday, August 21st. KeyCorp restated an "overweight" rating on shares of Xcel Energy in a research report on Monday, June 8th. New Street Research set a $91.00 price objective on Xcel Energy in a research note on Tuesday, June 23rd. BTIG Research reiterated a "buy" rating and issued a $99.00 price objective on shares of Xcel Energy in a report on Friday, July 31st. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Xcel Energy in a report on Wednesday, June 17th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Xcel Energy presently has a consensus rating of "Buy" and a consensus price target of $92.41.

Xcel Energy Price Performance

Shares of NASDAQ XEL opened at $75.72 on Monday. Xcel Energy Inc. has a 52-week low of $71.29 and a 52-week high of $84.23. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.62 and a current ratio of 0.70. The stock has a market cap of $47.30 billion, a P/E ratio of 20.75, a P/E/G ratio of 2.56 and a beta of 0.39. The firm has a 50 day moving average price of $78.74 and a 200 day moving average price of $79.64.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.14. The company had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.54 billion. Xcel Energy had a net margin of 15.28% and a return on equity of 10.65%. The business's revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period last year, the business posted $1.59 earnings per share. Analysts expect that Xcel Energy Inc. will post 4.11 EPS for the current 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 given a $0.5925 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.1%. Xcel Energy's dividend payout ratio is currently 64.93%.

Xcel Energy Company Profile

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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