Greenland Capital Management LP purchased a new stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 86,371 shares of the company's stock, valued at approximately $6,936,000. Xcel Energy comprises approximately 0.9% of Greenland Capital Management LP's portfolio, making the stock its 26th largest holding.
Several other large investors also recently bought and sold shares of XEL. Daiichi Life Insurance Co. Ltd. acquired a new position in Xcel Energy in the second quarter valued at $1,901,000. Commerce Bank acquired a new stake in shares of Xcel Energy during the second quarter worth about $12,671,000. GQG Partners LLC acquired a new stake in shares of Xcel Energy during the second quarter worth about $891,688,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Xcel Energy in the 2nd quarter valued at about $6,649,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Xcel Energy in the 2nd quarter valued at about $6,096,000. Institutional investors and hedge funds own 78.38% of the company's stock.
Xcel Energy Price Performance
Shares of XEL opened at $76.30 on Friday. Xcel Energy Inc. has a fifty-two week low of $71.29 and a fifty-two week high of $84.23. The company has a market capitalization of $47.66 billion, a price-to-earnings ratio of 20.90, a price-to-earnings-growth ratio of 1.98 and a beta of 0.39. The firm has a 50-day simple moving average of $79.35 and a 200-day simple moving average of $79.70. 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 issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.14. The firm had revenue of $3.12 billion for the quarter, compared to analysts' expectations of $3.54 billion. Xcel Energy had a return on equity of 10.65% and a net margin of 15.28%.The firm's revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.59 EPS. On average, equities research analysts anticipate that Xcel Energy Inc. will post 4.12 earnings per share for the current year.
Xcel Energy Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Tuesday, September 15th will be paid a $0.5925 dividend. 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 64.93%.
Analyst Upgrades and Downgrades
XEL has been the subject of a number of research analyst reports. BMO Capital Markets decreased their target price on Xcel Energy from $95.00 to $92.00 and set an "outperform" rating for the company in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. boosted their price objective on Xcel Energy from $91.00 to $102.00 and gave the company an "overweight" rating in a research note on Thursday, July 16th. BTIG Research reissued a "buy" rating and issued a $99.00 price objective on shares of Xcel Energy in a report on Friday, July 31st. Truist Financial lowered their target price on shares of Xcel Energy from $94.00 to $88.00 and set a "buy" rating on the stock in a research report on Thursday, August 13th. Finally, Barclays raised their target price on shares of Xcel Energy from $87.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Xcel Energy presently has a consensus rating of "Buy" and a consensus price target of $92.41.
View Our Latest Stock Analysis on XEL
Xcel Energy Company Profile
(
Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Xcel Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Xcel Energy wasn't on the list.
While Xcel Energy currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries.
"Physical AI" is coming to the United States, and there are four ways that investors can gain exposure to this new robotics revolution. Plus, learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
