Allworth Financial LP acquired a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 217,555 shares of the company's stock, valued at approximately $17,470,000.
Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Xcel Energy during the 2nd quarter worth $4,890,136,000. Deutsche Bank AG bought a new position in Xcel Energy during the second quarter valued at about $433,927,000. Barclays PLC raised its holdings in Xcel Energy by 63.6% during the fourth quarter. Barclays PLC now owns 9,979,397 shares of the company's stock valued at $737,078,000 after buying an additional 3,881,011 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Xcel Energy by 16.9% in the fourth quarter. JPMorgan Chase & Co. now owns 24,572,438 shares of the company's stock worth $1,814,920,000 after buying an additional 3,546,423 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Xcel Energy in the second quarter worth about $280,187,000. 78.38% of the stock is owned by institutional investors and hedge funds.
Xcel Energy Stock Down 0.9%
NASDAQ:XEL opened at $78.71 on Friday. The firm has a market capitalization of $49.16 billion, a price-to-earnings ratio of 21.56, a price-to-earnings-growth ratio of 2.06 and a beta of 0.39. Xcel Energy Inc. has a twelve month low of $71.29 and a twelve month high of $84.23. The stock's 50 day moving average price is $79.41 and its two-hundred day moving average price is $79.72. The company has a quick ratio of 0.62, a current ratio of 0.70 and a debt-to-equity ratio of 1.49.
Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.79 by $0.14. Xcel Energy had a return on equity of 10.65% and a net margin of 15.28%.The company had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.54 billion. During the same quarter in the prior year, the firm posted $1.59 EPS. The firm's revenue for the quarter was down 5.1% compared to the same quarter last year. Equities research analysts expect that Xcel Energy Inc. will post 4.11 earnings per share 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. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.5925 per share. The ex-dividend date is Tuesday, September 15th. This represents a $2.37 annualized dividend and a dividend yield of 3.0%. Xcel Energy's payout ratio is currently 64.93%.
Wall Street Analyst Weigh In
A number of analysts have issued reports on the company. Morgan Stanley set a $89.00 target price on Xcel Energy in a report on Wednesday, June 24th. Truist Financial reduced their price objective on Xcel Energy from $94.00 to $88.00 and set a "buy" rating for the company in a research report on Thursday, August 13th. Weiss Ratings restated a "buy (b-)" rating on shares of Xcel Energy in a research note on Wednesday, June 17th. KeyCorp reaffirmed an "overweight" rating on shares of Xcel Energy in a research report on Monday, June 8th. Finally, Mizuho set a $92.00 target price on shares of Xcel Energy in a research note on Friday, July 31st. Two 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.
Get Our Latest Stock Report 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.
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