AMG National Trust Bank Makes New Investment in Xcel Energy Inc. $XEL

Key Points

• AMG National Trust Bank purchased 31,019 shares of Xcel Energy in the second quarter, valued at approximately $2.49 million. Other institutions also initiated positions, with institutional investors owning 78.38% of the stock.
• Analysts maintain a favorable outlook, with a consensus “Buy” rating and an average price target of $92.41, compared with Xcel Energy’s opening price of $79.17.
• Xcel Energy reported quarterly EPS of $0.93, beating estimates of $0.79, although revenue fell 5.1% year over year to $3.12 billion. The company also announced a quarterly dividend of $0.5925 per share, representing a 3.0% yield.

AMG National Trust Bank purchased a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 31,019 shares of the company's stock, valued at approximately $2,491,000.

A number of other institutional investors have also modified their holdings of the company. Simplicity Wealth LLC bought a new position in shares of Xcel Energy during the 2nd quarter worth approximately $355,000. Trivium Point Advisory LLC acquired a new stake in shares of Xcel Energy in the 2nd quarter worth $553,000. N.E.W. Advisory Services LLC purchased a new position in Xcel Energy during the 2nd quarter worth $189,000. HBK Sorce Advisory LLC purchased a new position in Xcel Energy during the 2nd quarter worth $252,000. Finally, Global Retirement Partners LLC purchased a new position in Xcel Energy during the 2nd quarter worth $1,352,000. 78.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on XEL shares. Jefferies Financial Group set a $101.00 price target on Xcel Energy in a research note on Tuesday, July 7th. Truist Financial dropped their price target on Xcel Energy from $94.00 to $88.00 and set a "buy" rating on the stock in a research note on Thursday. BMO Capital Markets cut their price objective on shares of Xcel Energy from $95.00 to $92.00 and set an "outperform" rating on the stock in a report on Wednesday, July 22nd. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Xcel Energy in a research report on Wednesday, June 17th. 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 given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $92.41.

Xcel Energy Price Performance

Xcel Energy stock opened at $79.17 on Monday. The business's 50-day simple moving average is $79.32 and its two-hundred day simple moving average is $79.64. 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 company has a market cap of $49.45 billion, a PE ratio of 21.69, a PEG ratio of 2.06 and a beta of 0.39. Xcel Energy Inc. has a fifty-two week low of $69.16 and a fifty-two week high of $84.23.

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

Xcel Energy Dividend Announcement

The firm also recently announced 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 3.0%. The ex-dividend date of this dividend is Tuesday, September 15th. Xcel Energy's dividend payout ratio (DPR) is 64.93%.

Xcel Energy 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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