B. Metzler seel. Sohn & Co. AG Buys Shares of 29,270 Xcel Energy Inc. $XEL

Key Points

• B. Metzler seel. Sohn & Co. AG bought 29,270 shares of Xcel Energy in the second quarter, worth approximately $2.35 million. Institutional investors collectively own 78.38% of the company.
• Analysts maintain a favorable outlook, with a consensus rating of “Buy” and an average price target of $92.41, compared with the stock’s $76.30 opening price.
• Xcel Energy reported quarterly EPS of $0.93, beating estimates of $0.79, while revenue fell 5.1% year over year. The company declared a quarterly dividend of $0.5925 per share, representing a 3.1% annualized yield.

B. Metzler seel. Sohn & Co. AG purchased a new position 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 institutional investor purchased 29,270 shares of the company's stock, valued at approximately $2,350,000.

A number of other hedge funds have also made changes to their positions in the stock. Quadrant Capital Group LLC lifted its position in Xcel Energy by 1.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 7,358 shares of the company's stock worth $593,000 after buying an additional 125 shares in the last quarter. Bleakley Financial Group LLC grew its holdings in shares of Xcel Energy by 0.5% during the 4th quarter. Bleakley Financial Group LLC now owns 28,949 shares of the company's stock valued at $2,138,000 after acquiring an additional 131 shares in the last quarter. Hills Bank & Trust Co increased its stake in shares of Xcel Energy by 2.2% in the fourth quarter. Hills Bank & Trust Co now owns 6,184 shares of the company's stock worth $457,000 after acquiring an additional 133 shares during the last quarter. Keel Point LLC increased its stake in shares of Xcel Energy by 2.6% in the fourth quarter. Keel Point LLC now owns 5,485 shares of the company's stock worth $405,000 after acquiring an additional 137 shares during the last quarter. Finally, KCM Investment Advisors LLC raised its holdings in shares of Xcel Energy by 1.9% during the first quarter. KCM Investment Advisors LLC now owns 7,549 shares of the company's stock worth $600,000 after acquiring an additional 140 shares in the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XEL has been the subject of a number of recent research reports. KeyCorp reiterated an "overweight" rating on shares of Xcel Energy in a report on Monday, June 8th. Jefferies Financial Group set a $101.00 price objective on Xcel Energy in a report on Tuesday, July 7th. Evercore reaffirmed an "outperform" rating and set a $96.00 price objective on shares of Xcel Energy in a research report on Monday, May 4th. Mizuho set a $92.00 target price on shares of Xcel Energy in a research note on Friday, July 31st. Finally, BMO Capital Markets decreased their target price on shares of Xcel Energy from $95.00 to $92.00 and set an "outperform" rating for the company in a research report on Wednesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $92.41.

Xcel Energy Trading Down 3.1%

Shares of XEL stock opened at $76.30 on Friday. Xcel Energy Inc. has a 12 month low of $71.29 and a 12 month high of $84.23. The company has a market cap of $47.66 billion, a PE ratio of 20.90, a price-to-earnings-growth ratio of 1.98 and a beta of 0.39. The company has a quick ratio of 0.62, a current ratio of 0.70 and a debt-to-equity ratio of 1.49. The business's 50 day moving average is $79.35 and its two-hundred day moving average is $79.70.

Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.14. The business had revenue of $3.12 billion during the quarter, compared to analysts' expectations of $3.54 billion. Xcel Energy had a net margin of 15.28% and a return on equity of 10.65%. Xcel Energy's revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.59 earnings per share. Equities analysts predict that Xcel Energy Inc. will post 4.12 EPS for the current year.

Xcel Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.5925 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.37 dividend on an annualized basis and a yield of 3.1%. Xcel Energy's 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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