Barrow Hanley Mewhinney & Strauss LLC Invests $708.09 Million in Xcel Energy Inc. $XEL

Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 8,818,013 shares of the company's stock, valued at approximately $708,086,000. Xcel Energy comprises approximately 2.1% of Barrow Hanley Mewhinney & Strauss LLC's portfolio, making the stock its 6th biggest holding. Barrow Hanley Mewhinney & Strauss LLC owned about 1.41% of Xcel Energy at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of XEL. Brighton Jones LLC bought a new stake in shares of Xcel Energy in the 4th quarter worth about $240,000. Empowered Funds LLC lifted its holdings in shares of Xcel Energy by 30.7% in the 1st quarter. Empowered Funds LLC now owns 13,810 shares of the company's stock valued at $978,000 after acquiring an additional 3,242 shares during the last quarter. Woodline Partners LP lifted its holdings in shares of Xcel Energy by 40.7% in the 1st quarter. Woodline Partners LP now owns 48,515 shares of the company's stock valued at $3,434,000 after acquiring an additional 14,029 shares during the last quarter. Brown Advisory Inc. grew its position in Xcel Energy by 4.8% in the second quarter. Brown Advisory Inc. now owns 10,193 shares of the company's stock worth $694,000 after acquiring an additional 469 shares in the last quarter. Finally, Cary Street Partners Financial LLC grew its position in Xcel Energy by 16.0% in the second quarter. Cary Street Partners Financial LLC now owns 2,620 shares of the company's stock worth $178,000 after acquiring an additional 362 shares in the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on XEL. Morgan Stanley decreased their price objective on Xcel Energy from $92.00 to $89.00 and set an "equal weight" rating on the stock in a research report on Friday. Wall Street Zen cut Xcel Energy from a "hold" rating to a "sell" rating in a report on Saturday, May 9th. Evercore reissued an "outperform" rating and set a $96.00 target price on shares of Xcel Energy in a research report on Monday, May 4th. New Street Research set a $91.00 price target on Xcel Energy in a report on Tuesday, June 23rd. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Xcel Energy in a research report on Wednesday, June 17th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Xcel Energy presently has an average rating of "Buy" and an average target price of $92.41.

Xcel Energy Price Performance

Shares of XEL stock opened at $76.30 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 firm has a market capitalization of $47.66 billion, a P/E ratio of 20.90, a P/E/G ratio of 1.98 and a beta of 0.39. The stock has a 50 day moving average price of $79.35 and a 200 day moving average price of $79.73.

Xcel Energy (NASDAQ:XEL - Get Free Report) last announced 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 for the quarter, compared to the consensus estimate of $3.54 billion. During the same quarter in the prior year, the company posted $1.59 EPS. Xcel Energy's quarterly revenue was down 5.1% on a year-over-year basis. As a group, sell-side analysts predict that Xcel Energy Inc. will post 4.12 earnings per share for the current year.

Xcel Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Tuesday, September 15th will be issued 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 presently 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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