Callan Family Office LLC acquired a new stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 20,129 shares of the company's stock, valued at approximately $1,616,000.
Several other large investors also recently modified their holdings of the company. Heartland Advisors Inc. bought a new stake in Xcel Energy during the second quarter valued at $9,863,000. Keating Financial Advisory Services Inc. bought a new position in shares of Xcel Energy in the 2nd quarter worth about $88,000. Patron Partners LLC bought a new position in shares of Xcel Energy in the 2nd quarter worth about $448,000. OneAscent Financial Services LLC acquired a new position in shares of Xcel Energy in the 2nd quarter valued at about $794,000. Finally, Allworth Financial LP acquired a new position in shares of Xcel Energy in the 2nd quarter valued at about $17,470,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.
Xcel Energy Price Performance
Shares of NASDAQ:XEL opened at $76.30 on Monday. The stock has a market cap of $47.66 billion, a price-to-earnings ratio of 20.90, a PEG 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. Xcel Energy Inc. has a 12-month low of $71.29 and a 12-month high of $84.23. The business's 50 day moving average is $79.35 and its 200 day moving average is $79.73.
Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.93 EPS for the quarter, beating 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 business had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same period in the prior year, the firm posted $1.59 EPS. Xcel Energy's quarterly revenue was down 5.1% compared to the same quarter last year. On average, sell-side analysts forecast that Xcel Energy Inc. will post 4.12 earnings per share for the current fiscal year.
Xcel Energy Dividend Announcement
The company also recently announced 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 annualized dividend and a dividend yield of 3.1%. Xcel Energy's dividend payout ratio is currently 64.93%.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the company. New Street Research set a $91.00 target price on Xcel Energy in a research note on Tuesday, June 23rd. Wall Street Zen lowered Xcel Energy from a "hold" rating to a "sell" rating in a research note on Saturday, May 9th. Mizuho set a $92.00 price target on Xcel Energy in a report on Friday, July 31st. Barclays raised their price objective 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. Finally, Truist Financial lowered their price objective on shares of Xcel Energy from $94.00 to $88.00 and set a "buy" rating for the company in a research note on Thursday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $92.41.
Get Our Latest Stock Analysis on XEL
About Xcel Energy
(
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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