Corient Private Wealth LP Has $21.30 Million Stock Position in Xcel Energy Inc. $XEL

Key Points

• Corient Private Wealth LP increased its Xcel Energy stake by 151.6% in the second quarter, holding 265,278 shares valued at approximately $21.3 million. Institutional investors collectively own 78.38% of XEL.
• Analysts maintain a broadly positive outlook, with a consensus “Buy” rating and an average price target of $92.41, above the reported share price of $76.45.
• Xcel Energy beat quarterly earnings expectations with $0.93 in EPS versus $0.79 expected, though revenue fell 5.1% year over year. The company declared a quarterly dividend of $0.5925, representing a 3.1% annualized yield.

Corient Private Wealth LP increased its stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 151.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 265,278 shares of the company's stock after purchasing an additional 159,831 shares during the period. Corient Private Wealth LP's holdings in Xcel Energy were worth $21,302,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of XEL. BlackRock Inc. bought a new position in Xcel Energy in the 2nd quarter valued at about $4,890,136,000. GQG Partners LLC bought a new stake in shares of Xcel Energy during the 2nd quarter worth approximately $891,688,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Xcel Energy during the 2nd quarter worth approximately $708,086,000. Legal & General Group Plc acquired a new stake in shares of Xcel Energy during the 2nd quarter worth approximately $503,543,000. Finally, Deutsche Bank AG acquired a new stake in shares of Xcel Energy during the 2nd quarter worth approximately $433,927,000. Institutional investors and hedge funds own 78.38% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on XEL shares. Mizuho set a $92.00 price objective on shares of Xcel Energy in a research report on Friday, July 31st. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Xcel Energy in a report on Wednesday, June 17th. BMO Capital Markets decreased their price target on Xcel Energy from $95.00 to $92.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 22nd. Jefferies Financial Group set a $101.00 price target on Xcel Energy in a report on Tuesday, July 7th. Finally, KeyCorp restated an "overweight" rating on shares of Xcel Energy in a research report on Monday, June 8th. 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. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $92.41.

Xcel Energy Trading Down 0.9%

Shares of Xcel Energy stock opened at $76.45 on Friday. The firm has a market capitalization of $47.75 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 2.00 and a beta of 0.39. The company has a current ratio of 0.70, a quick ratio of 0.62 and a debt-to-equity ratio of 1.49. The firm's 50 day moving average is $79.25 and its 200 day moving average is $79.75. Xcel Energy Inc. has a 1 year low of $71.29 and a 1 year high of $84.23.

Xcel Energy (NASDAQ:XEL - Get Free Report) last issued 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 net margin of 15.28% and a return on equity of 10.65%. The business 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 earned $1.59 EPS. The firm's revenue was down 5.1% compared to the same quarter last year. Equities research analysts forecast that Xcel Energy Inc. will post 4.12 earnings per share for the current fiscal year.

Xcel Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Tuesday, September 15th will be paid a $0.5925 dividend. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Tuesday, September 15th. Xcel Energy's dividend payout ratio is presently 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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