Czech National Bank Acquires 16,588 Shares of Xcel Energy Inc. $XEL

Key Points

• Czech National Bank increased its Xcel Energy stake by 10.3% in the second quarter, adding 16,588 shares to hold 177,691 shares valued at approximately $14.3 million. Institutional investors collectively own 78.38% of the company.
• Xcel Energy reported quarterly EPS of $0.93, beating analyst estimates of $0.79, but revenue fell 5.1% year over year to $3.12 billion and missed expectations. Shares opened at $78.07, with a 52-week range of $69.16 to $84.23.
• The company declared a quarterly dividend of $0.5925, equivalent to an annualized $2.37 payout and a 3.0% yield. Analysts maintain a consensus “Buy” rating with an average price target of $92.76.

Czech National Bank lifted its holdings in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 10.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 177,691 shares of the company's stock after purchasing an additional 16,588 shares during the period. Czech National Bank's holdings in Xcel Energy were worth $14,269,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of XEL. PensionDanmark Pensionsforsikringsaktieselskab increased its position in Xcel Energy by 9.7% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 125,350 shares of the company's stock worth $10,066,000 after buying an additional 11,100 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Xcel Energy by 6,158.2% in the second quarter. Assenagon Asset Management S.A. now owns 1,173,283 shares of the company's stock worth $94,215,000 after buying an additional 1,154,535 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Xcel Energy by 8.8% in the second quarter. GAMMA Investing LLC now owns 23,543 shares of the company's stock worth $1,891,000 after buying an additional 1,913 shares during the last quarter. Trilogy Capital Inc. bought a new stake in shares of Xcel Energy during the 2nd quarter worth about $272,000. Finally, CX Institutional boosted its stake in shares of Xcel Energy by 3.5% during the 2nd quarter. CX Institutional now owns 7,595 shares of the company's stock worth $610,000 after acquiring an additional 258 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company's stock.

Xcel Energy Stock Up 1.4%

XEL stock opened at $78.07 on Friday. The stock has a market capitalization of $48.76 billion, a price-to-earnings ratio of 21.39, a price-to-earnings-growth ratio of 2.03 and a beta of 0.39. The company has a 50-day moving average of $79.26 and a two-hundred day moving average of $79.52. Xcel Energy Inc. has a 52-week low of $69.16 and a 52-week high of $84.23. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.70 and a quick ratio of 0.62.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same period in the previous year, the company posted $1.59 earnings per share. The firm's revenue for the quarter was down 5.1% on a year-over-year basis. As a group, equities research analysts anticipate that Xcel Energy Inc. will post 4.11 EPS for the current year.

Xcel Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Tuesday, September 15th will be given a $0.5925 dividend. This represents a $2.37 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 15th. Xcel Energy's payout ratio is currently 64.93%.

Analysts Set New Price Targets

A number of research analysts have recently commented on XEL shares. Morgan Stanley set a $89.00 price objective on Xcel Energy in a report on Wednesday, June 24th. Barclays upped their target price on Xcel Energy from $87.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, July 9th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Xcel Energy in a report on Wednesday, June 17th. Wall Street Zen downgraded Xcel Energy from a "hold" rating to a "sell" rating in a report on Saturday, May 9th. Finally, UBS Group lifted their price target on shares of Xcel Energy from $89.00 to $91.00 and gave the company a "buy" rating in a research report on Monday, April 20th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $92.76.

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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