Deutsche Bank AG Invests $433.93 Million in Xcel Energy Inc. $XEL

Key Points

• Deutsche Bank acquired 5.4 million Xcel Energy shares worth approximately $433.9 million in the second quarter, giving it about a 0.87% stake. Institutional investors collectively own 78.38% of XEL.
• Xcel Energy reported quarterly EPS of $0.93, exceeding the $0.79 consensus estimate, while revenue fell 5.1% year over year to $3.12 billion. The stock opened at $79.21, with a market capitalization of about $49.5 billion.
• The company declared a quarterly dividend of $0.5925, equivalent to $2.37 annually and a 3.0% yield. Analysts maintain a consensus “Buy” rating with an average price target of $92.41.

Deutsche Bank AG acquired a new position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 5,403,828 shares of the company's stock, valued at approximately $433,927,000. Deutsche Bank AG owned approximately 0.87% of Xcel Energy as of its most recent SEC filing.

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

Xcel Energy Trading Up 0.1%

NASDAQ XEL opened at $79.21 on Tuesday. Xcel Energy Inc. has a 12 month low of $71.29 and a 12 month high of $84.23. The company has a 50-day moving average of $79.35 and a 200-day moving average of $79.66. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.70 and a quick ratio of 0.62. The company has a market cap of $49.48 billion, a P/E ratio of 21.70, a P/E/G ratio of 2.06 and a beta of 0.39.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $0.93 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts' expectations of $3.54 billion. During the same period last year, the company earned $1.59 earnings per share. The company's quarterly revenue was down 5.1% on a year-over-year basis. As a group, equities analysts predict that Xcel Energy Inc. will post 4.11 earnings per share for the current year.

Xcel Energy Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on XEL shares. Wall Street Zen cut shares of Xcel Energy from a "hold" rating to a "sell" rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. upped their target price on Xcel Energy from $91.00 to $102.00 and gave the company an "overweight" rating in a research note on Thursday, July 16th. New Street Research set a $91.00 target price on Xcel Energy in a report on Tuesday, June 23rd. Truist Financial dropped their price target on Xcel Energy from $94.00 to $88.00 and set a "buy" rating for the company in a research report on Thursday. Finally, KeyCorp reissued an "overweight" rating on shares of Xcel Energy in a report on Monday, June 8th. Two investment 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. According to data from MarketBeat.com, Xcel Energy presently has a consensus rating of "Buy" and an average target price of $92.41.

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.

Want to see what other hedge funds are holding XEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xcel Energy Inc. (NASDAQ:XEL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source