Energy Income Partners LLC Invests $82.11 Million in Xcel Energy Inc. $XEL

Key Points

• Energy Income Partners LLC acquired 1,022,550 Xcel Energy shares worth approximately $82.1 million, giving the utility a 1.3% portfolio weighting and representing about 0.16% of Xcel’s outstanding stock.
• Analysts remain broadly positive, with a consensus “Buy” rating and average price target of $92.41, compared with shares trading near $79.17.
• Xcel reported quarterly EPS of $0.93, beating estimates of $0.79, and declared a quarterly dividend of $0.5925, equivalent to a 3.0% annualized yield.

Energy Income Partners LLC acquired a new position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,022,550 shares of the company's stock, valued at approximately $82,111,000. Xcel Energy accounts for approximately 1.3% of Energy Income Partners LLC's investment portfolio, making the stock its 29th largest position. Energy Income Partners LLC owned approximately 0.16% of Xcel Energy at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC grew its stake in shares of Xcel Energy by 1.7% in the third quarter. Quadrant Capital Group LLC now owns 7,358 shares of the company's stock valued at $593,000 after buying an additional 125 shares in the last quarter. Bleakley Financial Group LLC lifted its stake in Xcel Energy by 0.5% during the 4th quarter. Bleakley Financial Group LLC now owns 28,949 shares of the company's stock worth $2,138,000 after acquiring an additional 131 shares in the last quarter. Hills Bank & Trust Co boosted its holdings in Xcel Energy by 2.2% during the 4th quarter. Hills Bank & Trust Co now owns 6,184 shares of the company's stock valued at $457,000 after acquiring an additional 133 shares during the period. Keel Point LLC boosted its holdings in Xcel Energy by 2.6% during the 4th quarter. Keel Point LLC now owns 5,485 shares of the company's stock valued at $405,000 after acquiring an additional 137 shares during the period. Finally, KCM Investment Advisors LLC grew its position in Xcel Energy by 1.9% in the 1st quarter. KCM Investment Advisors LLC now owns 7,549 shares of the company's stock valued at $600,000 after acquiring an additional 140 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on XEL shares. Morgan Stanley set a $89.00 price objective on shares of Xcel Energy in a research note on Wednesday, June 24th. BTIG Research reiterated a "buy" rating and set a $99.00 target price on shares of Xcel Energy in a report on Friday, July 31st. KeyCorp reissued an "overweight" rating on shares of Xcel Energy in a research report on Monday, June 8th. Mizuho set a $92.00 price target on shares of Xcel Energy in a research note on Friday, July 31st. Finally, Truist Financial cut their price objective on Xcel Energy from $94.00 to $88.00 and set a "buy" rating on the stock in a research report on Thursday, August 13th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Xcel Energy has a consensus rating of "Buy" and an average price target of $92.41.

Xcel Energy Stock Down 0.1%

Shares of Xcel Energy stock opened at $79.17 on Wednesday. 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 52-week low of $71.29 and a 52-week high of $84.23. The company has a market capitalization of $49.45 billion, a P/E ratio of 21.69, a P/E/G ratio of 2.06 and a beta of 0.39. The company has a 50 day moving average of $79.37 and a 200 day moving average of $79.68.

Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.14. The company had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.54 billion. Xcel Energy had a net margin of 15.28% and a return on equity of 10.65%. The company's quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.59 EPS. As a group, research analysts forecast that Xcel Energy Inc. will post 4.11 EPS for the current fiscal year.

Xcel Energy Announces Dividend

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 paid a $0.5925 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.37 dividend on an annualized basis and a yield of 3.0%. Xcel Energy's dividend payout ratio (DPR) is currently 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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