Federated Hermes Inc. Has $181.81 Million Stock Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Key Points

• Federated Hermes Inc. increased its holdings in Xcel Energy by 3.6%, acquiring an additional 89,249 shares, bringing its total ownership to approximately 2.57 million shares valued at around $181.81 million.
• Xcel Energy has announced a quarterly dividend of $0.57, representing an annualized dividend of $2.28 with a yield of 3.20%.
• Analysts have varying ratings for Xcel Energy, with a consensus of "Moderate Buy" and a price target of $75.80, reflecting cautious optimism about its future performance.

Federated Hermes Inc. raised its position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 3.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,568,340 shares of the company's stock after buying an additional 89,249 shares during the quarter. Federated Hermes Inc. owned about 0.45% of Xcel Energy worth $181,813,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. BankPlus Trust Department acquired a new position in shares of Xcel Energy during the 1st quarter valued at $34,000. Rossby Financial LCC acquired a new position in shares of Xcel Energy during the 1st quarter valued at $50,000. Itau Unibanco Holding S.A. acquired a new position in shares of Xcel Energy during the 4th quarter valued at $52,000. Alpine Bank Wealth Management acquired a new position in shares of Xcel Energy during the 1st quarter valued at $53,000. Finally, WFA Asset Management Corp increased its position in shares of Xcel Energy by 449.0% during the 1st quarter. WFA Asset Management Corp now owns 1,131 shares of the company's stock valued at $80,000 after purchasing an additional 925 shares during the period. Institutional investors own 78.38% of the company's stock.

Xcel Energy Stock Performance

Shares of Xcel Energy stock traded up $1.20 during trading on Tuesday, reaching $72.34. The company's stock had a trading volume of 3,163,720 shares, compared to its average volume of 2,612,791. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.70 and a current ratio of 0.80. The business's fifty day moving average price is $68.97 and its 200-day moving average price is $68.98. The firm has a market cap of $41.72 billion, a price-to-earnings ratio of 21.28, a price-to-earnings-growth ratio of 2.40 and a beta of 0.36. Xcel Energy Inc. has a one year low of $56.69 and a one year high of $73.56.

Xcel Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, July 20th. Stockholders of record on Friday, June 13th were paid a $0.57 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.15%. Xcel Energy's payout ratio is presently 67.06%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. BMO Capital Markets raised their price objective on Xcel Energy from $69.00 to $73.00 and gave the stock a "market perform" rating in a research note on Wednesday, April 23rd. Barclays raised their price objective on Xcel Energy from $72.00 to $73.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 22nd. Wells Fargo & Company set a $78.00 price objective on Xcel Energy and gave the stock an "overweight" rating in a research note on Friday, April 25th. Morgan Stanley reduced their price objective on Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. Finally, UBS Group lifted their price objective on Xcel Energy from $73.00 to $77.00 and gave the company a "neutral" rating in a research report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $75.80.

Xcel Energy Profile

Xcel Energy Inc, through its subsidiaries, engages in the generation, purchasing, transmission, distribution, and sale of electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through wind, nuclear, hydroelectric, biomass, and solar energy sources, as well as coal, natural gas, oil, wood, and refuse-derived fuels.