Global Retirement Partners LLC Makes New $1.35 Million Investment in Xcel Energy Inc. $XEL

Key Points

• Global Retirement Partners purchased 16,833 shares of Xcel Energy worth approximately $1.35 million, while institutional investors collectively own 78.38% of the company.
• Analysts maintain a generally positive view, with Xcel receiving a consensus “Buy” rating and an average price target of $92.41; recent targets range from $96 to $102.
• Xcel reported quarterly EPS of $0.93, beating estimates of $0.79, although revenue fell 5.1% year over year. The company declared a quarterly dividend of $0.5925, representing a 3.0% annualized yield.

Global Retirement Partners LLC purchased a new stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 16,833 shares of the company's stock, valued at approximately $1,352,000.

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

Analysts Set New Price Targets

XEL has been the subject of several recent analyst reports. BTIG Research reissued a "buy" rating and issued a $99.00 price target on shares of Xcel Energy in a report on Friday, July 31st. Evercore reissued an "outperform" rating and set a $96.00 price target on shares of Xcel Energy in a research report on Monday, May 4th. Jefferies Financial Group set a $101.00 price objective on Xcel Energy in a research report on Tuesday, July 7th. JPMorgan Chase & Co. boosted their price target on shares of Xcel Energy from $91.00 to $102.00 and gave the company an "overweight" rating in a research note on Thursday, July 16th. Finally, Wall Street Zen cut Xcel Energy from a "hold" rating to a "sell" rating in a report on Saturday, May 9th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat, Xcel Energy presently has an average rating of "Buy" and a consensus target price of $92.41.

Xcel Energy Stock Up 0.1%

Shares of NASDAQ XEL opened at $79.21 on Tuesday. The business has a 50-day moving average price of $79.35 and a 200 day moving average price of $79.66. The stock has a market cap of $49.48 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 2.06 and a beta of 0.39. Xcel Energy Inc. has a 52-week low of $71.29 and a 52-week high of $84.23. 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 (NASDAQ:XEL - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.79 by $0.14. The firm had revenue of $3.12 billion during 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%. Xcel Energy's revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.59 EPS. Equities research analysts forecast that Xcel Energy Inc. will post 4.11 earnings per share for the current year.

Xcel Energy Dividend Announcement

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

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