Headlands Technologies LLC Has $2.59 Million Stock Position in Xcel Energy Inc. (NASDAQ:XEL)

Key Points

• Headlands Technologies LLC reduced its stake in Xcel Energy Inc. by 53.8%, holding 36,546 shares worth approximately $2.59 million after selling 42,642 shares in the first quarter.
• Several institutional investors, including Wealth Enhancement Advisory Services LLC, have increased their stakes, reflecting widespread investor interest, with institutional ownership at 78.38%.
• Xcel Energy recently reported quarterly earnings of $0.75 per share, exceeding estimates, along with a dividend announcement yielding 3.1% to shareholders in October.

Headlands Technologies LLC cut its stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 53.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,546 shares of the company's stock after selling 42,642 shares during the period. Headlands Technologies LLC's holdings in Xcel Energy were worth $2,587,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of Xcel Energy by 18.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 472,344 shares of the company's stock worth $33,437,000 after purchasing an additional 73,036 shares during the period. Navellier & Associates Inc. bought a new position in Xcel Energy during the first quarter worth $2,735,000. J.W. Cole Advisors Inc. acquired a new position in Xcel Energy in the first quarter valued at $905,000. Financial Gravity Asset Management Inc. bought a new stake in Xcel Energy during the first quarter valued at $329,000. Finally, Pinnacle Financial Partners Inc bought a new stake in Xcel Energy during the first quarter valued at $267,000. Institutional investors and hedge funds own 78.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on XEL shares. Barclays lifted their price objective on Xcel Energy from $72.00 to $73.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 22nd. Mizuho lifted their target price on Xcel Energy from $74.00 to $78.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Morgan Stanley dropped their price target on Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 18th. Evercore ISI raised their price objective on shares of Xcel Energy from $74.00 to $77.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. Finally, Wall Street Zen lowered shares of Xcel Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, Xcel Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $76.00.

Xcel Energy Price Performance

Shares of XEL opened at $73.30 on Thursday. The business's fifty day moving average is $69.44 and its 200 day moving average is $69.30. Xcel Energy Inc. has a 12-month low of $57.24 and a 12-month high of $74.57. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 1.48. The stock has a market cap of $43.35 billion, a P/E ratio of 20.30, a P/E/G ratio of 2.48 and a beta of 0.34.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.09. The firm had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.31 billion. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The business's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the firm earned $0.54 earnings per share. Sell-side analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Monday, September 15th. Xcel Energy's payout ratio is currently 63.16%.

About Xcel Energy

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.

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