Infrastructure Capital Advisors LLC Buys Shares of 30,487 Xcel Energy Inc. $XEL

Key Points

• Infrastructure Capital Advisors purchased 30,487 shares of Xcel Energy in the second quarter, valued at approximately $2.45 million. Institutional investors collectively own 78.38% of the company’s stock.
• Analysts maintain a largely positive outlook, with a consensus “Buy” rating and an average price target of $92.41, compared with Xcel Energy’s opening price of $76.30.
• Xcel Energy reported quarterly EPS of $0.93, exceeding estimates of $0.79, despite revenue falling 5.1% year over year. The company also declared a quarterly dividend of $0.5925 per share, representing a 3.1% annualized yield.

Infrastructure Capital Advisors LLC purchased a new position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 30,487 shares of the company's stock, valued at approximately $2,448,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Evolution Wealth Management Inc. increased its holdings in Xcel Energy by 365.3% during the 1st quarter. Evolution Wealth Management Inc. now owns 349 shares of the company's stock valued at $28,000 after acquiring an additional 274 shares in the last quarter. Garton & Associates Financial Advisors LLC acquired a new position in Xcel Energy during the fourth quarter worth about $30,000. Pittenger & Anderson Inc. lifted its holdings in shares of Xcel Energy by 73.8% in the fourth quarter. Pittenger & Anderson Inc. now owns 471 shares of the company's stock valued at $35,000 after purchasing an additional 200 shares in the last quarter. Advocate Investing Services LLC purchased a new stake in shares of Xcel Energy in the fourth quarter valued at about $38,000. Finally, Cedar Mountain Advisors LLC purchased a new stake in shares of Xcel Energy in the first quarter valued at about $39,000. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

XEL has been the subject of a number of recent research reports. Evercore reissued an "outperform" rating and set a $96.00 price objective on shares of Xcel Energy in a research note on Monday, May 4th. New Street Research set a $91.00 target price on Xcel Energy in a report on Tuesday, June 23rd. JPMorgan Chase & Co. raised their price target on Xcel Energy from $91.00 to $102.00 and gave the stock an "overweight" rating in a research report on Thursday, July 16th. Morgan Stanley reduced their price objective on Xcel Energy from $92.00 to $89.00 and set an "equal weight" rating on the stock in a research report on Friday. Finally, KeyCorp reaffirmed an "overweight" rating on shares of Xcel Energy in a research note on Monday, June 8th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $92.41.

Xcel Energy Stock Performance

Xcel Energy stock opened at $76.30 on Monday. The firm has a market capitalization of $47.66 billion, a P/E ratio of 20.90, a PEG ratio of 1.98 and a beta of 0.39. The stock has a fifty day moving average price of $79.35 and a 200 day moving average price of $79.73. Xcel Energy Inc. has a 52 week low of $71.29 and a 52 week high of $84.23. The company has a current ratio of 0.70, a quick ratio of 0.62 and a debt-to-equity ratio of 1.49.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.14. Xcel Energy had a net margin of 15.28% and a return on equity of 10.65%. The company had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.54 billion. During the same quarter in the prior year, the company posted $1.59 EPS. The company's quarterly revenue was down 5.1% compared to the same quarter last year. Equities research analysts anticipate that Xcel Energy Inc. will post 4.12 earnings per share for the current year.

Xcel Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Tuesday, September 15th will be given a dividend of $0.5925 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.37 annualized dividend and a yield of 3.1%. Xcel Energy's dividend payout ratio is 64.93%.

About Xcel Energy

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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