Xcel Energy Inc. (NASDAQ:XEL) Shares Acquired by Invesco Ltd.

Key Points

• Invesco Ltd. has increased its stake in Xcel Energy Inc. by 0.6%, bringing its total shares to 5,711,917, valued at approximately $404.35 million.
• Other institutional investors, such as Vanguard Group Inc. and JPMorgan Chase & Co., also reported increases in their shares of Xcel Energy during the same quarter.
• Brokerages have set a consensus price target of $76.00 for Xcel Energy, with ratings ranging from "sell" to "buy," indicating mixed sentiment among analysts.

Invesco Ltd. grew its stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 0.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,711,917 shares of the company's stock after purchasing an additional 33,469 shares during the quarter. Invesco Ltd. owned approximately 0.99% of Xcel Energy worth $404,347,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in shares of Xcel Energy by 43.6% during the fourth quarter. Bank of America Corp DE now owns 20,762,745 shares of the company's stock worth $1,401,901,000 after acquiring an additional 6,306,380 shares during the last quarter. Zimmer Partners LP grew its position in Xcel Energy by 1,625.7% in the 4th quarter. Zimmer Partners LP now owns 3,667,200 shares of the company's stock valued at $247,609,000 after buying an additional 3,454,700 shares during the last quarter. Janus Henderson Group PLC grew its position in Xcel Energy by 379.3% in the 4th quarter. Janus Henderson Group PLC now owns 4,022,085 shares of the company's stock valued at $271,578,000 after buying an additional 3,182,939 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Xcel Energy by 7.9% in the 1st quarter. JPMorgan Chase & Co. now owns 20,811,241 shares of the company's stock valued at $1,473,228,000 after buying an additional 1,520,092 shares during the period. Finally, Point72 Asset Management L.P. raised its position in Xcel Energy by 187.0% during the 4th quarter. Point72 Asset Management L.P. now owns 1,829,425 shares of the company's stock worth $123,523,000 after buying an additional 1,192,049 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company's stock.

Wall Street Analysts Forecast Growth

XEL has been the topic of several analyst reports. Morgan Stanley lowered their target price on shares of Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. Mizuho lifted their target price on shares of Xcel Energy from $74.00 to $78.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Evercore ISI lifted their target price on shares of Xcel Energy from $74.00 to $77.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Wall Street Zen downgraded shares of Xcel Energy from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. Finally, Barclays lifted their target price on shares of Xcel Energy from $72.00 to $73.00 and gave the company an "overweight" rating in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $76.00.

Xcel Energy Price Performance

Shares of NASDAQ XEL traded up $0.53 during trading on Wednesday, hitting $72.92. 3,226,986 shares of the company were exchanged, compared to its average volume of 3,482,315. The company has a market cap of $43.13 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 2.44 and a beta of 0.34. Xcel Energy Inc. has a 1 year low of $58.40 and a 1 year high of $74.57. The firm's fifty day moving average price is $69.78 and its 200 day moving average price is $69.51. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.96 and a quick ratio of 0.85.

Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.66 by $0.09. The company 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 revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 EPS. On average, sell-side analysts expect that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

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

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.