Jupiter Topco LLC Buys Shares of 1,173,563 Xcel Energy Inc. $XEL

Jupiter Topco LLC bought a new stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,173,563 shares of the company's stock, valued at approximately $94,211,000. Jupiter Topco LLC owned approximately 0.19% of Xcel Energy as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Evolution Wealth Management Inc. boosted its position in Xcel Energy by 365.3% during the 1st quarter. Evolution Wealth Management Inc. now owns 349 shares of the company's stock worth $28,000 after acquiring an additional 274 shares during the period. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Xcel Energy in the fourth quarter worth approximately $30,000. Pittenger & Anderson Inc. lifted its position in shares of Xcel Energy by 73.8% in the fourth quarter. Pittenger & Anderson Inc. now owns 471 shares of the company's stock worth $35,000 after purchasing an additional 200 shares in the last quarter. Cedar Mountain Advisors LLC acquired a new stake in shares of Xcel Energy during the first quarter worth approximately $39,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of Xcel Energy during the third quarter worth approximately $42,000. Institutional investors and hedge funds own 78.38% of the company's stock.

Xcel Energy Stock Performance

XEL stock opened at $77.68 on Thursday. The firm has a 50 day moving average of $79.28 and a two-hundred day moving average of $79.76. Xcel Energy Inc. has a 12 month low of $71.29 and a 12 month high of $84.23. The company has a market capitalization of $48.52 billion, a price-to-earnings ratio of 21.28, a P/E/G ratio of 2.00 and a beta of 0.39. 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 Wednesday, July 29th. The company reported $0.93 earnings per share 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 business had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.54 billion. During the same quarter last year, the firm earned $1.59 EPS. Xcel Energy's revenue for the quarter was down 5.1% on a year-over-year basis. As a group, equities analysts anticipate that Xcel Energy Inc. will post 4.12 EPS for the current fiscal year.

Xcel Energy Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have weighed in on XEL shares. Jefferies Financial Group set a $101.00 price objective on shares of Xcel Energy in a research note on Tuesday, July 7th. Evercore reissued an "outperform" rating and set a $96.00 target price on shares of Xcel Energy in a research note on Monday, May 4th. Barclays upped their price target on shares of Xcel Energy from $87.00 to $90.00 and gave the stock an "overweight" rating in a research note on Thursday, July 9th. Mizuho set a $92.00 price objective on Xcel Energy in a research report on Friday, July 31st. Finally, BMO Capital Markets lowered their target price on Xcel Energy from $95.00 to $92.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $92.41.

Xcel Energy 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.

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