Northwestern Mutual Wealth Management Co. Invests $6.65 Million in Xcel Energy Inc. $XEL

Key Points

• Northwestern Mutual Wealth Management purchased 82,803 shares of Xcel Energy in the second quarter, valued at approximately $6.65 million. Institutional investors collectively own 78.38% of the company.
• Analysts maintain a favorable outlook, with an average rating of “Buy” and a consensus price target of $92.41. Xcel reported quarterly EPS of $0.93, exceeding estimates of $0.79, though revenue declined 5.1% year over year.
• Xcel declared a quarterly dividend of $0.5925 per share, equivalent to $2.37 annually and a 3.1% yield; the dividend payout ratio is 64.93%.

Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 82,803 shares of the company's stock, valued at approximately $6,649,000.

Several other institutional investors have also recently bought and sold shares of XEL. Bank of New York Mellon Corp acquired a new position in shares of Xcel Energy during the second quarter worth approximately $280,187,000. Cbre Investment Management Listed Real Assets LLC grew its stake in shares of Xcel Energy by 18.1% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,324,667 shares of the company's stock valued at $171,700,000 after purchasing an additional 356,208 shares during the last quarter. PKO Investment Management Joint Stock Co acquired a new stake in shares of Xcel Energy in the fourth quarter valued at approximately $1,477,000. Electron Capital Partners LLC increased its holdings in shares of Xcel Energy by 15.2% in the fourth quarter. Electron Capital Partners LLC now owns 1,936,695 shares of the company's stock valued at $143,044,000 after purchasing an additional 255,884 shares in the last quarter. Finally, Reaves W H & Co. Inc. raised its position in Xcel Energy by 13.1% in the 4th quarter. Reaves W H & Co. Inc. now owns 3,579,918 shares of the company's stock worth $264,413,000 after purchasing an additional 415,759 shares during the last quarter. Institutional investors own 78.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on XEL shares. KeyCorp reaffirmed an "overweight" rating on shares of Xcel Energy in a report on Monday, June 8th. BTIG Research reissued a "buy" rating and issued a $99.00 target price on shares of Xcel Energy in a research note on Friday, July 31st. Morgan Stanley dropped their target price on Xcel Energy from $92.00 to $89.00 and set an "equal weight" rating for the company in a research report on Friday. New Street Research set a $91.00 price target on Xcel Energy in a research note on Tuesday, June 23rd. Finally, Jefferies Financial Group set a $101.00 price target on Xcel Energy in a research note on Tuesday, July 7th. 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. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $92.41.

Xcel Energy Stock Performance

Shares of NASDAQ XEL opened at $76.30 on Monday. Xcel Energy Inc. has a fifty-two week low of $71.29 and a fifty-two week high of $84.23. The firm has a market capitalization of $47.66 billion, a P/E ratio of 20.90, a P/E/G ratio of 1.98 and a beta of 0.39. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.70 and a quick ratio of 0.62. The company's 50 day simple moving average is $79.35 and its 200 day simple moving average is $79.73.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.14. The firm had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.54 billion. Xcel Energy had a net margin of 15.28% and a return on equity of 10.65%. The business's quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.59 EPS. On average, analysts predict that Xcel Energy Inc. will post 4.12 EPS for the current year.

Xcel Energy Announces Dividend

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

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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