OMERS ADMINISTRATION Corp Invests $31.86 Million in Xcel Energy Inc. $XEL

Key Points

• OMERS Administration Corp. acquired 396,792 Xcel Energy shares worth approximately $31.86 million, while institutional investors collectively owned 78.38% of the company.
• Analysts maintain a generally positive view, with Xcel receiving a consensus “Buy” rating and an average price target of $92.41; targets cited in the article ranged from $89 to $99.
• Xcel reported quarterly EPS of $0.93, exceeding estimates of $0.79, although revenue declined 5.1% year over year to $3.12 billion. The company declared a quarterly dividend of $0.5925, equivalent to a 3.1% annualized yield.

OMERS ADMINISTRATION Corp acquired a new position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 396,792 shares of the company's stock, valued at approximately $31,862,000. OMERS ADMINISTRATION Corp owned approximately 0.06% of Xcel Energy at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on XEL. BTIG Research restated a "buy" rating and set a $99.00 target price on shares of Xcel Energy in a research note on Friday, July 31st. Mizuho set a $92.00 price target on Xcel Energy in a research report on Friday, July 31st. Weiss Ratings reiterated a "buy (b-)" rating on shares of Xcel Energy in a report on Wednesday, June 17th. Wall Street Zen cut Xcel Energy from a "hold" rating to a "sell" rating in a research report on Saturday, May 9th. Finally, Morgan Stanley lowered their price objective on shares of Xcel Energy from $92.00 to $89.00 and set an "equal weight" rating on the stock in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Xcel Energy currently has a consensus rating of "Buy" and an average price target of $92.41.

Xcel Energy Price Performance

NASDAQ XEL opened at $76.30 on Monday. Xcel Energy Inc. has a twelve month low of $71.29 and a twelve month high of $84.23. The stock has a market cap of $47.66 billion, a PE ratio of 20.90, a PEG ratio of 1.98 and a beta of 0.39. The firm has a 50-day simple moving average of $79.35 and a 200 day simple moving average of $79.73. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.62 and a current ratio of 0.70.

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

Xcel Energy Announces Dividend

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