Tema ETFs LLC Acquires 59,458 Shares of Xcel Energy Inc. $XEL

Key Points

• Tema ETFs LLC increased its Xcel Energy stake by 43.3% in the second quarter, purchasing 59,458 additional shares and bringing its holdings to 196,808 shares valued at approximately $15.8 million.
• Wall Street remains broadly positive on Xcel Energy, with a consensus “Buy” rating and an average price target of $92.76; 78.38% of the stock is held by institutional investors.
• Xcel Energy beat quarterly EPS expectations at $0.93 versus $0.79, although revenue declined 5.1% year over year to $3.12 billion. The company announced a quarterly dividend of $0.5925, implying a 3.1% annualized yield.

Tema ETFs LLC increased its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 43.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 196,808 shares of the company's stock after purchasing an additional 59,458 shares during the period. Tema ETFs LLC's holdings in Xcel Energy were worth $15,804,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in XEL. Quadrant Capital Group LLC grew its position in shares of Xcel Energy by 1.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 7,358 shares of the company's stock worth $593,000 after buying an additional 125 shares during the period. Bleakley Financial Group LLC increased its stake in shares of Xcel Energy by 0.5% in the 4th quarter. Bleakley Financial Group LLC now owns 28,949 shares of the company's stock valued at $2,138,000 after acquiring an additional 131 shares in the last quarter. Hills Bank & Trust Co lifted its position in shares of Xcel Energy by 2.2% during the 4th quarter. Hills Bank & Trust Co now owns 6,184 shares of the company's stock valued at $457,000 after acquiring an additional 133 shares during the period. Keel Point LLC lifted its position in shares of Xcel Energy by 2.6% during the 4th quarter. Keel Point LLC now owns 5,485 shares of the company's stock valued at $405,000 after acquiring an additional 137 shares during the period. Finally, KCM Investment Advisors LLC boosted its stake in Xcel Energy by 1.9% during the first quarter. KCM Investment Advisors LLC now owns 7,549 shares of the company's stock worth $600,000 after acquiring an additional 140 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

XEL has been the subject of a number of research reports. Barclays raised their price target on shares of Xcel Energy from $87.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, July 9th. KeyCorp reissued an "overweight" rating on shares of Xcel Energy in a research report on Monday, June 8th. UBS Group increased their price objective on shares of Xcel Energy from $89.00 to $91.00 and gave the stock a "buy" rating in a research report on Monday, April 20th. JPMorgan Chase & Co. raised their target price on Xcel Energy from $91.00 to $102.00 and gave the company an "overweight" rating in a research note on Thursday, July 16th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Xcel Energy in a research report on Wednesday, June 17th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $92.76.

Xcel Energy Price Performance

Shares of XEL opened at $77.66 on Wednesday. The business's fifty day moving average is $79.26 and its 200 day moving average is $79.56. Xcel Energy Inc. has a 12-month low of $69.16 and a 12-month high of $84.23. The company has a quick ratio of 0.62, a current ratio of 0.70 and a debt-to-equity ratio of 1.49. The stock has a market cap of $48.51 billion, a P/E ratio of 21.28, a P/E/G ratio of 2.00 and a beta of 0.39.

Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. 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 business had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same quarter in the previous year, the business posted $1.59 EPS. Xcel Energy's quarterly revenue was down 5.1% on a year-over-year basis. Sell-side analysts anticipate that Xcel Energy Inc. will post 4.11 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

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