Vestcor Inc Increases Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Key Points

• Vestcor Inc has increased its holdings in Xcel Energy Inc. by 9.1%, now owning a total of 66,904 shares valued at approximately $4.7 million.
• Multiple institutional investors have recently bought shares of Xcel Energy, with 78.38% of the stock currently owned by such entities.
• Xcel Energy announced a quarterly dividend of $0.57, set to be paid on October 20th, yielding an annualized return of 3.15%.

Vestcor Inc boosted its position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 9.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,904 shares of the company's stock after purchasing an additional 5,583 shares during the period. Vestcor Inc's holdings in Xcel Energy were worth $4,736,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XEL. Brighton Jones LLC acquired a new position in shares of Xcel Energy during the 4th quarter worth approximately $240,000. Blair William & Co. IL lifted its position in shares of Xcel Energy by 2.7% in the fourth quarter. Blair William & Co. IL now owns 38,625 shares of the company's stock valued at $2,608,000 after acquiring an additional 1,011 shares in the last quarter. Orion Portfolio Solutions LLC boosted its stake in shares of Xcel Energy by 21.0% during the fourth quarter. Orion Portfolio Solutions LLC now owns 23,057 shares of the company's stock valued at $1,557,000 after acquiring an additional 4,001 shares during the last quarter. RWA Wealth Partners LLC increased its position in Xcel Energy by 3.5% during the 4th quarter. RWA Wealth Partners LLC now owns 5,155 shares of the company's stock worth $348,000 after purchasing an additional 176 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its holdings in Xcel Energy by 50.4% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 101,155 shares of the company's stock valued at $6,830,000 after purchasing an additional 33,891 shares in the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Morgan Stanley lowered their price target on shares of Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. BMO Capital Markets increased their price target on Xcel Energy from $69.00 to $73.00 and gave the stock a "market perform" rating in a research note on Wednesday, April 23rd. Barclays raised their price objective on Xcel Energy from $72.00 to $73.00 and gave the stock an "overweight" rating in a report on Tuesday, April 22nd. Wells Fargo & Company set a $78.00 target price on Xcel Energy and gave the company an "overweight" rating in a research note on Friday, April 25th. Finally, Wall Street Zen lowered Xcel Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, Xcel Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $75.80.

Xcel Energy Price Performance

Xcel Energy stock opened at $72.39 on Thursday. The firm has a fifty day moving average of $69.02 and a 200-day moving average of $69.00. Xcel Energy Inc. has a 52-week low of $56.69 and a 52-week high of $73.56. The company has a quick ratio of 0.70, a current ratio of 0.80 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $41.75 billion, a P/E ratio of 21.29, a PEG ratio of 2.44 and a beta of 0.36.

Xcel Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Monday, September 15th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.15%. Xcel Energy's payout ratio is 67.06%.

Xcel Energy Company 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.

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