Vise Technologies Inc. Purchases New Shares in Xcel Energy Inc. $XEL

Key Points

• Vise Technologies acquired 60,934 shares of Xcel Energy during the second quarter, valued at approximately $4.9 million. Institutional investors collectively own 78.38% of Xcel’s stock.
• Analysts remain broadly positive, with Xcel receiving an average “Buy” rating and a consensus price target of $92.41; JPMorgan recently raised its target to $102.
• Xcel reported quarterly EPS of $0.93, beating estimates of $0.79, but revenue fell 5.1% year over year to $3.12 billion. The company also declared a quarterly dividend of $0.5925, representing a 3.0% annualized yield.

Vise Technologies Inc. purchased a new position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 60,934 shares of the company's stock, valued at approximately $4,893,000.

A number of other institutional investors have also added to or reduced their stakes in XEL. Evolution Wealth Management Inc. lifted its position in shares of 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 buying an additional 274 shares in the last quarter. Garton & Associates Financial Advisors LLC purchased a new position in shares of Xcel Energy in the 4th quarter worth approximately $30,000. Pittenger & Anderson Inc. grew its holdings in shares of Xcel Energy by 73.8% in the fourth quarter. Pittenger & Anderson Inc. now owns 471 shares of the company's stock valued at $35,000 after acquiring an additional 200 shares in the last quarter. Advocate Investing Services LLC bought a new position in shares of Xcel Energy in the fourth quarter valued at approximately $38,000. Finally, Cedar Mountain Advisors LLC purchased a new stake in shares of Xcel Energy during the first quarter valued at approximately $39,000. 78.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on XEL shares. JPMorgan Chase & Co. boosted their price objective on Xcel Energy from $91.00 to $102.00 and gave the stock an "overweight" rating in a research report on Thursday, July 16th. Jefferies Financial Group set a $101.00 target price on Xcel Energy in a research report on Tuesday, July 7th. 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. Weiss Ratings reissued a "buy (b-)" rating on shares of Xcel Energy in a report on Wednesday, June 17th. Finally, Evercore restated an "outperform" rating and set a $96.00 price target on shares of Xcel Energy in a research report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Xcel Energy has an average rating of "Buy" and an average price target of $92.41.

Xcel Energy Price Performance

Xcel Energy stock opened at $78.71 on Friday. The business's 50 day simple moving average is $79.41 and its 200 day simple moving average is $79.72. Xcel Energy Inc. has a 12 month low of $71.29 and a 12 month high of $84.23. The company has a market cap of $49.16 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 2.06 and a beta of 0.39. The company has a current ratio of 0.70, a quick ratio of 0.62 and a debt-to-equity ratio of 1.49.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.14. The business had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.54 billion. Xcel Energy had a return on equity of 10.65% and a net margin of 15.28%.The business's revenue for the quarter was down 5.1% on a year-over-year basis. During the same period last year, the business posted $1.59 earnings per share. Sell-side analysts forecast that Xcel Energy Inc. will post 4.11 EPS for the current year.

Xcel Energy Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.37 annualized dividend and a yield of 3.0%. Xcel Energy's dividend payout ratio (DPR) is 64.93%.

Xcel Energy Company 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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