Xcel Energy Inc. (NASDAQ:XEL) Shares Bought by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Xcel Energy Inc. by 1.4%, owning approximately 0.64% of the company, with a value of $260.3 million.
• Xcel Energy reported $0.75 earnings per share for the last quarter, exceeding analysts' estimates of $0.66, while revenue increased by 8.6% year-over-year.
• The company has announced a quarterly dividend of $0.57, resulting in an annualized yield of 3.1% with a payout ratio of 63.16%.

Charles Schwab Investment Management Inc. lifted its stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 1.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,677,314 shares of the company's stock after buying an additional 51,466 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.64% of Xcel Energy worth $260,317,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Xcel Energy by 1.3% during the first quarter. Vanguard Group Inc. now owns 74,818,158 shares of the company's stock valued at $5,296,377,000 after acquiring an additional 986,170 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Xcel Energy by 43.6% during the fourth quarter. Bank of America Corp DE now owns 20,762,745 shares of the company's stock valued at $1,401,901,000 after acquiring an additional 6,306,380 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Xcel Energy by 11.1% during the fourth quarter. Northern Trust Corp now owns 5,639,107 shares of the company's stock valued at $380,753,000 after acquiring an additional 561,478 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Xcel Energy by 379.3% during the fourth quarter. Janus Henderson Group PLC now owns 4,022,085 shares of the company's stock valued at $271,578,000 after acquiring an additional 3,182,939 shares during the last quarter. Finally, Zimmer Partners LP raised its holdings in shares of Xcel Energy by 1,625.7% during the fourth quarter. Zimmer Partners LP now owns 3,667,200 shares of the company's stock valued at $247,609,000 after acquiring an additional 3,454,700 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company's stock.

Xcel Energy Trading Down 0.4%

Xcel Energy stock traded down $0.29 during mid-day trading on Tuesday, hitting $72.39. The company's stock had a trading volume of 2,975,436 shares, compared to its average volume of 3,643,536. The firm has a market capitalization of $42.81 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 2.47 and a beta of 0.34. Xcel Energy Inc. has a 1 year low of $58.31 and a 1 year high of $74.57. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 1.48. The stock's fifty day moving average is $69.63 and its two-hundred day moving average is $69.46.

Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.09. The company had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.31 billion. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.54 earnings per share. On average, analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Monday, September 15th. Xcel Energy's dividend payout ratio is 63.16%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Wells Fargo & Company set a $78.00 target price on Xcel Energy and gave the stock an "overweight" rating in a report on Friday, April 25th. BMO Capital Markets boosted their target price on Xcel Energy from $69.00 to $73.00 and gave the stock a "market perform" rating in a report on Wednesday, April 23rd. Mizuho boosted their target price on Xcel Energy from $74.00 to $78.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Barclays boosted their target price on Xcel Energy from $72.00 to $73.00 and gave the stock an "overweight" rating in a report on Tuesday, April 22nd. Finally, Wall Street Zen cut Xcel Energy from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $76.00.

About Xcel Energy

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.