Xcel Energy Inc. $XEL Holdings Increased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

Key Points

• UBS Asset Management increased its Xcel Energy stake by 14% in the second quarter, bringing its holdings to 3.1 million shares worth approximately $249.2 million. Institutional investors collectively own 78.38% of Xcel’s outstanding stock.
• Analysts remain broadly positive, with an overall “Buy” rating and an average price target of $92.41; targets range from $89 to $99. Morgan Stanley was more cautious, lowering its target to $89 and maintaining an “equal weight” rating.
• Xcel reported quarterly EPS of $0.93, exceeding estimates of $0.79, though revenue fell 5.1% year over year to $3.12 billion. The company declared a quarterly dividend of $0.5925 per share, equivalent to a 3.1% annualized yield.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 14.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,103,309 shares of the company's stock after acquiring an additional 380,438 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.50% of Xcel Energy worth $249,196,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Bank of New York Mellon Corp acquired a new position in shares of Xcel Energy in the 2nd quarter worth approximately $280,187,000. Jupiter Topco LLC acquired a new stake in Xcel Energy during the second quarter valued at approximately $94,211,000. Cbre Investment Management Listed Real Assets LLC boosted its holdings in Xcel Energy by 18.1% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,324,667 shares of the company's stock worth $171,700,000 after buying an additional 356,208 shares in the last quarter. Electron Capital Partners LLC boosted its holdings in Xcel Energy by 15.2% during the fourth quarter. Electron Capital Partners LLC now owns 1,936,695 shares of the company's stock worth $143,044,000 after buying an additional 255,884 shares in the last quarter. Finally, Reaves W H & Co. Inc. grew its position in Xcel Energy by 13.1% in the fourth quarter. Reaves W H & Co. Inc. now owns 3,579,918 shares of the company's stock worth $264,413,000 after buying an additional 415,759 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Barclays upped their price target on Xcel Energy from $87.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, July 9th. Evercore restated an "outperform" rating and issued a $96.00 target price on shares of Xcel Energy in a report on Monday, May 4th. BTIG Research reaffirmed a "buy" rating and set a $99.00 target price on shares of Xcel Energy in a research report on Friday, July 31st. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Xcel Energy in a research report on Wednesday, June 17th. Finally, Morgan Stanley reduced their target price on Xcel Energy from $92.00 to $89.00 and set an "equal weight" rating for the company in a report on Friday, August 21st. Two equities 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, the stock has an average rating of "Buy" and an average target price of $92.41.

Xcel Energy Trading Down 1.0%

Xcel Energy stock opened at $75.69 on Tuesday. The company has a 50 day moving average price of $79.19 and a 200 day moving average price of $79.76. Xcel Energy Inc. has a 52 week low of $71.29 and a 52 week high of $84.23. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.62 and a current ratio of 0.70. The firm has a market capitalization of $47.28 billion, a price-to-earnings ratio of 20.74, a P/E/G ratio of 1.98 and a beta of 0.39.

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

Xcel Energy Dividend Announcement

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