Xcel Energy Inc. $XEL Shares Acquired by Concurrent Investment Advisors LLC

Key Points

• Concurrent Investment Advisors increased its Xcel Energy stake by 81.2% in the second quarter, bringing its holdings to 29,820 shares valued at approximately $2.39 million. Institutional investors collectively own 78.38% of Xcel Energy.
• Analysts maintain a generally positive outlook, with the stock receiving a consensus “Buy” rating and an average price target of $92.41. Recent targets range from $89 to $102.
• Xcel Energy 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 also declared a quarterly dividend of $0.5925 per share, representing a 3.1% annualized yield.

Concurrent Investment Advisors LLC boosted its position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 81.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,820 shares of the company's stock after buying an additional 13,360 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Xcel Energy were worth $2,394,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Evolution Wealth Management Inc. raised 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 valued at $28,000 after acquiring an additional 274 shares in the last quarter. Pin Oak Investment Advisors Inc. acquired a new position in Xcel Energy in the second quarter worth $29,000. Garton & Associates Financial Advisors LLC bought a new stake in Xcel Energy during the fourth quarter valued at $30,000. First Bancorp Inc ME bought a new stake in Xcel Energy during the second quarter valued at $36,000. Finally, Cedar Mountain Advisors LLC acquired a new stake in shares of Xcel Energy during the first quarter worth $39,000. Institutional investors and hedge funds own 78.38% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on XEL. Morgan Stanley reduced their price target on shares of Xcel Energy from $92.00 to $89.00 and set an "equal weight" rating on the stock in a research report on Friday, August 21st. BMO Capital Markets lowered their price objective on shares of Xcel Energy from $95.00 to $92.00 and set an "outperform" rating for the company in a research report on Wednesday, July 22nd. KeyCorp reiterated an "overweight" rating on shares of Xcel Energy in a research note on Monday, June 8th. New Street Research set a $91.00 target price on shares of Xcel Energy in a report on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Xcel Energy from $91.00 to $102.00 and gave the stock an "overweight" rating in a report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $92.41.

Xcel Energy Stock Performance

XEL stock opened at $76.88 on Wednesday. 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 stock has a market capitalization of $48.02 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 2.56 and a beta of 0.39. Xcel Energy Inc. has a 1 year low of $71.29 and a 1 year high of $84.23. The stock's fifty day moving average is $78.55 and its two-hundred day moving average is $79.59.

Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.93 EPS 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 business had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same quarter in the prior year, the firm earned $1.59 earnings per share. The company's quarterly revenue was down 5.1% on a year-over-year basis. On average, research analysts predict that Xcel Energy Inc. will post 4.11 EPS for the current year.

Xcel Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.5925 per share. This represents a $2.37 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, September 15th. Xcel Energy's payout ratio is presently 64.93%.

Xcel Energy 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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