Xcel Energy Inc. $XEL Shares Purchased by Corient Private Wealth LP

Key Points

• Corient Private Wealth increased its Xcel Energy stake by 38.2% in the second quarter, acquiring 40,239 additional shares for a total holding valued at approximately $11.7 million. Institutional investors collectively own 78.38% of Xcel Energy.
• Analysts maintain a positive outlook, with the stock receiving a consensus “Buy” rating and an average price target of $92.41, compared with its reported opening price of $72.71.
• Xcel Energy exceeded quarterly EPS expectations, reporting $0.93 versus the $0.79 consensus estimate, while revenue declined 5.1% year over year. The company declared a quarterly dividend of $0.5925 per share, representing a 3.3% annualized yield.

Corient Private Wealth LP boosted its holdings in Xcel Energy Inc. (NASDAQ:XEL - Free Report) by 38.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 145,686 shares of the company's stock after acquiring an additional 40,239 shares during the quarter. Corient Private Wealth LP's holdings in Xcel Energy were worth $11,699,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Bank of New York Mellon Corp purchased a new position in shares of Xcel Energy in the second quarter valued at $280,187,000. Jupiter Topco LLC purchased a new stake in shares of Xcel Energy in the 2nd quarter worth about $94,211,000. Cbre Investment Management Listed Real Assets LLC boosted its position in shares of Xcel Energy by 18.1% in the 4th 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 grew its stake in Xcel Energy by 15.2% in the 4th quarter. Electron Capital Partners LLC now owns 1,936,695 shares of the company's stock valued at $143,044,000 after acquiring an additional 255,884 shares during the last quarter. Finally, Reaves W H & Co. Inc. grew its stake in Xcel Energy by 13.1% in the 4th quarter. Reaves W H & Co. Inc. now owns 3,579,918 shares of the company's stock valued at $264,413,000 after acquiring an additional 415,759 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company's stock.

Wall Street Analyst Weigh In

XEL has been the subject of a number of research reports. Barclays lifted their target price on shares of Xcel Energy from $87.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, July 9th. New Street Research set a $91.00 price target on shares of Xcel Energy in a research report on Tuesday, June 23rd. BTIG Research reissued a "buy" rating and set a $99.00 price objective on shares of Xcel Energy in a research note on Friday, July 31st. JPMorgan Chase & Co. lifted 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. Finally, Jefferies Financial Group set a $101.00 target price on Xcel Energy in a research note on Tuesday, July 7th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $92.41.

Xcel Energy Price Performance

NASDAQ:XEL opened at $72.71 on Thursday. The firm has a market cap of $45.42 billion, a price-to-earnings ratio of 19.92, a price-to-earnings-growth ratio of 2.45 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. The company's 50-day moving average is $77.80 and its two-hundred day moving average is $79.23. Xcel Energy Inc. has a 12-month low of $71.35 and a 12-month high of $84.23.

Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.93 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $3.54 billion. During the same period in the previous year, the firm posted $1.59 earnings per share. The company's quarterly revenue was down 5.1% compared to the same quarter last year. Research analysts expect that Xcel Energy Inc. will post 4.12 EPS for the current year.

Xcel Energy Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a dividend yield of 3.3%. Xcel Energy's dividend payout ratio (DPR) is 64.93%.

About Xcel Energy

Xcel Energy Inc is a Minneapolis-based electric and natural gas utility holding company that serves customers across parts of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. Through its operating companies, Xcel provides electricity generation, transmission and distribution, as well as natural gas distribution and related energy services.

The company operates a diversified generating fleet that includes wind, solar, hydroelectric, nuclear, natural gas and other resources.

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