O Shaughnessy Asset Management LLC boosted its stake in shares of Xcel Energy Inc. (NASDAQ:XEL – Free Report) by 7.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 134,622 shares of the company’s stock after purchasing an additional 9,670 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Xcel Energy were worth $9,943,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Xcel Energy by 2.7% in the third quarter. Vanguard Group Inc. now owns 76,725,720 shares of the company’s stock worth $6,187,929,000 after purchasing an additional 2,001,018 shares in the last quarter. Cibc World Market Inc. purchased a new stake in shares of Xcel Energy in the third quarter worth $6,994,000. USA Financial Formulas increased its stake in shares of Xcel Energy by 491.3% in the fourth quarter. USA Financial Formulas now owns 21,435 shares of the company’s stock worth $1,583,000 after purchasing an additional 17,810 shares in the last quarter. Citigroup Inc. increased its stake in shares of Xcel Energy by 135.3% in the third quarter. Citigroup Inc. now owns 2,017,717 shares of the company’s stock worth $162,729,000 after purchasing an additional 1,160,205 shares in the last quarter. Finally, Magellan Asset Management Ltd increased its stake in shares of Xcel Energy by 6.1% in the third quarter. Magellan Asset Management Ltd now owns 2,125,537 shares of the company’s stock worth $171,425,000 after purchasing an additional 122,487 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.
Xcel Energy Price Performance
Shares of NASDAQ:XEL opened at $78.10 on Thursday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.68 and a current ratio of 0.77. The firm has a fifty day moving average price of $79.78 and a 200 day moving average price of $78.44. Xcel Energy Inc. has a fifty-two week low of $65.21 and a fifty-two week high of $84.23. The firm has a market cap of $48.76 billion, a price-to-earnings ratio of 22.51, a P/E/G ratio of 2.02 and a beta of 0.39.
Xcel Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, June 15th will be given a dividend of $0.5925 per share. The ex-dividend date is Monday, June 15th. This represents a $2.37 annualized dividend and a yield of 3.0%. Xcel Energy’s dividend payout ratio (DPR) is 68.30%.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. KeyCorp reissued an “overweight” rating on shares of Xcel Energy in a research note on Monday. Wall Street Zen lowered shares of Xcel Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Truist Financial dropped their target price on shares of Xcel Energy from $95.00 to $92.00 and set a “buy” rating for the company in a research report on Monday, May 18th. BMO Capital Markets upped their target price on shares of Xcel Energy from $90.00 to $94.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Finally, Morgan Stanley set a $87.00 target price on shares of Xcel Energy in a research report on Thursday, May 21st. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Xcel Energy presently has an average rating of “Buy” and an average target price of $90.63.
Check Out Our Latest Research Report on XEL
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.
Featured Stories
- Five stocks we like better than Xcel Energy
- Everpure: AI Storage Uncertainty Overshadows Breakneck Growth
- This Tech ETF Is Beating QQQ—and Canada May Be Part of the Reason
- Intel Is the Market’s Most Mispriced AI Hedge
- The Biggest Opportunity From SpaceX’s IPO May Surprise You
Want to see what other hedge funds are holding XEL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xcel Energy Inc. (NASDAQ:XEL – Free Report).
Receive News & Ratings for Xcel Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xcel Energy and related companies with MarketBeat.com's FREE daily email newsletter.
