ExodusPoint Capital Management LP boosted its position in shares of Xcel Energy Inc. (NASDAQ:XEL – Free Report) by 146.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 898,234 shares of the company’s stock after buying an additional 533,059 shares during the period. Xcel Energy comprises 0.5% of ExodusPoint Capital Management LP’s portfolio, making the stock its 10th biggest holding. ExodusPoint Capital Management LP’s holdings in Xcel Energy were worth $66,344,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of XEL. Brighton Jones LLC purchased a new stake in Xcel Energy during the 4th quarter worth approximately $240,000. Empowered Funds LLC boosted its holdings in shares of Xcel Energy by 30.7% during the 1st quarter. Empowered Funds LLC now owns 13,810 shares of the company’s stock worth $978,000 after purchasing an additional 3,242 shares during the last quarter. Woodline Partners LP boosted its holdings in shares of Xcel Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 48,515 shares of the company’s stock worth $3,434,000 after purchasing an additional 14,029 shares during the last quarter. Brown Advisory Inc. boosted its holdings in shares of Xcel Energy by 4.8% during the 2nd quarter. Brown Advisory Inc. now owns 10,193 shares of the company’s stock worth $694,000 after purchasing an additional 469 shares during the last quarter. Finally, Cary Street Partners Financial LLC boosted its holdings in shares of Xcel Energy by 16.0% during the 2nd quarter. Cary Street Partners Financial LLC now owns 2,620 shares of the company’s stock worth $178,000 after purchasing an additional 362 shares during the last quarter. 78.38% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on XEL. JPMorgan Chase & Co. lowered their target price on Xcel Energy from $94.00 to $91.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Morgan Stanley set a $87.00 target price on Xcel Energy in a report on Thursday, May 21st. Barclays lowered their target price on Xcel Energy from $91.00 to $87.00 and set an “overweight” rating on the stock in a report on Tuesday, May 12th. Wall Street Zen cut Xcel Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Evercore restated an “outperform” rating and set a $96.00 target price on shares of Xcel Energy in a report on Monday, May 4th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $90.63.
Xcel Energy Trading Down 0.5%
XEL opened at $78.98 on Wednesday. Xcel Energy Inc. has a one year low of $65.21 and a one year high of $84.23. The stock has a market capitalization of $49.30 billion, a PE ratio of 22.76, a P/E/G ratio of 2.06 and a beta of 0.39. The business’s 50 day moving average price is $79.68 and its 200 day moving average price is $78.40. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.68 and a current ratio of 0.77.
Xcel Energy (NASDAQ:XEL – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.91 EPS for the quarter, meeting analysts’ consensus estimates of $0.91. Xcel Energy had a return on equity of 10.37% and a net margin of 14.14%.The firm had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same period in the prior year, the firm posted $0.84 earnings per share. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. As a group, equities research analysts expect that Xcel Energy Inc. will post 4.11 EPS for the current year.
Xcel Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, June 15th will be issued a $0.5925 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.37 dividend on an annualized basis and a yield of 3.0%. Xcel Energy’s dividend payout ratio is currently 68.30%.
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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