Rakuten Investment Management Inc. lifted its position in Xcel Energy Inc. (NASDAQ:XEL – Free Report) by 1,037.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 109,741 shares of the company’s stock after buying an additional 100,090 shares during the period. Rakuten Investment Management Inc.’s holdings in Xcel Energy were worth $8,134,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of XEL. Barclays PLC raised its stake in shares of Xcel Energy by 63.6% in the 4th quarter. Barclays PLC now owns 9,979,397 shares of the company’s stock worth $737,078,000 after buying an additional 3,881,011 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Xcel Energy by 16.9% in the 4th quarter. JPMorgan Chase & Co. now owns 24,572,438 shares of the company’s stock worth $1,814,920,000 after buying an additional 3,546,423 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Xcel Energy by 9.9% in the 3rd quarter. Bank of America Corp DE now owns 28,851,485 shares of the company’s stock worth $2,326,872,000 after buying an additional 2,589,406 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Xcel Energy by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 76,725,720 shares of the company’s stock worth $6,187,929,000 after buying an additional 2,001,018 shares in the last quarter. Finally, Boston Partners raised its stake in shares of Xcel Energy by 4,530.7% in the 4th quarter. Boston Partners now owns 2,024,541 shares of the company’s stock worth $149,538,000 after buying an additional 1,980,821 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.
Analyst Ratings Changes
A number of analysts have recently commented on XEL shares. Truist Financial dropped their price objective on Xcel Energy from $95.00 to $92.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Wall Street Zen downgraded Xcel Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. UBS Group boosted their price objective on Xcel Energy from $89.00 to $91.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Evercore reissued an “outperform” rating and issued a $96.00 price objective on shares of Xcel Energy in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. dropped their price objective on Xcel Energy from $94.00 to $91.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Three 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 stock. Based on data from MarketBeat.com, Xcel Energy currently has a consensus rating of “Buy” and an average price target of $90.63.
Xcel Energy Stock Down 0.5%
Shares of Xcel Energy stock opened at $78.98 on Wednesday. The stock’s fifty day moving average is $79.68 and its 200-day moving average is $78.40. The firm has a market capitalization of $49.30 billion, a PE ratio of 22.76, a price-to-earnings-growth ratio of 2.06 and a beta of 0.39. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.45. Xcel Energy Inc. has a 12-month low of $65.21 and a 12-month high of $84.23.
Xcel Energy (NASDAQ:XEL – Get Free Report) last announced its earnings results on Wednesday, April 29th. The company reported $0.91 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.91. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.21 billion. Xcel Energy had a return on equity of 10.37% and a net margin of 14.14%.Xcel Energy’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.84 earnings per share. Equities analysts anticipate that Xcel Energy Inc. will post 4.11 earnings per share for the current year.
Xcel Energy Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, June 15th will be given a dividend of $0.5925 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.0%. Xcel Energy’s payout ratio is 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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