Renaissance Technologies LLC grew its position in shares of Xcel Energy Inc. (NASDAQ:XEL – Free Report) by 163.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 543,600 shares of the company’s stock after acquiring an additional 337,500 shares during the quarter. Renaissance Technologies LLC’s holdings in Xcel Energy were worth $43,184,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of XEL. Vanguard Group Inc. lifted its position in Xcel Energy by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 77,610,805 shares of the company’s stock valued at $5,732,334,000 after purchasing an additional 885,085 shares during the last quarter. State Street Corp grew its position in Xcel Energy by 1.2% in the 4th quarter. State Street Corp now owns 36,340,645 shares of the company’s stock worth $2,704,534,000 after purchasing an additional 444,092 shares during the last quarter. Bank of America Corp DE grew its position in Xcel Energy by 9.0% in the 2nd quarter. Bank of America Corp DE now owns 26,262,079 shares of the company’s stock worth $1,788,448,000 after purchasing an additional 2,157,602 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Xcel Energy by 16.9% in the fourth quarter. JPMorgan Chase & Co. now owns 24,572,438 shares of the company’s stock valued at $1,814,920,000 after purchasing an additional 3,546,423 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Xcel Energy by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 16,496,124 shares of the company’s stock valued at $1,214,035,000 after purchasing an additional 126,498 shares during the period. Institutional investors own 78.38% of the company’s stock.
Xcel Energy Stock Performance
Shares of NASDAQ XEL opened at $80.71 on Tuesday. Xcel Energy Inc. has a 1 year low of $69.16 and a 1 year high of $84.23. The firm has a market cap of $50.38 billion, a P/E ratio of 23.26, a PEG ratio of 2.12 and a beta of 0.39. The stock has a fifty day moving average price of $79.65 and a two-hundred day moving average price of $79.34. 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 Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Monday, June 15th were given a $0.5925 dividend. The ex-dividend date was Monday, June 15th. This represents a $2.37 annualized dividend and a yield of 2.9%. Xcel Energy’s payout ratio is 68.30%.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on XEL shares. Wall Street Zen downgraded Xcel Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. JPMorgan Chase & Co. raised their target price on Xcel Energy from $91.00 to $102.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Barclays lifted their target price on Xcel Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Evercore reiterated an “outperform” rating and set a $96.00 price target on shares of Xcel Energy in a research report on Monday, May 4th. Finally, New Street Research set a $91.00 price target on Xcel Energy in a research note on Tuesday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Xcel Energy has an average rating of “Buy” and an average price target of $92.65.
Check Out Our Latest Report on Xcel Energy
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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