Two Sigma Securities LLC acquired a new position in Xcel Energy Inc. (NASDAQ:XEL – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 42,393 shares of the company’s stock, valued at approximately $3,404,000.
A number of other hedge funds also recently bought and sold shares of XEL. Bank of New York Mellon Corp purchased a new position in Xcel Energy during the second quarter valued at $280,187,000. Cbre Investment Management Listed Real Assets LLC grew its holdings in Xcel Energy by 18.1% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,324,667 shares of the company’s stock valued at $171,700,000 after purchasing an additional 356,208 shares during the period. Jupiter Topco LLC purchased a new stake in Xcel Energy in the second quarter worth about $94,211,000. PKO Investment Management Joint Stock Co bought a new position in shares of Xcel Energy in the fourth quarter worth about $1,477,000. Finally, Electron Capital Partners LLC raised its stake in shares of Xcel Energy by 15.2% in the fourth quarter. Electron Capital Partners LLC now owns 1,936,695 shares of the company’s stock worth $143,044,000 after buying an additional 255,884 shares during the period. Hedge funds and other institutional investors own 78.38% of the company’s stock.
Xcel Energy Price Performance
XEL opened at $76.45 on Monday. The company has a market capitalization of $47.75 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 1.98 and a beta of 0.39. The firm has a 50-day simple moving average of $79.25 and a two-hundred day simple moving average of $79.77. The company has a quick ratio of 0.62, a current ratio of 0.70 and a debt-to-equity ratio of 1.49. Xcel Energy Inc. has a 52 week low of $71.29 and a 52 week high of $84.23.
Xcel Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Tuesday, September 15th will be paid a $0.5925 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.37 dividend on an annualized basis and a yield of 3.1%. Xcel Energy’s payout ratio is presently 64.93%.
Analyst Ratings Changes
A number of research analysts have recently weighed in on XEL shares. BTIG Research reaffirmed a “buy” rating and set a $99.00 price objective on shares of Xcel Energy in a research report on Friday, July 31st. Jefferies Financial Group set a $101.00 target price on shares of Xcel Energy in a research note on Tuesday, July 7th. Wall Street Zen downgraded shares of Xcel Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. KeyCorp reissued an “overweight” rating on shares of Xcel Energy in a research note on Monday, June 8th. Finally, Truist Financial decreased their price objective on shares of Xcel Energy from $94.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Xcel Energy presently has a consensus rating of “Buy” and a consensus target price of $92.41.
Get Our Latest Research Report on XEL
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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