Cohen & Steers Inc. lifted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL – Free Report) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,138,406 shares of the company’s stock after buying an additional 35,010 shares during the period. Cohen & Steers Inc. owned 0.19% of Xcel Energy worth $84,083,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of XEL. Brighton Jones LLC bought a new stake in shares of Xcel Energy during the 4th quarter valued at about $240,000. Empowered Funds LLC boosted its stake in Xcel Energy by 30.7% during the 1st quarter. Empowered Funds LLC now owns 13,810 shares of the company’s stock valued at $978,000 after purchasing an additional 3,242 shares during the period. Woodline Partners LP boosted its stake in Xcel Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 48,515 shares of the company’s stock valued at $3,434,000 after purchasing an additional 14,029 shares during the period. Brown Advisory Inc. boosted its stake in Xcel Energy by 4.8% during the 2nd quarter. Brown Advisory Inc. now owns 10,193 shares of the company’s stock valued at $694,000 after purchasing an additional 469 shares during the period. Finally, Cary Street Partners Financial LLC boosted its stake in Xcel Energy by 16.0% during the 2nd quarter. Cary Street Partners Financial LLC now owns 2,620 shares of the company’s stock valued at $178,000 after purchasing an additional 362 shares during the period. Institutional investors own 78.38% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on XEL. Barclays reduced their target price on shares of Xcel Energy from $91.00 to $87.00 and set an “overweight” rating for the company in a research note on Tuesday, May 12th. Morgan Stanley set a $87.00 target price on shares of Xcel Energy in a research note on Thursday, May 21st. JPMorgan Chase & Co. reduced their target price on shares of Xcel Energy from $94.00 to $91.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Evercore reissued an “outperform” rating and set a $96.00 target price on shares of Xcel Energy in a research note on Monday, May 4th. Finally, Argus set a $86.00 target price on shares of Xcel Energy in a research note on Thursday, March 12th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $90.63.
Xcel Energy Trading Up 1.2%
Xcel Energy stock opened at $79.22 on Friday. The firm has a 50-day moving average price of $79.74 and a two-hundred day moving average price of $78.44. The firm has a market capitalization of $49.45 billion, a price-to-earnings ratio of 22.83, a PEG ratio of 2.03 and a beta of 0.39. Xcel Energy Inc. has a 52-week low of $65.21 and a 52-week high of $84.23. 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 (NASDAQ:XEL – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.91 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.91. The company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.21 billion. Xcel Energy had a net margin of 14.14% and a return on equity of 10.37%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.84 EPS. Sell-side analysts expect that Xcel Energy Inc. will post 4.11 earnings per share for the current year.
Xcel Energy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, June 15th will be paid a $0.5925 dividend. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, June 15th. Xcel Energy’s dividend payout ratio is currently 68.30%.
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.
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