Wealthfront Advisers LLC lifted its holdings in Xcel Energy Inc. (NASDAQ:XEL – Free Report) by 5.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 146,612 shares of the company’s stock after purchasing an additional 7,649 shares during the period. Wealthfront Advisers LLC’s holdings in Xcel Energy were worth $11,647,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Xcel Energy by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 77,610,805 shares of the company’s stock worth $5,732,334,000 after buying an additional 885,085 shares in the last quarter. State Street Corp boosted its position in Xcel Energy by 1.2% during the 4th quarter. State Street Corp now owns 36,340,645 shares of the company’s stock valued at $2,704,534,000 after acquiring an additional 444,092 shares in the last quarter. Bank of America Corp DE boosted its position in Xcel Energy by 9.0% during the 2nd quarter. Bank of America Corp DE now owns 26,262,079 shares of the company’s stock valued at $1,788,448,000 after acquiring an additional 2,157,602 shares in the last quarter. JPMorgan Chase & Co. increased its holdings 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 valued at $1,814,920,000 after acquiring an additional 3,546,423 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Xcel Energy by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 16,496,124 shares of the company’s stock valued at $1,214,035,000 after acquiring an additional 126,498 shares during the period. 78.38% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on XEL shares. KeyCorp restated an “overweight” rating on shares of Xcel Energy in a research note on Monday, June 8th. Jefferies Financial Group set a $101.00 target price on Xcel Energy in a research note on Tuesday, July 7th. Truist Financial lifted their target price on Xcel Energy from $92.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday. Evercore reiterated an “outperform” rating and issued a $96.00 target price on shares of Xcel Energy in a report on Monday, May 4th. Finally, Mizuho decreased their price target on shares of Xcel Energy from $94.00 to $91.00 and set an “outperform” rating for the company in a research report on Tuesday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Xcel Energy has an average rating of “Buy” and an average price target of $92.76.
Xcel Energy Stock Performance
Shares of XEL stock opened at $78.77 on Friday. The business’s fifty day simple moving average is $79.56 and its 200-day simple moving average is $79.05. The company has a market cap of $49.17 billion, a PE ratio of 22.70, a PEG ratio of 2.08 and a beta of 0.39. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 1.45. Xcel Energy Inc. has a 12-month low of $69.16 and a 12-month high of $84.23.
Xcel Energy (NASDAQ:XEL – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.91 EPS for the quarter, meeting the consensus estimate 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 during the quarter, compared to analyst estimates of $4.21 billion. During the same quarter in the prior year, the business posted $0.84 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. Analysts expect that Xcel Energy Inc. will post 4.11 earnings per share for the current fiscal year.
Xcel Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, June 15th will be paid 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 (DPR) is 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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