Nykredit A S bought a new position in shares of Xcel Energy Inc. (NASDAQ:XEL – Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 55,338 shares of the company’s stock, valued at approximately $4,444,000.
Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Xcel Energy in the second quarter valued at approximately $4,890,136,000. GQG Partners LLC acquired a new stake in Xcel Energy during the 2nd quarter valued at approximately $891,688,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Xcel Energy during the 2nd quarter worth approximately $708,086,000. Legal & General Group Plc bought a new position in Xcel Energy during the 2nd quarter worth approximately $503,543,000. Finally, Deutsche Bank AG acquired a new position in shares of Xcel Energy in the 2nd quarter worth approximately $433,927,000. Institutional investors own 78.38% of the company’s stock.
Xcel Energy Stock Performance
Shares of XEL stock opened at $75.72 on Monday. The company has a market cap of $47.30 billion, a price-to-earnings ratio of 20.75, a price-to-earnings-growth ratio of 2.56 and a beta of 0.39. Xcel Energy Inc. has a 52 week low of $71.29 and a 52 week high of $84.23. The company has a quick ratio of 0.62, a current ratio of 0.70 and a debt-to-equity ratio of 1.49. The firm has a 50 day moving average of $78.74 and a 200-day moving average of $79.64.
Xcel Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.5925 per share. The ex-dividend date is Tuesday, September 15th. This represents a $2.37 annualized dividend and a dividend yield of 3.1%. Xcel Energy’s dividend payout ratio is currently 64.93%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on XEL shares. Mizuho set a $92.00 price objective on shares of Xcel Energy in a research note on Friday, July 31st. New Street Research set a $91.00 target price on shares of Xcel Energy in a research note on Tuesday, June 23rd. JPMorgan Chase & Co. boosted their target price on shares of Xcel Energy from $91.00 to $102.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Barclays upped their price target on shares of Xcel Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Finally, Jefferies Financial Group set a $101.00 price target on Xcel Energy in a report on Tuesday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $92.41.
Read Our Latest Analysis on XEL
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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