Private Advisor Group LLC lifted its stake in Xcel Energy Inc. (NASDAQ:XEL – Get Rating) by 3.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,026 shares of the company's stock after buying an additional 2,076 shares during the period. Private Advisor Group LLC's holdings in Xcel Energy were worth $3,894,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of XEL. Rockefeller Capital Management L.P. boosted its position in shares of Xcel Energy by 40.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 79,867 shares of the company's stock worth $5,406,000 after buying an additional 22,873 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Xcel Energy in the fourth quarter worth about $263,000. Goldman Sachs Group Inc. lifted its stake in shares of Xcel Energy by 0.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,730,501 shares of the company's stock worth $252,555,000 after acquiring an additional 10,509 shares in the last quarter. LPL Financial LLC lifted its stake in shares of Xcel Energy by 4.4% in the fourth quarter. LPL Financial LLC now owns 359,212 shares of the company's stock worth $24,319,000 after acquiring an additional 15,166 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of Xcel Energy by 0.7% in the fourth quarter. State Street Corp now owns 27,609,901 shares of the company's stock worth $1,881,643,000 after acquiring an additional 200,305 shares in the last quarter. Hedge funds and other institutional investors own 77.52% of the company's stock.
Get Xcel Energy alerts:Analyst Ratings Changes
Several research analysts recently commented on the company. Barclays cut their price target on Xcel Energy from $82.00 to $78.00 and set an "overweight" rating on the stock in a research note on Monday, July 18th. UBS Group cut their price objective on Xcel Energy from $74.00 to $71.00 and set a "neutral" rating on the stock in a research note on Thursday, June 30th. Morgan Stanley upped their price objective on Xcel Energy from $69.00 to $74.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 23rd. Finally, Credit Suisse Group cut their price objective on Xcel Energy to $77.00 in a research note on Thursday, June 9th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Xcel Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $74.40.
Xcel Energy Price Performance
Shares of XEL stock opened at $71.56 on Monday. Xcel Energy Inc. has a 12-month low of $61.15 and a 12-month high of $77.66. The company has a market cap of $39.14 billion, a price-to-earnings ratio of 23.77, a price-to-earnings-growth ratio of 3.52 and a beta of 0.34. The business has a 50 day simple moving average of $74.87. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.00 and a quick ratio of 0.86.Xcel Energy (NASDAQ:XEL – Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.60. Xcel Energy had a return on equity of 10.45% and a net margin of 11.66%. The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.18 billion. On average, equities analysts anticipate that Xcel Energy Inc. will post 3.17 EPS for the current fiscal year.
Xcel Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 20th. Investors of record on Thursday, September 15th will be issued a $0.4875 dividend. This represents a $1.95 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Wednesday, September 14th. Xcel Energy's dividend payout ratio (DPR) is 64.78%.
Xcel Energy Profile
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Xcel Energy Inc, through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources.
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