Tema Etfs LLC Has $4.40 Million Holdings in Xcel Energy Inc. $XEL

Tema Etfs LLC increased its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 44.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,494 shares of the company’s stock after acquiring an additional 16,681 shares during the period. Tema Etfs LLC’s holdings in Xcel Energy were worth $4,395,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC raised its stake in shares of Xcel Energy by 35.4% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 35,803 shares of the company’s stock valued at $2,438,000 after purchasing an additional 9,355 shares during the period. Balyasny Asset Management L.P. boosted its position in shares of Xcel Energy by 2,324.9% during the second quarter. Balyasny Asset Management L.P. now owns 1,716,351 shares of the company’s stock worth $116,884,000 after buying an additional 1,645,571 shares during the period. Jump Financial LLC acquired a new position in shares of Xcel Energy during the second quarter worth about $9,196,000. Nordea Investment Management AB grew its holdings in shares of Xcel Energy by 10.3% during the second quarter. Nordea Investment Management AB now owns 3,211,081 shares of the company’s stock worth $216,042,000 after buying an additional 299,484 shares in the last quarter. Finally, VCI Wealth Management LLC acquired a new stake in Xcel Energy in the 3rd quarter valued at approximately $1,176,000. 78.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on XEL. UBS Group reduced their price target on Xcel Energy from $86.00 to $81.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Weiss Ratings raised shares of Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 24th. Barclays increased their target price on shares of Xcel Energy from $83.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. TD Cowen assumed coverage on shares of Xcel Energy in a research note on Thursday, October 16th. They issued a “buy” rating and a $93.00 price target on the stock. Finally, Jefferies Financial Group boosted their price target on shares of Xcel Energy from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $87.21.

Xcel Energy Price Performance

NASDAQ:XEL opened at $74.26 on Monday. Xcel Energy Inc. has a 1-year low of $62.58 and a 1-year high of $83.01. The company has a current ratio of 0.79, a quick ratio of 0.69 and a debt-to-equity ratio of 1.51. The firm has a fifty day simple moving average of $77.23 and a 200 day simple moving average of $75.31. The stock has a market capitalization of $43.93 billion, a PE ratio of 22.64, a P/E/G ratio of 2.03 and a beta of 0.46.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.08). The firm had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.89 billion. Xcel Energy had a return on equity of 10.45% and a net margin of 13.46%.The business’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company posted $1.25 earnings per share. On average, research analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 20th. Stockholders of record on Monday, December 29th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, December 29th. Xcel Energy’s dividend payout ratio is presently 69.51%.

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.