Xcel Energy Inc. $XEL Shares Purchased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp boosted its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 8,880.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,785,155 shares of the company’s stock after buying an additional 1,765,277 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Xcel Energy were worth $131,852,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of XEL. Brighton Jones LLC acquired a new position in shares of Xcel Energy in the 4th quarter valued at about $240,000. Empowered Funds LLC lifted its stake in shares of Xcel Energy by 30.7% in 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 in the last quarter. Woodline Partners LP lifted its stake in shares of Xcel Energy by 40.7% in 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 in the last quarter. Brown Advisory Inc. lifted its stake in shares of Xcel Energy by 4.8% in 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 in the last quarter. Finally, Cary Street Partners Financial LLC lifted its stake in shares of Xcel Energy by 16.0% in 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 in the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Price Performance

XEL stock opened at $79.35 on Tuesday. 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 Inc. has a 52-week low of $65.21 and a 52-week high of $84.23. The stock’s 50 day moving average is $79.72 and its two-hundred day moving average is $78.42. The company has a market capitalization of $49.54 billion, a PE ratio of 22.87, a P/E/G ratio of 2.06 and a beta of 0.39.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.91 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.91. Xcel Energy had a return on equity of 10.37% and a net margin of 14.14%.The company had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same period in the previous year, the business earned $0.84 EPS. Xcel Energy’s revenue for the quarter was up 2.9% compared to the same quarter last year. Analysts predict that Xcel Energy Inc. will post 4.11 earnings per share for the current fiscal year.

Xcel Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.5925 per share. The ex-dividend date is Monday, June 15th. This represents a $2.37 annualized dividend and a yield of 3.0%. Xcel Energy’s payout ratio is currently 68.30%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Truist Financial reduced their price objective on Xcel Energy from $95.00 to $92.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. BMO Capital Markets lifted their price objective on Xcel Energy from $90.00 to $94.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Argus set a $86.00 price objective on Xcel Energy in a research note on Thursday, March 12th. Morgan Stanley set a $87.00 price objective on Xcel Energy in a research note on Thursday, May 21st. Finally, Evercore reaffirmed an “outperform” rating and issued a $96.00 price objective on shares of Xcel Energy in a research note on Monday, May 4th. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $90.63.

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.