Xcel Energy Inc. $XEL Shares Bought by NewEdge Advisors LLC

NewEdge Advisors LLC grew its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 13.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 101,144 shares of the company’s stock after buying an additional 11,918 shares during the quarter. NewEdge Advisors LLC’s holdings in Xcel Energy were worth $8,035,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Optiver Holding B.V. lifted its position in shares of Xcel Energy by 55.4% during the 1st quarter. Optiver Holding B.V. now owns 1,664 shares of the company’s stock valued at $132,000 after buying an additional 593 shares in the last quarter. Glenmede Trust Co. NA increased its stake in Xcel Energy by 4.5% during the 1st quarter. Glenmede Trust Co. NA now owns 61,558 shares of the company’s stock worth $4,890,000 after buying an additional 2,652 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in Xcel Energy in the 1st quarter valued at $5,062,000. CTC Alternative Strategies Ltd. acquired a new stake in shares of Xcel Energy in the first quarter valued at about $500,000. Finally, Vestor Capital LLC purchased a new position in Xcel Energy in the 1st quarter worth approximately $165,000. 78.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

XEL has been the subject of several recent research reports. Truist Financial increased their price target on Xcel Energy from $92.00 to $94.00 and gave the company a “buy” rating in a report on Thursday, July 16th. BMO Capital Markets reduced their price target on shares of Xcel Energy from $95.00 to $92.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 22nd. BTIG Research reissued a “buy” rating and set a $99.00 target price on shares of Xcel Energy in a research note on Friday, July 31st. KeyCorp reiterated an “overweight” rating on shares of Xcel Energy in a report on Monday, June 8th. Finally, Barclays raised 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. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Xcel Energy currently has a consensus rating of “Buy” and an average target price of $92.76.

Xcel Energy Stock Performance

Shares of Xcel Energy stock opened at $78.07 on Monday. The company has a quick ratio of 0.62, a current ratio of 0.70 and a debt-to-equity ratio of 1.49. Xcel Energy Inc. has a 52 week low of $69.16 and a 52 week high of $84.23. The firm’s 50 day moving average is $79.26 and its two-hundred day moving average is $79.55. The firm has a market capitalization of $48.76 billion, a P/E ratio of 21.39, a P/E/G ratio of 2.03 and a beta of 0.39.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.14. Xcel Energy had a net margin of 15.28% and a return on equity of 10.65%. The business had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.54 billion. During the same quarter in the previous year, the firm earned $1.59 EPS. The company’s revenue was down 5.1% compared to the same quarter last year. Research analysts forecast that Xcel Energy Inc. will post 4.11 EPS for the current fiscal year.

Xcel Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.5925 per share. This represents a $2.37 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Tuesday, September 15th. Xcel Energy’s dividend payout ratio (DPR) is currently 64.93%.

About Xcel Energy

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.