Callan Family Office LLC Makes New Investment in Xcel Energy Inc. $XEL

Callan Family Office LLC bought a new stake in Xcel Energy Inc. (NASDAQ:XEL) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 20,129 shares of the company’s stock, valued at approximately $1,616,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Quadrant Capital Group LLC grew its stake in Xcel Energy by 1.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 7,358 shares of the company’s stock valued at $593,000 after purchasing an additional 125 shares during the period. Bleakley Financial Group LLC increased its position in shares of Xcel Energy by 0.5% during the 4th quarter. Bleakley Financial Group LLC now owns 28,949 shares of the company’s stock valued at $2,138,000 after purchasing an additional 131 shares during the last quarter. Hills Bank & Trust Co raised its stake in shares of Xcel Energy by 2.2% during the 4th quarter. Hills Bank & Trust Co now owns 6,184 shares of the company’s stock worth $457,000 after purchasing an additional 133 shares during the period. Keel Point LLC raised its stake in shares of Xcel Energy by 2.6% during the 4th quarter. Keel Point LLC now owns 5,485 shares of the company’s stock worth $405,000 after purchasing an additional 137 shares during the period. Finally, KCM Investment Advisors LLC boosted its holdings in shares of Xcel Energy by 1.9% in the 1st quarter. KCM Investment Advisors LLC now owns 7,549 shares of the company’s stock worth $600,000 after buying an additional 140 shares during the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on XEL. Truist Financial reduced their price target on shares of Xcel Energy from $94.00 to $88.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Mizuho set a $92.00 price objective on shares of Xcel Energy in a research report 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 research note on Thursday, July 16th. Finally, Wall Street Zen downgraded shares of Xcel Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $92.41.

Xcel Energy Stock Performance

Xcel Energy stock opened at $76.30 on Monday. Xcel Energy Inc. has a 1-year low of $71.29 and a 1-year high of $84.23. The company has a current ratio of 0.70, a quick ratio of 0.62 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $47.66 billion, a PE ratio of 20.90, a price-to-earnings-growth ratio of 1.98 and a beta of 0.39. The firm’s 50 day simple moving average is $79.35 and its 200 day simple moving average is $79.73.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.79 by $0.14. The firm had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.54 billion. Xcel Energy had a net margin of 15.28% and a return on equity of 10.65%. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period last year, the firm earned $1.59 EPS. As a group, analysts expect that Xcel Energy Inc. will post 4.12 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 Tuesday, October 20th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.5925 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.37 annualized dividend and a yield of 3.1%. Xcel Energy’s dividend payout ratio (DPR) is currently 64.93%.

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.