9,959 Shares in Xcel Energy Inc. $XEL Purchased by Partners Capital Investment Group LLP

Partners Capital Investment Group LLP purchased a new stake in Xcel Energy Inc. (NASDAQ:XEL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 9,959 shares of the company’s stock, valued at approximately $800,000.

Other hedge funds have also added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new stake in shares of Xcel Energy in the second quarter valued at about $280,187,000. Cbre Investment Management Listed Real Assets LLC boosted its holdings in Xcel Energy by 18.1% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,324,667 shares of the company’s stock worth $171,700,000 after purchasing an additional 356,208 shares during the last quarter. PKO Investment Management Joint Stock Co bought a new stake in Xcel Energy in the 4th quarter worth about $1,477,000. Electron Capital Partners LLC grew its position in Xcel Energy by 15.2% in the 4th quarter. Electron Capital Partners LLC now owns 1,936,695 shares of the company’s stock worth $143,044,000 after purchasing an additional 255,884 shares in the last quarter. Finally, Reaves W H & Co. Inc. increased its stake in Xcel Energy by 13.1% in the 4th quarter. Reaves W H & Co. Inc. now owns 3,579,918 shares of the company’s stock valued at $264,413,000 after buying an additional 415,759 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Morgan Stanley cut their target price on Xcel Energy from $92.00 to $89.00 and set an “equal weight” rating on the stock in a research note on Friday. BTIG Research reiterated a “buy” rating and set a $99.00 price target on shares of Xcel Energy in a report on Friday, July 31st. Truist Financial cut their price objective on Xcel Energy from $94.00 to $88.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Mizuho set a $92.00 price objective on Xcel Energy in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. upped their price objective on Xcel Energy from $91.00 to $102.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Xcel Energy presently has a consensus rating of “Buy” and a consensus price target of $92.41.

Xcel Energy Price Performance

Xcel Energy stock opened at $77.33 on Tuesday. The business’s 50 day simple moving average is $79.31 and its 200 day simple moving average is $79.74. Xcel Energy Inc. has a 12 month low of $71.29 and a 12 month high of $84.23. The company has a market cap of $48.30 billion, a price-to-earnings ratio of 21.19, a PEG ratio of 1.98 and a beta of 0.39. The company has a current ratio of 0.70, a quick ratio of 0.62 and a debt-to-equity ratio of 1.49.

Xcel Energy (NASDAQ:XEL) last released its earnings results on Wednesday, July 29th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.14. The business had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.54 billion. Xcel Energy had a return on equity of 10.65% and a net margin of 15.28%.The business’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period last year, the business posted $1.59 earnings per share. Sell-side analysts forecast that Xcel Energy Inc. will post 4.12 EPS for the current year.

Xcel Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Tuesday, September 15th will be issued a $0.5925 dividend. 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 64.93%.

Xcel Energy Company 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.