Gallagher Fiduciary Advisors LLC Takes Position in Xcel Energy Inc. $XEL

Gallagher Fiduciary Advisors LLC purchased a new position in shares of Xcel Energy Inc. (NASDAQ:XEL) in the second quarter, HoldingsChannel reports. The firm purchased 17,952 shares of the company’s stock, valued at approximately $1,442,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Xcel Energy by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 77,610,805 shares of the company’s stock valued at $5,732,334,000 after buying an additional 885,085 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Xcel Energy during the second quarter valued at about $4,890,136,000. State Street Corp increased its position in shares of Xcel Energy by 1.2% during the fourth quarter. State Street Corp now owns 36,340,645 shares of the company’s stock valued at $2,704,534,000 after acquiring an additional 444,092 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Xcel Energy by 5.9% in the 1st quarter. Bank of America Corp DE now owns 29,441,811 shares of the company’s stock valued at $2,338,858,000 after acquiring an additional 1,637,890 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Xcel Energy by 16.9% in the 4th quarter. JPMorgan Chase & Co. now owns 24,572,438 shares of the company’s stock valued at $1,814,920,000 after acquiring an additional 3,546,423 shares during the period. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Trading Down 0.2%

NASDAQ:XEL opened at $77.19 on Wednesday. The firm has a market cap of $48.22 billion, a PE ratio of 21.15, a price-to-earnings-growth ratio of 2.01 and a beta of 0.39. The stock has a fifty day moving average price of $79.27 and a 200 day moving average price of $79.75. Xcel Energy Inc. has a 12-month low of $71.29 and a 12-month 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.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.14. The company had revenue of $3.12 billion for 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%.Xcel Energy’s revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.59 EPS. Sell-side analysts anticipate that Xcel Energy Inc. will post 4.12 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The company also recently announced 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%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group set a $101.00 price objective on shares of Xcel Energy in a research report on Tuesday, July 7th. Truist Financial lowered their target price on Xcel Energy from $94.00 to $88.00 and set a “buy” rating for the company in a report on Thursday, August 13th. JPMorgan Chase & Co. lifted their target price on Xcel Energy from $91.00 to $102.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Xcel Energy in a research note on Wednesday, June 17th. Finally, Wall Street Zen cut 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 given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Xcel Energy currently has an average rating of “Buy” and a consensus price target of $92.41.

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.