BTG Pactual Asset Management US LLC Acquires 61,314 Shares of Xcel Energy Inc. $XEL

BTG Pactual Asset Management US LLC increased its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 45.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 196,478 shares of the company’s stock after acquiring an additional 61,314 shares during the period. Xcel Energy comprises 0.9% of BTG Pactual Asset Management US LLC’s investment portfolio, making the stock its 15th biggest holding. BTG Pactual Asset Management US LLC’s holdings in Xcel Energy were worth $15,777,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Evolution Wealth Management Inc. grew its holdings in Xcel Energy by 365.3% during the first quarter. Evolution Wealth Management Inc. now owns 349 shares of the company’s stock worth $28,000 after buying an additional 274 shares in the last quarter. Pin Oak Investment Advisors Inc. bought a new stake in shares of Xcel Energy in the 2nd quarter worth $29,000. Garton & Associates Financial Advisors LLC bought a new stake in shares of Xcel Energy in the 4th quarter worth $30,000. First Bancorp Inc ME purchased a new stake in shares of Xcel Energy in the second quarter valued at about $36,000. Finally, Pittenger & Anderson Inc. raised its holdings in shares of Xcel Energy by 73.8% in the fourth quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock valued at $35,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Truist Financial cut their price target on shares of Xcel Energy from $94.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. Morgan Stanley dropped their target price on shares of Xcel Energy from $92.00 to $89.00 and set an “equal weight” rating on the stock in a research report on Friday, August 21st. Weiss Ratings restated a “buy (b-)” rating on shares of Xcel Energy in a research note on Wednesday, June 17th. KeyCorp reaffirmed an “overweight” rating on shares of Xcel Energy in a report on Monday, June 8th. Finally, Jefferies Financial Group set a $101.00 price target on Xcel Energy in a research report on Tuesday, July 7th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $92.41.

Xcel Energy Stock Performance

NASDAQ XEL opened at $76.45 on Monday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.62 and a current ratio of 0.70. The company has a market capitalization of $47.75 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 1.98 and a beta of 0.39. Xcel Energy Inc. has a 52-week low of $71.29 and a 52-week high of $84.23. The company has a 50-day simple moving average of $79.25 and a 200 day simple moving average of $79.77.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.93 earnings per share (EPS) 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 company had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same quarter last year, the business posted $1.59 EPS. Xcel Energy’s quarterly revenue was down 5.1% compared to the same quarter last year. On average, research analysts predict that Xcel Energy Inc. will post 4.12 EPS for the current year.

Xcel Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.5925 per share. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, September 15th. Xcel Energy’s dividend payout ratio 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.