Xcel Energy Inc. $XEL Position Raised by SCP Investment LP

SCP Investment LP lifted its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 291.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 18,800 shares of the company’s stock after acquiring an additional 14,000 shares during the period. Xcel Energy accounts for 1.1% of SCP Investment LP’s portfolio, making the stock its 22nd biggest holding. SCP Investment LP’s holdings in Xcel Energy were worth $1,389,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Xcel Energy during the third quarter worth approximately $27,000. Abound Wealth Management increased its position in Xcel Energy by 394.5% in the 4th quarter. Abound Wealth Management now owns 361 shares of the company’s stock valued at $27,000 after acquiring an additional 288 shares during the period. Beacon Financial Strategies CORP bought a new stake in Xcel Energy during the 4th quarter valued at $33,000. Pittenger & Anderson Inc. raised its stake in Xcel Energy by 73.8% during the 4th quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock valued at $35,000 after acquiring an additional 200 shares in the last quarter. Finally, Collier Financial acquired a new position in Xcel Energy during the 3rd quarter worth $38,000. 78.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on XEL shares. Wall Street Zen lowered Xcel Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Truist Financial reduced their price objective on shares of Xcel Energy from $95.00 to $92.00 and set a “buy” rating for the company in a report on Monday, May 18th. JPMorgan Chase & Co. decreased their target price on shares of Xcel Energy from $94.00 to $91.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. BMO Capital Markets boosted their price target on shares of Xcel Energy from $90.00 to $94.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Finally, Weiss Ratings raised shares of Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 20th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $90.63.

Xcel Energy Stock Up 1.9%

XEL opened at $77.87 on Wednesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.68 and a current ratio of 0.77. The company has a market capitalization of $48.61 billion, a PE ratio of 22.44, a P/E/G ratio of 1.98 and a beta of 0.39. The stock’s fifty day moving average is $79.76 and its 200-day moving average is $78.56. Xcel Energy Inc. has a one year low of $65.21 and a one year high of $84.23.

Xcel Energy (NASDAQ:XEL) last announced its earnings results on Wednesday, April 29th. The company reported $0.91 earnings per share for the quarter, meeting the consensus estimate of $0.91. Xcel Energy had a return on equity of 10.37% and a net margin of 14.14%.The business had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter last year, the business posted $0.84 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. On average, equities analysts predict that Xcel Energy Inc. will post 4.11 EPS for the current fiscal year.

Xcel Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, June 15th will be issued a $0.5925 dividend. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Monday, June 15th. Xcel Energy’s payout ratio is presently 68.30%.

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.