49,822 Shares in Xcel Energy Inc. $XEL Bought by Capital Innovations LLC

Capital Innovations LLC bought a new position in Xcel Energy Inc. (NASDAQ:XEL) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 49,822 shares of the company’s stock, valued at approximately $3,680,000.

A number of other institutional investors and hedge funds have also bought and sold shares of XEL. Bank of America Corp DE raised its position in Xcel Energy by 9.9% in the 3rd quarter. Bank of America Corp DE now owns 28,851,485 shares of the company’s stock valued at $2,326,872,000 after buying an additional 2,589,406 shares during the last quarter. Barclays PLC increased its position in shares of Xcel Energy by 54.3% during the 3rd quarter. Barclays PLC now owns 6,098,386 shares of the company’s stock valued at $491,835,000 after purchasing an additional 2,145,063 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Xcel Energy by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 76,725,720 shares of the company’s stock valued at $6,187,929,000 after purchasing an additional 2,001,018 shares during the last quarter. State Street Corp increased its position in shares of Xcel Energy by 5.1% during the 3rd quarter. State Street Corp now owns 35,896,553 shares of the company’s stock valued at $2,914,984,000 after purchasing an additional 1,752,296 shares during the last quarter. Finally, Raymond James Financial Inc. increased its position in shares of Xcel Energy by 100.3% during the 2nd quarter. Raymond James Financial Inc. now owns 2,519,061 shares of the company’s stock valued at $171,548,000 after purchasing an additional 1,261,439 shares during the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Price Performance

Shares of Xcel Energy stock opened at $77.87 on Wednesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.77 and a quick ratio of 0.68. The business’s 50 day simple moving average is $79.76 and its two-hundred day simple moving average is $78.56. The stock has a market capitalization of $48.61 billion, a P/E ratio of 22.44, a price-to-earnings-growth ratio of 1.98 and a beta of 0.39. 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 quarterly earnings results on Wednesday, April 29th. The company reported $0.91 EPS for the quarter, hitting analysts’ consensus estimates of $0.91. The business had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $4.21 billion. Xcel Energy had a return on equity of 10.37% and a net margin of 14.14%.The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.84 EPS. Analysts forecast that Xcel Energy Inc. will post 4.11 EPS for the current year.

Xcel Energy Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Truist Financial decreased their price objective on Xcel Energy from $95.00 to $92.00 and set a “buy” rating for the company in a report on Monday, May 18th. Argus set a $86.00 price target on Xcel Energy in a research report on Thursday, March 12th. Evercore reiterated an “outperform” rating and set a $96.00 price target on shares of Xcel Energy in a research report on Monday, May 4th. Weiss Ratings upgraded Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 20th. Finally, BMO Capital Markets boosted their target price on Xcel Energy from $90.00 to $94.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Xcel Energy currently has a consensus rating of “Buy” and an average target price of $90.63.

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.