University of Texas Texas AM Investment Management Co. Increases Stake in Xcel Energy Inc. $XEL

University of Texas Texas AM Investment Management Co. increased its stake in Xcel Energy Inc. (NASDAQ:XEL) by 210.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,378 shares of the company’s stock after purchasing an additional 13,809 shares during the quarter. University of Texas Texas AM Investment Management Co.’s holdings in Xcel Energy were worth $1,505,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in XEL. Quadrant Capital Group LLC raised its stake in Xcel Energy by 1.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 7,358 shares of the company’s stock worth $593,000 after acquiring an additional 125 shares during the period. TIAA Trust National Association lifted its stake in shares of Xcel Energy by 1.0% during the 3rd quarter. TIAA Trust National Association now owns 12,683 shares of the company’s stock valued at $1,022,000 after buying an additional 126 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in Xcel Energy by 0.5% in the 4th quarter. Bleakley Financial Group LLC now owns 28,949 shares of the company’s stock worth $2,138,000 after buying an additional 131 shares during the period. Hills Bank & Trust Co increased its stake in Xcel Energy by 2.2% in the 4th quarter. Hills Bank & Trust Co now owns 6,184 shares of the company’s stock worth $457,000 after buying an additional 133 shares in the last quarter. Finally, Keel Point LLC lifted its position in shares of Xcel Energy by 2.6% in the fourth quarter. Keel Point LLC now owns 5,485 shares of the company’s stock valued at $405,000 after acquiring an additional 137 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on XEL shares. Barclays lowered their price target on Xcel Energy from $91.00 to $87.00 and set an “overweight” rating on the stock in a report on Tuesday, May 12th. Wall Street Zen downgraded shares of Xcel Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Evercore restated an “outperform” rating and set a $96.00 target price on shares of Xcel Energy in a research report on Monday, May 4th. Morgan Stanley set a $87.00 price target on shares of Xcel Energy in a report on Thursday, May 21st. Finally, JPMorgan Chase & Co. reduced their target price on Xcel Energy from $94.00 to $91.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $90.63.

Xcel Energy Price Performance

XEL opened at $79.35 on Tuesday. The firm has a market capitalization of $49.54 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 2.06 and a beta of 0.39. Xcel Energy Inc. has a 1 year low of $65.21 and a 1 year high of $84.23. 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 moving average is $79.72 and its two-hundred day moving average is $78.42.

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

Xcel Energy Dividend Announcement

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

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.