PensionDanmark Pensionsforsikringsaktieselskab Acquires 11,100 Shares of Xcel Energy Inc. $XEL

PensionDanmark Pensionsforsikringsaktieselskab grew its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 9.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,350 shares of the company’s stock after buying an additional 11,100 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Xcel Energy were worth $10,066,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Xcel Energy by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 77,610,805 shares of the company’s stock worth $5,732,334,000 after purchasing an additional 885,085 shares in the last quarter. State Street Corp lifted its holdings in shares of Xcel Energy by 1.2% in the fourth quarter. State Street Corp now owns 36,340,645 shares of the company’s stock valued at $2,704,534,000 after purchasing an additional 444,092 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Xcel Energy by 5.9% in the first quarter. Bank of America Corp DE now owns 29,441,811 shares of the company’s stock valued at $2,338,858,000 after purchasing an additional 1,637,890 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Xcel Energy by 16.9% during the fourth quarter. JPMorgan Chase & Co. now owns 24,572,438 shares of the company’s stock valued at $1,814,920,000 after buying an additional 3,546,423 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Xcel Energy by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 16,496,124 shares of the company’s stock valued at $1,214,035,000 after buying an additional 126,498 shares during the last quarter. 78.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Wall Street Zen lowered Xcel Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Xcel Energy in a report on Wednesday, June 17th. New Street Research set a $91.00 price target on shares of Xcel Energy in a research report on Tuesday, June 23rd. Truist Financial boosted their price target on shares of Xcel Energy from $92.00 to $94.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. Finally, BTIG Research reiterated a “buy” rating and issued a $99.00 price objective on shares of Xcel Energy in a research note on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $92.76.

Xcel Energy Stock Performance

NASDAQ:XEL opened at $78.07 on Friday. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.70 and a quick ratio of 0.62. The business has a fifty day simple moving average of $79.26 and a two-hundred day simple moving average of $79.52. Xcel Energy Inc. has a 1 year low of $69.16 and a 1 year high of $84.23. The company has a market capitalization of $48.76 billion, a P/E ratio of 21.39, a P/E/G ratio of 2.03 and a beta of 0.39.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.14. The firm had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.54 billion. Xcel Energy had a return on equity of 10.65% and a net margin of 15.28%.The business’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.59 EPS. On average, analysts expect that Xcel Energy Inc. will post 4.11 earnings per share for the current year.

Xcel Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.5925 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.37 annualized dividend and a yield of 3.0%. Xcel Energy’s dividend payout ratio is 64.93%.

Xcel Energy Company 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.