Xcel Energy Inc. $XEL Stock Bought by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY grew its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 12.1% during the third quarter, Holdings Channel.com reports. The firm owned 176,485 shares of the company’s stock after buying an additional 19,041 shares during the period. Miller Howard Investments Inc. NY’s holdings in Xcel Energy were worth $12,439,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. raised its holdings in shares of 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 acquiring an additional 274 shares in the last quarter. Pin Oak Investment Advisors Inc. purchased a new position in Xcel Energy in the second quarter valued at about $29,000. James T. Borello RIA grew its stake in Xcel Energy by 59.6% in the third quarter. James T. Borello RIA now owns 367 shares of the company’s stock valued at $26,000 after purchasing an additional 137 shares in the last quarter. GK Wealth Management LLC acquired a new position in Xcel Energy in the 3rd quarter worth about $28,000. Finally, First Bancorp Inc ME purchased a new stake in shares of Xcel Energy during the 2nd quarter worth about $36,000. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Trading Down 0.2%

NASDAQ:XEL opened at $77.86 on Tuesday. The company’s 50 day moving average is $74.75 and its 200-day moving average is $78.07. The company has a quick ratio of 0.62, a current ratio of 0.70 and a debt-to-equity ratio of 1.49. Xcel Energy Inc. has a 12 month low of $68.72 and a 12 month high of $84.23. The firm has a market cap of $48.63 billion, a price-to-earnings ratio of 21.33, a P/E/G ratio of 2.59 and a beta of 0.36.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data 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. The business had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.54 billion. Xcel Energy had a net margin of 15.28% and a return on equity of 10.65%. Xcel Energy’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.59 EPS. Equities analysts anticipate that Xcel Energy Inc. will post 4.13 EPS for the current year.

Xcel Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 20th. Stockholders of record on Tuesday, September 15th were given a $0.5925 dividend. This represents a $2.37 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, September 15th. Xcel Energy’s dividend payout ratio (DPR) is currently 64.93%.

Analyst Upgrades and Downgrades

XEL has been the subject of a number of analyst reports. Mizuho set a $92.00 target price on shares of Xcel Energy and gave the company an “outperform” rating in a research note on Friday, July 31st. Truist Financial decreased their price objective on shares of Xcel Energy from $88.00 to $87.00 and set a “buy” rating for the company in a report on Wednesday, October 14th. BTIG Research reissued a “buy” rating and set a $91.00 target price (down from $99.00) on shares of Xcel Energy in a research report on Tuesday, October 20th. KeyCorp cut their target price on Xcel Energy from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Tuesday, October 13th. Finally, Royal Bank Of Canada set a $86.00 target price on Xcel Energy in a report on Tuesday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Xcel Energy presently has an average rating of “Buy” and a consensus price target of $90.21.

About Xcel Energy

Xcel Energy Inc is a public utility holding company that provides electricity and natural gas services to residential, commercial, and industrial customers. Its operations include the generation, transmission, distribution, and sale of electricity, as well as the distribution and sale of natural gas.

The company serves customers across Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin through operating companies including Northern States Power, Public Service Company of Colorado, Southwestern Public Service Company, and NSP-Wisconsin.