Xcel Energy Inc. $XEL Shares Acquired by Capital Research Global Investors

Capital Research Global Investors increased its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 1.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,496,842 shares of the company’s stock after buying an additional 52,670 shares during the quarter. Capital Research Global Investors’ holdings in Xcel Energy were worth $282,020,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC bought a new position in shares of Xcel Energy in the fourth quarter worth $240,000. Empowered Funds LLC lifted its holdings in Xcel Energy by 30.7% in the first quarter. Empowered Funds LLC now owns 13,810 shares of the company’s stock worth $978,000 after purchasing an additional 3,242 shares during the period. Woodline Partners LP lifted its holdings in Xcel Energy by 40.7% in the first quarter. Woodline Partners LP now owns 48,515 shares of the company’s stock worth $3,434,000 after purchasing an additional 14,029 shares during the period. Savant Capital LLC grew its position in Xcel Energy by 6.2% in the 2nd quarter. Savant Capital LLC now owns 32,822 shares of the company’s stock valued at $2,235,000 after buying an additional 1,914 shares in the last quarter. Finally, AE Wealth Management LLC increased its stake in Xcel Energy by 29.4% during the 2nd quarter. AE Wealth Management LLC now owns 24,336 shares of the company’s stock valued at $1,657,000 after buying an additional 5,528 shares during the period. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Trading Down 0.3%

XEL stock opened at $81.88 on Wednesday. The company has a current ratio of 0.71, a quick ratio of 0.60 and a debt-to-equity ratio of 1.35. The business’s 50 day moving average is $77.98 and its 200-day moving average is $77.58. Xcel Energy Inc. has a 1-year low of $65.21 and a 1-year high of $84.23. The firm has a market cap of $51.08 billion, a P/E ratio of 23.94, a P/E/G ratio of 2.25 and a beta of 0.45.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings results on Wednesday, February 4th. The company reported $0.96 EPS for the quarter, hitting analysts’ consensus estimates of $0.96. The business had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.77 billion. Xcel Energy had a return on equity of 10.46% and a net margin of 13.76%.Xcel Energy’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.81 EPS. Equities analysts anticipate that Xcel Energy Inc. will post 3.82 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 20th. Stockholders of record on Friday, March 13th will be paid a $0.5925 dividend. This is an increase from Xcel Energy’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.37 dividend on an annualized basis and a dividend yield of 2.9%. Xcel Energy’s dividend payout ratio (DPR) is currently 66.67%.

Wall Street Analyst Weigh In

A number of analysts have commented on XEL shares. Weiss Ratings downgraded shares of Xcel Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 5th. JPMorgan Chase & Co. reduced their target price on Xcel Energy from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Thursday, December 11th. BTIG Research set a $94.00 price target on shares of Xcel Energy in a research report on Friday, January 30th. Mizuho set a $86.00 price objective on Xcel Energy in a research report on Friday, January 9th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $90.00 target price on shares of Xcel Energy in a research note on Friday, February 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $88.60.

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.