UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $249.20 Million Stock Holdings in Xcel Energy Inc. $XEL

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Xcel Energy Inc. (NASDAQ:XEL) by 14.0% in the second quarter, Holdings Channel reports. The institutional investor owned 3,103,309 shares of the company’s stock after acquiring an additional 380,438 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Xcel Energy were worth $249,196,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. New Mexico Educational Retirement Board grew its holdings in shares of Xcel Energy by 8.1% during the 2nd quarter. New Mexico Educational Retirement Board now owns 29,478 shares of the company’s stock valued at $2,367,000 after acquiring an additional 2,200 shares in the last quarter. Royal London Asset Management Ltd. raised its holdings in shares of Xcel Energy by 3.7% during the second quarter. Royal London Asset Management Ltd. now owns 94,983 shares of the company’s stock worth $7,627,000 after acquiring an additional 3,407 shares in the last quarter. Mufg Securities Americas Inc. boosted its position in Xcel Energy by 14.9% during the second quarter. Mufg Securities Americas Inc. now owns 18,803 shares of the company’s stock valued at $1,510,000 after purchasing an additional 2,435 shares during the last quarter. Van ECK Associates Corp boosted its position in Xcel Energy by 25.0% during the second quarter. Van ECK Associates Corp now owns 364,155 shares of the company’s stock valued at $29,242,000 after purchasing an additional 72,720 shares during the last quarter. Finally, Nissay Asset Management Corp Japan grew its stake in Xcel Energy by 2.6% in the second quarter. Nissay Asset Management Corp Japan now owns 270,775 shares of the company’s stock valued at $21,743,000 after purchasing an additional 6,970 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Stock Performance

XEL opened at $75.69 on Tuesday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.62 and a current ratio of 0.70. The company has a market cap of $47.28 billion, a PE ratio of 20.74, a price-to-earnings-growth ratio of 1.98 and a beta of 0.39. The stock has a 50-day moving average of $79.19 and a 200-day moving average of $79.76. Xcel Energy Inc. has a 52-week low of $71.29 and a 52-week high of $84.23.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Wednesday, July 29th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.14. The firm had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.54 billion. Xcel Energy had a return on equity of 10.65% and a net margin of 15.28%.The company’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.59 EPS. As a group, equities research analysts forecast that Xcel Energy Inc. will post 4.12 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Tuesday, September 15th will be paid a $0.5925 dividend. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Tuesday, September 15th. Xcel Energy’s payout ratio is presently 64.93%.

Wall Street Analysts Forecast Growth

XEL has been the topic of several research reports. Evercore reaffirmed an “outperform” rating and issued a $96.00 target price on shares of Xcel Energy in a research report on Monday, May 4th. New Street Research set a $91.00 price target on Xcel Energy in a research note on Tuesday, June 23rd. KeyCorp restated an “overweight” rating on shares of Xcel Energy in a report on Monday, June 8th. BTIG Research reaffirmed a “buy” rating and set a $99.00 price objective on shares of Xcel Energy in a research report on Friday, July 31st. Finally, Morgan Stanley reduced their target price on shares of Xcel Energy from $92.00 to $89.00 and set an “equal weight” rating for the company in a research note on Friday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Xcel Energy has a consensus rating of “Buy” and a consensus price target of $92.41.

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.