Rockefeller Capital Management L.P. Acquires 11,351 Shares of Xcel Energy Inc. $XEL

Rockefeller Capital Management L.P. grew its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 18.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,865 shares of the company’s stock after purchasing an additional 11,351 shares during the period. Rockefeller Capital Management L.P.’s holdings in Xcel Energy were worth $5,456,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Quadrant Capital Group LLC boosted its holdings in Xcel Energy by 1.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 7,358 shares of the company’s stock worth $593,000 after buying an additional 125 shares during the period. TIAA Trust National Association raised its holdings in 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 acquiring an additional 126 shares during the period. Bleakley Financial Group LLC raised its holdings in Xcel Energy by 0.5% during the 4th quarter. Bleakley Financial Group LLC now owns 28,949 shares of the company’s stock valued at $2,138,000 after acquiring an additional 131 shares during the period. Hills Bank & Trust Co lifted its position in shares of Xcel Energy by 2.2% during the fourth quarter. Hills Bank & Trust Co now owns 6,184 shares of the company’s stock worth $457,000 after acquiring an additional 133 shares in the last quarter. Finally, Keel Point LLC boosted its holdings 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 worth $405,000 after acquiring an additional 137 shares during the period. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on XEL. Argus set a $86.00 price target on Xcel Energy in a research report on Thursday, March 12th. Truist Financial cut their target price on Xcel Energy from $95.00 to $92.00 and set a “buy” rating for the company in a research note on Monday, May 18th. BTIG Research reaffirmed a “buy” rating and set a $98.00 target price on shares of Xcel Energy in a report on Friday. BMO Capital Markets upped their price target on Xcel Energy from $90.00 to $94.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Finally, UBS Group increased their price target on shares of Xcel Energy from $89.00 to $91.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $91.29.

Xcel Energy Price Performance

NASDAQ:XEL opened at $82.23 on Friday. Xcel Energy Inc. has a 52-week low of $66.56 and a 52-week high of $84.23. The stock has a fifty day moving average of $79.49 and a 200 day moving average of $78.42. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.68 and a current ratio of 0.77. The firm has a market capitalization of $51.33 billion, a price-to-earnings ratio of 23.70, a P/E/G ratio of 2.12 and a beta of 0.39.

Xcel Energy (NASDAQ:XEL) last announced its earnings results on Wednesday, April 29th. The company reported $0.91 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.91. Xcel Energy had a return on equity of 10.37% and a net margin of 14.14%.The business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same period in the prior year, the company earned $0.84 EPS. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, research analysts expect that Xcel Energy Inc. will post 4.11 EPS 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. Investors of record on Monday, June 15th will be given a $0.5925 dividend. This represents a $2.37 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Monday, June 15th. Xcel Energy’s dividend payout ratio is 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.