OneDigital Investment Advisors LLC Makes New $1.14 Million Investment in Xcel Energy Inc. $XEL

OneDigital Investment Advisors LLC bought a new position in Xcel Energy Inc. (NASDAQ:XEL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 14,189 shares of the company’s stock, valued at approximately $1,139,000.

A number of other institutional investors have also modified their holdings of XEL. Vanguard Group Inc. grew its stake in Xcel Energy by 1.2% in the fourth 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 raised its stake in Xcel Energy by 1.2% during the fourth quarter. State Street Corp now owns 36,340,645 shares of the company’s stock valued at $2,704,534,000 after buying an additional 444,092 shares in the last quarter. Bank of America Corp DE lifted its holdings in Xcel Energy by 5.9% during the 1st quarter. Bank of America Corp DE now owns 29,441,811 shares of the company’s stock worth $2,338,858,000 after buying an additional 1,637,890 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Xcel Energy by 16.9% during the 4th quarter. JPMorgan Chase & Co. now owns 24,572,438 shares of the company’s stock worth $1,814,920,000 after buying an additional 3,546,423 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Xcel Energy by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 16,496,124 shares of the company’s stock worth $1,214,035,000 after acquiring an additional 126,498 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Trading Up 0.1%

Shares of NASDAQ XEL opened at $79.21 on Tuesday. Xcel Energy Inc. has a 12-month low of $71.29 and a 12-month high of $84.23. The company has a market cap of $49.48 billion, a price-to-earnings ratio of 21.70, a price-to-earnings-growth ratio of 2.06 and a beta of 0.39. The company has a current ratio of 0.70, a quick ratio of 0.62 and a debt-to-equity ratio of 1.49. The stock’s 50 day simple moving average is $79.35 and its 200 day simple moving average is $79.66.

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

Xcel Energy Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets lowered their price target on Xcel Energy from $95.00 to $92.00 and set an “outperform” rating for the company in a report on Wednesday, July 22nd. Truist Financial reduced their price objective on Xcel Energy from $94.00 to $88.00 and set a “buy” rating on the stock in a research note on Thursday. KeyCorp reaffirmed an “overweight” rating on shares of Xcel Energy in a report on Monday, June 8th. Jefferies Financial Group set a $101.00 target price on shares of Xcel Energy in a report on Tuesday, July 7th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Xcel Energy in a research report on Wednesday, June 17th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Xcel Energy currently has an average rating of “Buy” and an average target price of $92.41.

About Xcel Energy

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.