Xcel Energy Inc. $XEL Stock Holdings Boosted by Leeward Investments LLC MA

Leeward Investments LLC MA increased its stake in Xcel Energy Inc. (NASDAQ:XEL) by 7.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 114,558 shares of the company’s stock after acquiring an additional 7,950 shares during the quarter. Leeward Investments LLC MA’s holdings in Xcel Energy were worth $8,074,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Evolution Wealth Management Inc. raised its holdings in Xcel Energy by 365.3% during the 1st quarter. Evolution Wealth Management Inc. now owns 349 shares of the company’s stock worth $28,000 after buying an additional 274 shares during the period. Pin Oak Investment Advisors Inc. purchased a new stake in Xcel Energy during the second quarter valued at about $29,000. James T. Borello RIA lifted its stake in Xcel Energy by 59.6% during the third quarter. James T. Borello RIA now owns 367 shares of the company’s stock valued at $26,000 after buying an additional 137 shares in the last quarter. GK Wealth Management LLC acquired a new position in shares of Xcel Energy in the third quarter worth about $28,000. Finally, First Bancorp Inc ME acquired a new position in shares of Xcel Energy in the second quarter worth about $36,000. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Stock Down 0.2%

NASDAQ:XEL opened at $77.86 on Tuesday. The firm has a market capitalization of $48.63 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 2.59 and a beta of 0.36. Xcel Energy Inc. has a 1-year low of $68.72 and a 1-year high of $84.23. 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 business’s fifty day moving average price is $74.75 and its 200 day moving average price is $78.07.

Xcel Energy (NASDAQ:XEL) last announced 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. Xcel Energy had a return on equity of 10.65% and a net margin of 15.28%. The firm had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.54 billion. During the same period in the prior year, the business earned $1.59 EPS. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. On average, sell-side analysts forecast that Xcel Energy Inc. will post 4.13 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. KeyCorp dropped their target price on shares of Xcel Energy from $90.00 to $87.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 13th. Morgan Stanley boosted their price target on shares of Xcel Energy from $83.00 to $85.00 and gave the company an “equal weight” rating in a report on Wednesday, October 21st. Truist Financial reduced their price target on shares of Xcel Energy from $88.00 to $87.00 and set a “buy” rating for the company in a research report on Wednesday, October 14th. BTIG Research reaffirmed a “buy” rating and issued a $91.00 price objective (down from $99.00) on shares of Xcel Energy in a research note on Tuesday, October 20th. Finally, Wall Street Zen raised shares of Xcel Energy from a “sell” rating to a “hold” rating in a research note on Saturday, September 26th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $90.21.

Xcel Energy Profile

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.