BW Gestao de Investimentos Ltda. Buys New Position in Xcel Energy Inc. $XEL

BW Gestao de Investimentos Ltda. bought a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 242,457 shares of the company’s stock, valued at approximately $17,908,000.

Several other large investors also recently added to or reduced their stakes in XEL. Quadrant Capital Group LLC lifted its holdings in shares of Xcel Energy by 1.7% in the third quarter. Quadrant Capital Group LLC now owns 7,358 shares of the company’s stock worth $593,000 after buying an additional 125 shares in the last quarter. TIAA Trust National Association raised its stake in Xcel Energy by 1.0% during the third quarter. TIAA Trust National Association now owns 12,683 shares of the company’s stock valued at $1,022,000 after purchasing an additional 126 shares in the last quarter. Bleakley Financial Group LLC raised its stake in Xcel Energy by 0.5% during the fourth quarter. Bleakley Financial Group LLC now owns 28,949 shares of the company’s stock valued at $2,138,000 after purchasing an additional 131 shares in the last quarter. Hills Bank & Trust Co increased its position in Xcel Energy by 2.2% during the fourth quarter. Hills Bank & Trust Co now owns 6,184 shares of the company’s stock valued at $457,000 after acquiring an additional 133 shares during the last quarter. Finally, Intrust Bank NA increased its position in Xcel Energy by 1.3% during the third quarter. Intrust Bank NA now owns 11,360 shares of the company’s stock valued at $916,000 after acquiring an additional 142 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Stock Performance

Shares of Xcel Energy stock opened at $76.41 on Tuesday. The firm has a market capitalization of $47.70 billion, a P/E ratio of 22.02, a PEG ratio of 2.07 and a beta of 0.39. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.45. The company has a 50 day moving average price of $79.76 and a 200 day moving average price of $78.56. Xcel Energy Inc. has a 52 week low of $65.21 and a 52 week high of $84.23.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.91 EPS for the quarter, meeting the consensus estimate of $0.91. The firm had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.21 billion. Xcel Energy had a net margin of 14.14% and a return on equity of 10.37%. Xcel Energy’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the firm posted $0.84 EPS. Sell-side analysts expect that Xcel Energy Inc. will post 4.11 EPS for the current year.

Xcel Energy Announces Dividend

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 3.1%. The ex-dividend date of this dividend is Monday, June 15th. Xcel Energy’s dividend payout ratio (DPR) is presently 68.30%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Argus set a $86.00 price objective on shares of Xcel Energy in a research report on Thursday, March 12th. Wall Street Zen cut shares of Xcel Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Barclays dropped their target price on shares of Xcel Energy from $91.00 to $87.00 and set an “overweight” rating on the stock in a report on Tuesday, May 12th. Truist Financial dropped their target price on shares of Xcel Energy from $95.00 to $92.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Finally, KeyCorp raised their price target on shares of Xcel Energy from $89.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $90.63.

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.