Xcel Energy Inc. $XEL Shares Purchased by Capital Research Global Investors

Capital Research Global Investors increased its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,531,462 shares of the company’s stock after acquiring an additional 34,620 shares during the quarter. Capital Research Global Investors owned approximately 0.60% of Xcel Energy worth $260,834,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vestcor Inc raised its stake in Xcel Energy by 64.9% during the fourth quarter. Vestcor Inc now owns 101,926 shares of the company’s stock worth $7,528,000 after acquiring an additional 40,133 shares during the period. OneAscent Financial Services LLC acquired a new stake in Xcel Energy during the fourth quarter worth about $578,000. Pinebridge Investments LLC acquired a new stake in Xcel Energy during the fourth quarter worth about $1,858,000. PBU The Pension Fund of Early Childhood & Youth Educators acquired a new stake in Xcel Energy during the fourth quarter worth about $8,560,000. Finally, Parallel Advisors LLC raised its stake in Xcel Energy by 2.3% during the fourth quarter. Parallel Advisors LLC now owns 7,105 shares of the company’s stock worth $525,000 after acquiring an additional 160 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Price Performance

NASDAQ XEL opened at $79.04 on Monday. Xcel Energy Inc. has a 52 week low of $65.21 and a 52 week high of $84.23. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 1.45. The stock has a market cap of $49.34 billion, a price-to-earnings ratio of 22.78, a price-to-earnings-growth ratio of 2.05 and a beta of 0.39. The company has a 50-day moving average price of $79.81 and a two-hundred day moving average price of $78.49.

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

Xcel Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, June 15th will be issued a $0.5925 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.37 annualized dividend and a dividend yield of 3.0%. Xcel Energy’s dividend payout ratio (DPR) is 68.30%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on XEL. BMO Capital Markets increased their price objective on shares of Xcel Energy from $90.00 to $94.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Morgan Stanley set a $87.00 target price on shares of Xcel Energy in a research report on Thursday, May 21st. Argus set a $86.00 target price on shares of Xcel Energy in a research report on Thursday, March 12th. Weiss Ratings upgraded shares of Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 20th. Finally, KeyCorp upped their target price on shares of Xcel Energy from $89.00 to $90.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $90.63.

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.