Xcel Energy Inc. $XEL is ExodusPoint Capital Management LP’s 10th Largest Position

ExodusPoint Capital Management LP raised its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 146.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 898,234 shares of the company’s stock after buying an additional 533,059 shares during the period. Xcel Energy comprises about 0.5% of ExodusPoint Capital Management LP’s portfolio, making the stock its 10th largest holding. ExodusPoint Capital Management LP owned 0.15% of Xcel Energy worth $66,344,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of XEL. Brighton Jones LLC purchased a new position in shares of Xcel Energy during the 4th quarter valued at about $240,000. Empowered Funds LLC raised its stake in shares of Xcel Energy by 30.7% during the 1st quarter. Empowered Funds LLC now owns 13,810 shares of the company’s stock valued at $978,000 after buying an additional 3,242 shares during the last quarter. Woodline Partners LP raised its stake in shares of Xcel Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 48,515 shares of the company’s stock valued at $3,434,000 after buying an additional 14,029 shares during the last quarter. Brown Advisory Inc. raised its stake in shares of Xcel Energy by 4.8% during the 2nd quarter. Brown Advisory Inc. now owns 10,193 shares of the company’s stock valued at $694,000 after buying an additional 469 shares during the last quarter. Finally, Cary Street Partners Financial LLC increased its stake in shares of Xcel Energy by 16.0% in the 2nd quarter. Cary Street Partners Financial LLC now owns 2,620 shares of the company’s stock valued at $178,000 after purchasing an additional 362 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Price Performance

Shares of Xcel Energy stock opened at $78.98 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.45. Xcel Energy Inc. has a twelve month low of $65.21 and a twelve month high of $84.23. The business has a 50-day moving average price of $79.68 and a 200 day moving average price of $78.40. The firm has a market cap of $49.30 billion, a PE ratio of 22.76, a P/E/G ratio of 2.06 and a beta of 0.39.

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

Xcel Energy Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages recently weighed in on XEL. Truist Financial cut their price target 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. Barclays cut their price target on Xcel Energy from $91.00 to $87.00 and set an “overweight” rating for the company in a research note on Tuesday, May 12th. Weiss Ratings upgraded Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 20th. KeyCorp restated an “overweight” rating on shares of Xcel Energy in a research note on Monday, June 8th. Finally, Argus set a $86.00 price target on Xcel Energy in a research note on Thursday, March 12th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target 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.