Birchwood Financial Partners Inc. Acquires New Stake in Xcel Energy Inc. $XEL

Birchwood Financial Partners Inc. purchased a new position in shares of Xcel Energy Inc. (NASDAQ:XEL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 9,094 shares of the company’s stock, valued at approximately $672,000.

Several other large investors have also recently added to or reduced their stakes in XEL. USA Financial Formulas raised its holdings in Xcel Energy by 491.3% during the fourth quarter. USA Financial Formulas now owns 21,435 shares of the company’s stock worth $1,583,000 after purchasing an additional 17,810 shares during the last quarter. Citigroup Inc. grew its holdings in Xcel Energy by 135.3% in the third quarter. Citigroup Inc. now owns 2,017,717 shares of the company’s stock valued at $162,729,000 after purchasing an additional 1,160,205 shares during the last quarter. Magellan Asset Management Ltd increased its position in shares of Xcel Energy by 6.1% in the third quarter. Magellan Asset Management Ltd now owns 2,125,537 shares of the company’s stock valued at $171,425,000 after buying an additional 122,487 shares in the last quarter. Duff & Phelps Investment Management Co. increased its position in shares of Xcel Energy by 6.8% in the third quarter. Duff & Phelps Investment Management Co. now owns 2,357,297 shares of the company’s stock valued at $190,116,000 after buying an additional 150,768 shares in the last quarter. Finally, Banque Cantonale Vaudoise increased its position in shares of Xcel Energy by 175.0% in the third quarter. Banque Cantonale Vaudoise now owns 29,147 shares of the company’s stock valued at $2,351,000 after buying an additional 18,550 shares in the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Stock Down 0.1%

Shares of NASDAQ:XEL opened at $77.41 on Friday. 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 market capitalization of $48.32 billion, a P/E ratio of 22.31, a P/E/G ratio of 2.01 and a beta of 0.39. Xcel Energy Inc. has a 52-week low of $66.32 and a 52-week high of $84.23. The stock’s fifty day simple moving average is $79.56 and its 200-day simple moving average is $78.34.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.91 EPS for the quarter, hitting analysts’ consensus estimates of $0.91. Xcel Energy had a return on equity of 10.37% and a net margin of 14.14%.The firm had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter last year, the business posted $0.84 EPS. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. As a group, equities research analysts forecast that Xcel Energy Inc. will post 4.11 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.5925 per share. The ex-dividend date is Monday, June 15th. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.1%. Xcel Energy’s payout ratio is 68.30%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on XEL shares. JPMorgan Chase & Co. decreased their price objective on shares of Xcel Energy from $94.00 to $91.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Barclays dropped their target price on shares of Xcel Energy from $91.00 to $87.00 and set an “overweight” rating for the company in a report on Tuesday, May 12th. Truist Financial reduced their price target 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. Wall Street Zen lowered shares of Xcel Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings raised shares of Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 20th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $90.62.

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.