Xcel Energy Inc. $XEL Position Increased by Corient Private Wealth LLC

Corient Private Wealth LLC boosted its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 8.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 136,348 shares of the company’s stock after purchasing an additional 10,909 shares during the period. Corient Private Wealth LLC’s holdings in Xcel Energy were worth $10,093,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Xcel Energy by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 77,610,805 shares of the company’s stock valued at $5,732,334,000 after buying an additional 885,085 shares during the last quarter. State Street Corp increased its holdings in Xcel Energy by 1.2% in the fourth quarter. State Street Corp now owns 36,340,645 shares of the company’s stock worth $2,704,534,000 after buying an additional 444,092 shares during the last quarter. Bank of America Corp DE increased its holdings in Xcel Energy by 9.9% in the third quarter. Bank of America Corp DE now owns 28,851,485 shares of the company’s stock worth $2,326,872,000 after buying an additional 2,589,406 shares during the last quarter. JPMorgan Chase & Co. raised its position in Xcel Energy by 16.9% during the fourth quarter. JPMorgan Chase & Co. now owns 24,572,438 shares of the company’s stock valued at $1,814,920,000 after acquiring an additional 3,546,423 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Xcel Energy by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 16,496,124 shares of the company’s stock valued at $1,214,035,000 after acquiring an additional 126,498 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on XEL shares. JPMorgan Chase & Co. reduced their target price on shares of Xcel Energy from $94.00 to $91.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Truist Financial cut 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. Mizuho reduced their price objective on shares of Xcel Energy from $94.00 to $91.00 and set an “outperform” rating for the company in a research note on Tuesday. UBS Group upped their price objective on shares of Xcel Energy from $89.00 to $91.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Finally, Argus set a $86.00 price objective on shares of Xcel Energy in a report on Thursday, March 12th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $91.06.

Xcel Energy Stock Up 1.4%

XEL opened at $81.47 on Thursday. Xcel Energy Inc. has a 1-year low of $66.56 and a 1-year 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 capitalization of $50.86 billion, a price-to-earnings ratio of 23.48, a P/E/G ratio of 2.09 and a beta of 0.39. The business has a 50 day moving average of $79.38 and a 200-day moving average of $78.36.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.91 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.91. Xcel Energy had a net margin of 14.14% and a return on equity of 10.37%. The business had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter last year, the company posted $0.84 earnings per share. Xcel Energy’s quarterly revenue was up 2.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Xcel Energy Inc. will post 4.11 earnings per share 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 dividend of $0.5925 per share. The ex-dividend date is Monday, June 15th. This represents a $2.37 annualized dividend and a dividend yield of 2.9%. Xcel Energy’s payout ratio is presently 68.30%.

Xcel Energy 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.