Pacer Advisors Inc. Buys 10,768 Shares of Xcel Energy Inc. $XEL

Pacer Advisors Inc. boosted its position in Xcel Energy Inc. (NASDAQ:XEL) by 11.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 101,801 shares of the company’s stock after purchasing an additional 10,768 shares during the period. Pacer Advisors Inc.’s holdings in Xcel Energy were worth $7,519,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Xcel Energy by 1.2% in the fourth 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 period. State Street Corp grew its stake in shares of Xcel Energy by 1.2% during the 4th quarter. State Street Corp now owns 36,340,645 shares of the company’s stock worth $2,704,534,000 after acquiring an additional 444,092 shares during the period. Bank of America Corp DE increased its holdings in Xcel Energy by 9.9% in the 3rd quarter. Bank of America Corp DE now owns 28,851,485 shares of the company’s stock worth $2,326,872,000 after acquiring an additional 2,589,406 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Xcel Energy by 16.9% in the 4th quarter. JPMorgan Chase & Co. now owns 24,572,438 shares of the company’s stock worth $1,814,920,000 after acquiring an additional 3,546,423 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Xcel Energy by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 16,496,124 shares of the company’s stock worth $1,214,035,000 after acquiring an additional 126,498 shares during the last quarter. 78.38% of the stock is owned by institutional investors.

Xcel Energy Stock Performance

Shares of XEL opened at $77.41 on Monday. Xcel Energy Inc. has a 1-year low of $66.32 and a 1-year high of $84.23. 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. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.77 and a quick ratio of 0.68. The firm’s 50 day simple moving average is $79.48 and its 200 day simple moving average is $78.33.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.91 EPS for the quarter, hitting analysts’ consensus estimates of $0.91. The business 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%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.84 EPS. Sell-side analysts forecast that Xcel Energy Inc. will post 4.11 earnings per share for the current fiscal year.

Xcel Energy Announces Dividend

The business also recently announced 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. The ex-dividend date is Monday, June 15th. This represents a $2.37 annualized dividend and a yield of 3.1%. Xcel Energy’s payout ratio is 68.30%.

Wall Street Analyst Weigh In

Several research firms have commented on XEL. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Xcel Energy in a report on Wednesday. Barclays reduced their target price on shares of Xcel Energy from $91.00 to $87.00 and set an “overweight” rating for the company in a research note on Tuesday, May 12th. UBS Group boosted their price target on shares of Xcel Energy from $89.00 to $91.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Wall Street Zen cut shares of Xcel Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, Truist Financial dropped their price target on shares of Xcel Energy from $95.00 to $92.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Three equities research 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. According to MarketBeat.com, Xcel Energy currently has an average rating of “Buy” and a consensus price target 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.