Hsbc Holdings PLC Boosts Holdings in Xcel Energy Inc. $XEL

Hsbc Holdings PLC lifted its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 1.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,290,155 shares of the company’s stock after acquiring an additional 17,833 shares during the quarter. Hsbc Holdings PLC owned 0.21% of Xcel Energy worth $95,355,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. USA Financial Formulas boosted its position in Xcel Energy by 491.3% during the 4th quarter. USA Financial Formulas now owns 21,435 shares of the company’s stock valued at $1,583,000 after buying an additional 17,810 shares during the period. Citigroup Inc. increased its position in shares of 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 acquiring an additional 1,160,205 shares during the period. Magellan Asset Management Ltd raised its stake in shares of Xcel Energy by 6.1% during the third quarter. Magellan Asset Management Ltd now owns 2,125,537 shares of the company’s stock valued at $171,425,000 after acquiring an additional 122,487 shares during the last quarter. Duff & Phelps Investment Management Co. boosted its holdings in shares of Xcel Energy by 6.8% during the third quarter. Duff & Phelps Investment Management Co. now owns 2,357,297 shares of the company’s stock worth $190,116,000 after purchasing an additional 150,768 shares during the period. Finally, Banque Cantonale Vaudoise boosted its holdings in shares of Xcel Energy by 175.0% during the third quarter. Banque Cantonale Vaudoise now owns 29,147 shares of the company’s stock worth $2,351,000 after purchasing an additional 18,550 shares during the period. Institutional investors own 78.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. UBS Group boosted their price target on Xcel Energy from $89.00 to $91.00 and gave the company a “buy” rating in a report on Monday, April 20th. Morgan Stanley set a $87.00 price objective on Xcel Energy in a research report on Thursday, May 21st. Truist Financial reduced their target price on Xcel Energy from $95.00 to $92.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. BMO Capital Markets raised their price target on Xcel Energy from $90.00 to $94.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Finally, Barclays cut their price target on shares of Xcel Energy from $91.00 to $87.00 and set an “overweight” rating on the stock in a report on Tuesday, May 12th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $90.62.

Xcel Energy Stock Performance

Xcel Energy stock opened at $77.41 on Monday. The stock’s 50 day simple moving average is $79.48 and its two-hundred day simple moving average is $78.33. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.68 and a current ratio of 0.77. The stock has a market cap of $48.32 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 2.01 and a beta of 0.39. Xcel Energy Inc. has a fifty-two week low of $66.32 and a fifty-two week high of $84.23.

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

Xcel Energy Announces Dividend

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 issued a $0.5925 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.37 dividend on an annualized basis and a yield of 3.1%. Xcel Energy’s dividend payout ratio is 68.30%.

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.