63,500 Shares in Xcel Energy Inc. $XEL Acquired by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new stake in Xcel Energy Inc. (NASDAQ:XEL) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 63,500 shares of the company’s stock, valued at approximately $5,044,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Xcel Energy in the third quarter valued at about $27,000. Abound Wealth Management lifted its stake in shares of Xcel Energy by 394.5% in the fourth quarter. Abound Wealth Management now owns 361 shares of the company’s stock worth $27,000 after buying an additional 288 shares in the last quarter. Garton & Associates Financial Advisors LLC acquired a new position in Xcel Energy during the fourth quarter worth about $30,000. Beacon Financial Strategies CORP purchased a new stake in Xcel Energy during the 4th quarter valued at about $33,000. Finally, Pittenger & Anderson Inc. grew its stake in Xcel Energy by 73.8% during the 4th quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock valued at $35,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Analyst Ratings Changes

XEL has been the subject of a number of recent research reports. Argus set a $86.00 price objective on shares of Xcel Energy in a report on Thursday, March 12th. Barclays dropped their price target on Xcel Energy from $91.00 to $87.00 and set an “overweight” rating for the company in a research report on Tuesday, May 12th. BMO Capital Markets lifted their price objective on Xcel Energy from $90.00 to $94.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Truist Financial lowered their price objective 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. Finally, Evercore restated an “outperform” rating and issued a $96.00 target price on shares of Xcel Energy in a report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $91.29.

Xcel Energy Price Performance

XEL stock opened at $81.96 on Monday. Xcel Energy Inc. has a one year low of $66.56 and a one year high of $84.23. The firm has a market cap of $51.17 billion, a PE ratio of 23.62, a PEG ratio of 2.13 and a beta of 0.39. The firm’s 50 day moving average price is $79.61 and its 200-day moving average price is $78.65. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.68 and a current ratio of 0.77.

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

Xcel Energy Dividend Announcement

The firm 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 2.9%. Xcel Energy’s dividend payout ratio is currently 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.