Xcel Energy Inc. $XEL Shares Acquired by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. increased its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 210.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,378 shares of the company’s stock after purchasing an additional 13,809 shares during the quarter. University of Texas Texas AM Investment Management Co.’s holdings in Xcel Energy were worth $1,505,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quadrant Capital Group LLC raised its holdings in shares of Xcel Energy by 1.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 7,358 shares of the company’s stock worth $593,000 after acquiring an additional 125 shares during the period. TIAA Trust National Association lifted its holdings in shares of Xcel Energy by 1.0% in the 3rd quarter. TIAA Trust National Association now owns 12,683 shares of the company’s stock worth $1,022,000 after acquiring an additional 126 shares during the last quarter. Bleakley Financial Group LLC boosted its position in shares of Xcel Energy by 0.5% during the 4th quarter. Bleakley Financial Group LLC now owns 28,949 shares of the company’s stock worth $2,138,000 after purchasing an additional 131 shares during the period. Hills Bank & Trust Co boosted its position in shares of Xcel Energy by 2.2% during the 4th quarter. Hills Bank & Trust Co now owns 6,184 shares of the company’s stock worth $457,000 after purchasing an additional 133 shares during the period. Finally, Keel Point LLC raised its position in Xcel Energy by 2.6% in the fourth quarter. Keel Point LLC now owns 5,485 shares of the company’s stock valued at $405,000 after purchasing an additional 137 shares during the period. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Trading Up 0.2%

Shares of XEL stock opened at $79.35 on Tuesday. The company has a market capitalization of $49.54 billion, a P/E ratio of 22.87, a price-to-earnings-growth ratio of 2.06 and a beta of 0.39. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 1.45. Xcel Energy Inc. has a twelve month low of $65.21 and a twelve month high of $84.23. The business’s 50 day moving average is $79.72 and its two-hundred day moving average is $78.42.

Xcel Energy (NASDAQ:XEL) last issued its earnings results on Wednesday, April 29th. The company reported $0.91 earnings per share (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 business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same period in the prior year, the business posted $0.84 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. Equities analysts forecast that Xcel Energy Inc. will post 4.11 EPS for the current 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 paid a $0.5925 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.37 dividend on an annualized basis and a yield of 3.0%. Xcel Energy’s dividend payout ratio is presently 68.30%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on XEL shares. KeyCorp reaffirmed an “overweight” rating on shares of Xcel Energy in a research note on Monday, June 8th. Truist Financial dropped their price objective on Xcel Energy from $95.00 to $92.00 and set a “buy” rating on the stock in a report on Monday, May 18th. UBS Group raised their target price on Xcel Energy from $89.00 to $91.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Weiss Ratings upgraded Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 20th. Finally, Barclays lowered their price target on Xcel Energy from $91.00 to $87.00 and set an “overweight” rating for the company in a report on Tuesday, May 12th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Xcel Energy has an average rating of “Buy” and a consensus target price of $90.63.

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.