Partners Capital Investment Group LLP Takes Position in Xcel Energy Inc. $XEL

Partners Capital Investment Group LLP purchased a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL) during the second quarter, Holdings Channel reports. The institutional investor purchased 9,959 shares of the company’s stock, valued at approximately $800,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. BlackRock Inc. purchased a new position in Xcel Energy in the 2nd quarter valued at approximately $4,890,136,000. GQG Partners LLC purchased a new stake in shares of Xcel Energy during the second quarter worth $891,688,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Xcel Energy during the second quarter worth $708,086,000. Deutsche Bank AG bought a new position in shares of Xcel Energy in the second quarter worth $433,927,000. Finally, Barclays PLC boosted its holdings in shares of Xcel Energy by 63.6% in the fourth quarter. Barclays PLC now owns 9,979,397 shares of the company’s stock worth $737,078,000 after acquiring an additional 3,881,011 shares during the period. 78.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on XEL shares. Jefferies Financial Group set a $101.00 price target on Xcel Energy in a research report on Tuesday, July 7th. Weiss Ratings restated a “buy (b-)” rating on shares of Xcel Energy in a research note on Wednesday, June 17th. Wall Street Zen lowered Xcel Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Evercore reiterated an “outperform” rating and set a $96.00 price target on shares of Xcel Energy in a research report on Monday, May 4th. Finally, Barclays upped their price target on Xcel Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $92.41.

Xcel Energy Stock Performance

NASDAQ:XEL opened at $77.33 on Tuesday. The business’s 50-day moving average price is $79.31 and its two-hundred day moving average price is $79.74. Xcel Energy Inc. has a twelve month low of $71.29 and a twelve month high of $84.23. The stock has a market cap of $48.30 billion, a P/E ratio of 21.19, a PEG ratio of 1.98 and a beta of 0.39. The company has a quick ratio of 0.62, a current ratio of 0.70 and a debt-to-equity ratio of 1.49.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.14. Xcel Energy had a net margin of 15.28% and a return on equity of 10.65%. The company had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.54 billion. During the same period in the prior year, the business earned $1.59 earnings per share. Xcel Energy’s revenue for the quarter was down 5.1% compared to the same quarter last year. As a group, equities analysts predict that Xcel Energy Inc. will post 4.12 EPS for the current fiscal year.

Xcel Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.5925 per share. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, September 15th. Xcel Energy’s payout ratio is currently 64.93%.

About Xcel Energy

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.