Parallax Volatility Advisers L.P. Purchases Shares of 10,728 Xcel Energy Inc. $XEL

Parallax Volatility Advisers L.P. acquired a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,728 shares of the company’s stock, valued at approximately $861,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Quadrant Capital Group LLC increased its position 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 purchasing an additional 125 shares in the last quarter. Bleakley Financial Group LLC grew its stake in Xcel Energy by 0.5% during the fourth quarter. Bleakley Financial Group LLC now owns 28,949 shares of the company’s stock worth $2,138,000 after buying an additional 131 shares during the last quarter. Hills Bank & Trust Co grew its stake in Xcel Energy by 2.2% during the fourth quarter. Hills Bank & Trust Co now owns 6,184 shares of the company’s stock worth $457,000 after buying an additional 133 shares during the last quarter. Keel Point LLC increased its holdings in shares of Xcel Energy by 2.6% during the fourth quarter. Keel Point LLC now owns 5,485 shares of the company’s stock worth $405,000 after buying an additional 137 shares in the last quarter. Finally, KCM Investment Advisors LLC raised its stake in shares of Xcel Energy by 1.9% in the first quarter. KCM Investment Advisors LLC now owns 7,549 shares of the company’s stock valued at $600,000 after acquiring an additional 140 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Morgan Stanley dropped their price target on Xcel Energy from $92.00 to $89.00 and set an “equal weight” rating for the company in a report on Friday, August 21st. BMO Capital Markets cut their price target on Xcel Energy from $95.00 to $92.00 and set an “outperform” rating for the company in a report on Wednesday, July 22nd. New Street Research set a $91.00 price objective on shares of Xcel Energy in a report on Tuesday, June 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Xcel Energy in a research note on Wednesday, June 17th. Finally, Truist Financial decreased their price target on shares of Xcel Energy from $94.00 to $88.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $92.41.

Xcel Energy Price Performance

Xcel Energy stock opened at $77.68 on Thursday. The business’s 50-day simple moving average is $79.28 and its 200 day simple moving average is $79.76. The company has a quick ratio of 0.62, a current ratio of 0.70 and a debt-to-equity ratio of 1.49. The stock has a market cap of $48.52 billion, a price-to-earnings ratio of 21.28, a P/E/G ratio of 2.00 and a beta of 0.39. Xcel Energy Inc. has a 12-month low of $71.29 and a 12-month high of $84.23.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.93 earnings per share for the quarter, beating 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 business had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same period in the prior year, the business posted $1.59 earnings per share. Xcel Energy’s revenue was down 5.1% compared to the same quarter last year. As a group, research analysts anticipate that Xcel Energy Inc. will post 4.12 earnings per share for the current year.

Xcel Energy Announces Dividend

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

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.