GSA Capital Partners LLP Makes New Investment in Xcel Energy Inc. $XEL

GSA Capital Partners LLP bought a new position in Xcel Energy Inc. (NASDAQ:XEL) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 12,951 shares of the company’s stock, valued at approximately $957,000.

Several other hedge funds also recently bought and sold shares of XEL. Brighton Jones LLC acquired a new stake in shares of Xcel Energy during the fourth quarter worth $240,000. Empowered Funds LLC raised its holdings in shares of Xcel Energy by 30.7% during the first quarter. Empowered Funds LLC now owns 13,810 shares of the company’s stock worth $978,000 after acquiring an additional 3,242 shares during the period. Woodline Partners LP raised its holdings in shares of Xcel Energy by 40.7% during the first quarter. Woodline Partners LP now owns 48,515 shares of the company’s stock worth $3,434,000 after acquiring an additional 14,029 shares during the period. Brown Advisory Inc. raised its holdings in shares of Xcel Energy by 4.8% during the second quarter. Brown Advisory Inc. now owns 10,193 shares of the company’s stock worth $694,000 after acquiring an additional 469 shares during the period. Finally, Cary Street Partners Financial LLC raised its holdings in shares of Xcel Energy by 16.0% during the second quarter. Cary Street Partners Financial LLC now owns 2,620 shares of the company’s stock worth $178,000 after acquiring an additional 362 shares during the period. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Stock Performance

Shares of XEL opened at $81.08 on Friday. The firm has a 50-day moving average of $79.90 and a 200-day moving average of $78.64. Xcel Energy Inc. has a one year low of $65.21 and a one year high of $84.23. The company has a market cap of $50.62 billion, a PE ratio of 23.37, a price-to-earnings-growth ratio of 2.08 and a beta of 0.41. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.77 and a quick ratio of 0.68.

Xcel Energy (NASDAQ:XEL) last announced its earnings results on Wednesday, April 29th. The company reported $0.91 EPS for the quarter, hitting the consensus estimate of $0.91. The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.21 billion. Xcel Energy had a net margin of 14.14% and a return on equity of 10.37%. Xcel Energy’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.84 EPS. As a group, equities analysts forecast that Xcel Energy Inc. will post 4.11 earnings per share 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 issued a dividend of $0.5925 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.37 annualized dividend and a dividend yield of 2.9%. Xcel Energy’s payout ratio is presently 68.30%.

Analysts Set New Price Targets

XEL has been the subject of a number of analyst reports. Barclays decreased their target price on shares of Xcel Energy from $91.00 to $87.00 and set an “overweight” rating for the company in a research report on Tuesday, May 12th. KeyCorp raised their target price on shares of Xcel Energy from $89.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Truist Financial decreased their target price on shares of Xcel Energy from $95.00 to $92.00 and set a “buy” rating for the company in a research report on Monday. JPMorgan Chase & Co. decreased their target price on shares of Xcel Energy from $94.00 to $91.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. Finally, BMO Capital Markets raised their target price on shares of Xcel Energy from $90.00 to $94.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Xcel Energy presently has a consensus rating of “Buy” and an average 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.