Xcel Energy Inc. $XEL Shares Purchased by Reaves W H & Co. Inc.

Reaves W H & Co. Inc. raised its position in Xcel Energy Inc. (NASDAQ:XEL) by 13.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,579,918 shares of the company’s stock after purchasing an additional 415,759 shares during the quarter. Xcel Energy accounts for approximately 4.6% of Reaves W H & Co. Inc.’s portfolio, making the stock its 5th largest position. Reaves W H & Co. Inc.’s holdings in Xcel Energy were worth $264,413,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC purchased a new stake in Xcel Energy in the third quarter valued at approximately $27,000. Abound Wealth Management raised its position in Xcel Energy by 394.5% in the fourth quarter. Abound Wealth Management now owns 361 shares of the company’s stock valued at $27,000 after purchasing an additional 288 shares during the period. Beacon Financial Strategies CORP purchased a new stake in Xcel Energy in the fourth quarter valued at approximately $33,000. Collier Financial purchased a new stake in Xcel Energy in the third quarter valued at approximately $38,000. Finally, Pittenger & Anderson Inc. raised its position in Xcel Energy by 73.8% in the fourth quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock valued at $35,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Price Performance

Xcel Energy stock opened at $79.50 on Monday. The firm has a market cap of $49.63 billion, a PE ratio of 22.91, a price-to-earnings-growth ratio of 2.07 and a beta of 0.39. Xcel Energy Inc. has a 52-week low of $65.21 and a 52-week high of $84.23. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.45. The company’s 50 day moving average is $79.82 and its two-hundred day moving average is $78.60.

Xcel Energy (NASDAQ:XEL) last released 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. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.21 billion. Xcel Energy had a net margin of 14.14% and a return on equity of 10.37%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.84 EPS. On average, research analysts expect that Xcel Energy Inc. will post 4.11 EPS for the current fiscal year.

Xcel Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Shareholders 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 yield of 3.0%. Xcel Energy’s dividend payout ratio is 68.30%.

Analyst Ratings Changes

XEL has been the topic of a number of research analyst reports. KeyCorp boosted their target price on Xcel Energy from $89.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Evercore reissued an “outperform” rating and issued a $96.00 target price on shares of Xcel Energy in a research report on Monday, May 4th. Argus set a $86.00 target price on Xcel Energy in a research report on Thursday, March 12th. Weiss Ratings upgraded shares of Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 20th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Xcel Energy from $94.00 to $91.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Xcel Energy has a consensus rating of “Buy” and a consensus price target 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.