Xcel Energy Inc. $XEL Position Increased by Capital Research Global Investors

Capital Research Global Investors raised its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 1.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,531,462 shares of the company’s stock after purchasing an additional 34,620 shares during the quarter. Capital Research Global Investors’ holdings in Xcel Energy were worth $260,834,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in XEL. Quadrant Capital Group LLC lifted its position in shares of Xcel Energy by 1.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 7,358 shares of the company’s stock valued at $593,000 after acquiring an additional 125 shares in the last quarter. TIAA Trust National Association lifted its position in 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 buying an additional 126 shares in the last quarter. Bleakley Financial Group LLC lifted its position in Xcel Energy by 0.5% in the 4th 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 in the last quarter. Hills Bank & Trust Co lifted its position in Xcel Energy by 2.2% in the 4th quarter. Hills Bank & Trust Co now owns 6,184 shares of the company’s stock worth $457,000 after buying an additional 133 shares in the last quarter. Finally, Intrust Bank NA lifted its position in Xcel Energy by 1.3% in the 3rd quarter. Intrust Bank NA now owns 11,360 shares of the company’s stock worth $916,000 after buying an additional 142 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Price Performance

Xcel Energy stock opened at $79.04 on Monday. The company has a market capitalization of $49.34 billion, a P/E ratio of 22.78, a P/E/G ratio of 2.05 and a beta of 0.39. The firm’s fifty day simple moving average is $79.81 and its 200-day simple moving average is $78.49. 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 1-year low of $65.21 and a 1-year high of $84.23.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.91 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.91. The business had revenue of $4.02 billion for 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 for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.84 EPS. Sell-side analysts forecast that Xcel Energy Inc. will post 4.11 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The company 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 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 (DPR) is presently 68.30%.

Analysts Set New Price Targets

XEL has been the subject of a number of research analyst reports. Morgan Stanley set a $87.00 target price on shares of Xcel Energy in a research report on Thursday, May 21st. Evercore reiterated an “outperform” rating and issued a $96.00 target price on shares of Xcel Energy in a research report on Monday, May 4th. Barclays cut 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. BMO Capital Markets increased their target price on shares of Xcel Energy from $90.00 to $94.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Finally, KeyCorp increased their target price on shares of Xcel Energy from $89.00 to $90.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $90.63.

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.