PensionDanmark Pensionsforsikringsaktieselskab Grows Stock Holdings in Xcel Energy Inc. $XEL

PensionDanmark Pensionsforsikringsaktieselskab raised its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 9.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 125,350 shares of the company’s stock after acquiring an additional 11,100 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Xcel Energy were worth $10,066,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC grew its position in shares of Xcel Energy by 1.7% in the third quarter. Quadrant Capital Group LLC now owns 7,358 shares of the company’s stock valued at $593,000 after purchasing an additional 125 shares in the last quarter. Bleakley Financial Group LLC lifted its holdings in Xcel Energy by 0.5% during the 4th quarter. Bleakley Financial Group LLC now owns 28,949 shares of the company’s stock worth $2,138,000 after purchasing an additional 131 shares in the last quarter. Hills Bank & Trust Co boosted its stake 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 purchasing an additional 133 shares during the period. Keel Point LLC boosted its stake in Xcel Energy by 2.6% in the 4th quarter. Keel Point LLC now owns 5,485 shares of the company’s stock worth $405,000 after purchasing an additional 137 shares during the period. Finally, KCM Investment Advisors LLC boosted its stake in Xcel Energy by 1.9% in the 1st quarter. KCM Investment Advisors LLC now owns 7,549 shares of the company’s stock worth $600,000 after purchasing an additional 140 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 $78.07 on Friday. The stock has a market cap of $48.76 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 2.03 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. The business has a 50-day simple moving average of $79.26 and a 200 day simple moving average of $79.52. Xcel Energy Inc. has a 52 week low of $69.16 and a 52 week high of $84.23.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.14. The firm had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.54 billion. Xcel Energy had a return on equity of 10.65% and a net margin of 15.28%.The company’s revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.59 EPS. On average, research analysts forecast that Xcel Energy Inc. will post 4.11 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Tuesday, September 15th will be paid a $0.5925 dividend. This represents a $2.37 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 15th. Xcel Energy’s dividend payout ratio (DPR) is currently 64.93%.

Analyst Ratings Changes

Several brokerages have recently weighed in on XEL. 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. Morgan Stanley set a $89.00 price objective on shares of Xcel Energy in a research report on Wednesday, June 24th. New Street Research set a $91.00 price objective on shares of Xcel Energy in a research note on Tuesday, June 23rd. Jefferies Financial Group set a $101.00 target price on shares of Xcel Energy in a report on Tuesday, July 7th. Finally, Wall Street Zen cut shares of Xcel Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Xcel Energy presently has an average rating of “Buy” and a consensus target price of $92.76.

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.