349,700 Shares in Xcel Energy Inc. $XEL Bought by Capitolis Liquid Global Markets LLC

Capitolis Liquid Global Markets LLC acquired a new position in shares of Xcel Energy Inc. (NASDAQ:XEL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 349,700 shares of the company’s stock, valued at approximately $25,829,000. Capitolis Liquid Global Markets LLC owned 0.06% of Xcel Energy as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC bought a new stake in shares of Xcel Energy during the 4th quarter worth approximately $240,000. Empowered Funds LLC increased its stake in Xcel Energy by 30.7% in the first quarter. Empowered Funds LLC now owns 13,810 shares of the company’s stock valued at $978,000 after acquiring an additional 3,242 shares during the last quarter. Woodline Partners LP increased its stake in Xcel Energy by 40.7% in the first quarter. Woodline Partners LP now owns 48,515 shares of the company’s stock valued at $3,434,000 after acquiring an additional 14,029 shares during the last quarter. Brown Advisory Inc. raised its position in Xcel Energy by 4.8% during the second quarter. Brown Advisory Inc. now owns 10,193 shares of the company’s stock valued at $694,000 after purchasing an additional 469 shares in the last quarter. Finally, Cary Street Partners Financial LLC lifted its stake in 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 purchasing an additional 362 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on XEL. JPMorgan Chase & Co. decreased their price target on Xcel Energy from $94.00 to $91.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Barclays dropped their price objective on Xcel Energy from $91.00 to $87.00 and set an “overweight” rating for the company in a research report on Tuesday, May 12th. Weiss Ratings raised Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 20th. BMO Capital Markets raised their price objective on Xcel Energy from $90.00 to $94.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Finally, Truist Financial reduced their price objective on Xcel Energy from $95.00 to $92.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $90.63.

Xcel Energy Stock Performance

Shares of XEL stock opened at $77.46 on Thursday. The business’s 50-day moving average price is $79.62 and its 200-day moving average price is $78.38. Xcel Energy Inc. has a 12 month low of $65.21 and a 12 month high of $84.23. The firm has a market capitalization of $48.36 billion, a price-to-earnings ratio of 22.32, a PEG ratio of 2.05 and a beta of 0.39. 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 (NASDAQ:XEL) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.91 EPS for the quarter, meeting analysts’ consensus estimates of $0.91. Xcel Energy had a return on equity of 10.37% and a net margin of 14.14%.The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same period last year, the firm posted $0.84 earnings per share. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. Equities research analysts forecast that Xcel Energy Inc. will post 4.11 EPS for the current year.

Xcel Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.5925 per share. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, June 15th. Xcel Energy’s dividend payout ratio (DPR) is presently 68.30%.

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.