Xcel Energy Inc. $XEL Shares Bought by National Pension Service

National Pension Service grew its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 6.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 692,244 shares of the company’s stock after acquiring an additional 40,882 shares during the quarter. National Pension Service owned about 0.12% of Xcel Energy worth $51,129,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. SBI Okasan Asset Management Co.Ltd. acquired a new stake in Xcel Energy during the 4th quarter worth approximately $1,045,000. Northwestern Mutual Wealth Management Co. increased its position in Xcel Energy by 8.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 124,567 shares of the company’s stock worth $9,201,000 after purchasing an additional 9,588 shares in the last quarter. Moors & Cabot Inc. increased its position in Xcel Energy by 5.1% during the 4th quarter. Moors & Cabot Inc. now owns 10,338 shares of the company’s stock worth $764,000 after purchasing an additional 499 shares in the last quarter. CFS Investment Advisory Services LLC increased its position in Xcel Energy by 21.0% during the 4th quarter. CFS Investment Advisory Services LLC now owns 5,209 shares of the company’s stock worth $385,000 after purchasing an additional 905 shares in the last quarter. Finally, Foundations Investment Advisors LLC increased its position in Xcel Energy by 75.2% during the 4th quarter. Foundations Investment Advisors LLC now owns 23,168 shares of the company’s stock worth $1,711,000 after purchasing an additional 9,946 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped 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. Truist Financial dropped 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, May 18th. Argus set a $86.00 target price on shares of Xcel Energy in a research report on Thursday, March 12th. Weiss Ratings raised shares of Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 20th. Finally, Evercore reissued an “outperform” rating and set a $96.00 target price on shares of Xcel Energy in a research report on Monday, May 4th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $90.63.

Xcel Energy Stock Up 0.3%

NASDAQ XEL opened at $79.50 on Friday. The stock has a market cap of $49.63 billion, a PE ratio of 22.91, a P/E/G ratio of 2.07 and a beta of 0.41. Xcel Energy Inc. has a fifty-two week low of $65.21 and a fifty-two week high of $84.23. The business has a 50 day moving average price of $79.82 and a two-hundred day moving average price of $78.61. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.45.

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, hitting analysts’ consensus estimates of $0.91. The firm had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.21 billion. Xcel Energy had a return on equity of 10.37% and a net margin of 14.14%.Xcel Energy’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.84 EPS. As a group, sell-side analysts predict that Xcel Energy Inc. will post 4.11 EPS for the current fiscal year.

Xcel Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, June 15th will be issued a $0.5925 dividend. This represents a $2.37 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Monday, June 15th. Xcel Energy’s dividend payout ratio is currently 68.30%.

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.