Xcel Energy Inc. $XEL Shares Sold by RWC Asset Management LLP

RWC Asset Management LLP reduced its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 31.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 135,490 shares of the company’s stock after selling 61,735 shares during the period. RWC Asset Management LLP’s holdings in Xcel Energy were worth $10,007,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in XEL. JPMorgan Chase & Co. raised its holdings in Xcel Energy by 16.9% during the fourth quarter. JPMorgan Chase & Co. now owns 24,572,438 shares of the company’s stock worth $1,814,920,000 after purchasing an additional 3,546,423 shares in the last quarter. Bank of America Corp DE raised its holdings in Xcel Energy by 9.9% during the third quarter. Bank of America Corp DE now owns 28,851,485 shares of the company’s stock worth $2,326,872,000 after purchasing an additional 2,589,406 shares in the last quarter. Barclays PLC raised its holdings in Xcel Energy by 54.3% during the third quarter. Barclays PLC now owns 6,098,386 shares of the company’s stock worth $491,835,000 after purchasing an additional 2,145,063 shares in the last quarter. Vanguard Group Inc. raised its holdings in Xcel Energy by 2.7% during the third quarter. Vanguard Group Inc. now owns 76,725,720 shares of the company’s stock worth $6,187,929,000 after purchasing an additional 2,001,018 shares in the last quarter. Finally, State Street Corp raised its holdings in Xcel Energy by 5.1% during the third quarter. State Street Corp now owns 35,896,553 shares of the company’s stock worth $2,914,984,000 after purchasing an additional 1,752,296 shares in the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Evercore reissued an “outperform” rating and set a $96.00 price target on shares of Xcel Energy in a report on Monday, May 4th. Truist Financial cut their price target on shares of Xcel Energy from $95.00 to $92.00 and set a “buy” rating for the company in a report on Monday, May 18th. Weiss Ratings raised shares of Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 20th. Argus set a $86.00 target price on shares of Xcel Energy in a report on Thursday, March 12th. Finally, Morgan Stanley set a $87.00 target price on shares of Xcel Energy in a report on Thursday, May 21st. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $90.63.

Xcel Energy Stock Performance

Shares of Xcel Energy stock opened at $79.04 on Monday. Xcel Energy Inc. has a 12-month low of $65.21 and a 12-month high of $84.23. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 1.45. The stock has a market cap of $49.34 billion, a PE ratio of 22.78, a price-to-earnings-growth ratio of 2.05 and a beta of 0.39. The company has a 50-day moving average of $79.81 and a two-hundred day moving average of $78.49.

Xcel Energy (NASDAQ:XEL) last issued its earnings results on Wednesday, April 29th. The company reported $0.91 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.91. The company had revenue of $4.02 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the company posted $0.84 earnings per share. On average, research analysts anticipate that Xcel Energy Inc. will post 4.11 EPS for the current fiscal year.

Xcel Energy Announces Dividend

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

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.