Johnson Financial Group Inc. Takes $516,000 Position in Xcel Energy Inc. $XEL

Johnson Financial Group Inc. purchased a new position in shares of Xcel Energy Inc. (NASDAQ:XEL) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,397 shares of the company’s stock, valued at approximately $516,000.

Other institutional investors have also modified their holdings of the company. Evolution Wealth Management Inc. lifted its position in Xcel Energy by 365.3% in the first quarter. Evolution Wealth Management Inc. now owns 349 shares of the company’s stock valued at $28,000 after acquiring an additional 274 shares during the last quarter. Garton & Associates Financial Advisors LLC purchased a new stake in Xcel Energy during the 4th quarter valued at approximately $30,000. Pittenger & Anderson Inc. lifted its holdings in shares of Xcel Energy by 73.8% during the fourth quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock worth $35,000 after purchasing an additional 200 shares during the period. Advocate Investing Services LLC acquired a new stake in shares of Xcel Energy in the 4th quarter worth $38,000. Finally, Cedar Mountain Advisors LLC acquired a new stake in Xcel Energy in the first quarter valued at about $39,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Price Performance

Shares of NASDAQ XEL opened at $79.41 on Thursday. The company has a market capitalization of $49.60 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 2.06 and a beta of 0.39. Xcel Energy Inc. has a 1-year low of $71.29 and a 1-year high of $84.23. The business has a 50-day moving average of $79.40 and a 200-day moving average of $79.70. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.70 and a quick ratio of 0.62.

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

Xcel Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.5925 per share. This represents a $2.37 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, September 15th. Xcel Energy’s dividend payout ratio is 64.93%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. raised their target price on Xcel Energy from $91.00 to $102.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Xcel Energy in a research note on Wednesday, June 17th. Mizuho set a $92.00 target price on shares of Xcel Energy in a report on Friday, July 31st. Morgan Stanley set a $89.00 price objective on Xcel Energy in a report on Wednesday, June 24th. Finally, BMO Capital Markets decreased their target price on shares of Xcel Energy from $95.00 to $92.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $92.41.

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.