Csenge Advisory Group Invests $513,000 in Xcel Energy Inc. $XEL

Csenge Advisory Group bought a new position in Xcel Energy Inc. (NASDAQ:XEL) during the second quarter, HoldingsChannel reports. The firm bought 6,383 shares of the company’s stock, valued at approximately $513,000.

Other hedge funds have also bought and sold shares of the company. Johnson Financial Group Inc. bought a new stake in Xcel Energy during the 2nd quarter valued at $516,000. West Family Investments Inc. acquired a new position in Xcel Energy during the second quarter worth $293,000. NewEdge Wealth LLC bought a new position in shares of Xcel Energy in the second quarter valued at $837,000. Danske Bank A S bought a new position in shares of Xcel Energy in the second quarter valued at $739,000. Finally, Diversify Advisory Services LLC acquired a new position in shares of Xcel Energy during the second quarter valued at about $315,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Xcel Energy from $91.00 to $102.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Jefferies Financial Group set a $101.00 price target on Xcel Energy in a research note on Tuesday, July 7th. BMO Capital Markets lowered their price objective on Xcel Energy from $95.00 to $92.00 and set an “outperform” rating for the company in a research note on Wednesday, July 22nd. Wall Street Zen lowered Xcel Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Truist Financial dropped their price objective on Xcel Energy from $94.00 to $88.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Xcel Energy presently has a consensus rating of “Buy” and a consensus price target of $92.41.

Xcel Energy Trading Down 0.9%

NASDAQ:XEL opened at $78.71 on Friday. Xcel Energy Inc. has a 52 week low of $71.29 and a 52 week high of $84.23. The firm has a 50-day moving average price of $79.41 and a two-hundred day moving average price of $79.72. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.62 and a current ratio of 0.70. The firm has a market cap of $49.16 billion, a price-to-earnings ratio of 21.56, a price-to-earnings-growth ratio of 2.06 and a beta of 0.39.

Xcel Energy (NASDAQ:XEL) last announced its earnings results on Wednesday, July 29th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.14. The firm had revenue of $3.12 billion for the quarter, compared to the consensus estimate 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 in the previous year, the business earned $1.59 EPS. On average, equities analysts expect that Xcel Energy Inc. will post 4.11 earnings per share for the current fiscal year.

Xcel Energy Announces Dividend

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

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.