Sanctuary Advisors LLC Makes New $6.85 Million Investment in Xcel Energy Inc. $XEL

Sanctuary Advisors LLC acquired a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 85,314 shares of the company’s stock, valued at approximately $6,851,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Xcel Energy during the second quarter valued at approximately $563,000. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of Xcel Energy in the 2nd quarter valued at approximately $1,238,000. Magellan Asset Management Ltd acquired a new position in Xcel Energy in the 2nd quarter worth approximately $226,328,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Xcel Energy during the 2nd quarter worth approximately $708,086,000. Finally, Bank of Nova Scotia purchased a new position in Xcel Energy during the 2nd quarter worth approximately $15,386,000. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy Trading Up 1.3%

Shares of NASDAQ:XEL opened at $77.33 on Tuesday. The firm has a fifty day moving average of $79.31 and a two-hundred day moving average of $79.74. The firm has a market capitalization of $48.30 billion, a P/E ratio of 21.19, a price-to-earnings-growth ratio of 1.98 and a beta of 0.39. Xcel Energy Inc. has a 12-month low of $71.29 and a 12-month high of $84.23. The company has a quick ratio of 0.62, a current ratio of 0.70 and a debt-to-equity ratio of 1.49.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.79 by $0.14. Xcel Energy had a net margin of 15.28% and a return on equity of 10.65%. The business had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.54 billion. During the same period in the previous year, the company posted $1.59 EPS. Xcel Energy’s revenue was down 5.1% on a year-over-year basis. On average, equities analysts expect that Xcel Energy Inc. will post 4.12 EPS for the current fiscal year.

Xcel Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Tuesday, September 15th will be paid a $0.5925 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.37 dividend on an annualized basis and a yield of 3.1%. Xcel Energy’s payout ratio is 64.93%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. KeyCorp restated an “overweight” rating on shares of Xcel Energy in a report on Monday, June 8th. Morgan Stanley lowered their price target on Xcel Energy from $92.00 to $89.00 and set an “equal weight” rating on the stock in a report on Friday. Mizuho set a $92.00 price objective on Xcel Energy in a research note on Friday, July 31st. BMO Capital Markets decreased their price objective on Xcel Energy from $95.00 to $92.00 and set an “outperform” rating for the company in a research report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. raised their price objective on Xcel Energy from $91.00 to $102.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target 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.