265,277 Shares in Xcel Energy Inc. $XEL Acquired by Corient Private Wealth LP

Corient Private Wealth LP bought a new position in shares of Xcel Energy Inc. (NASDAQ:XEL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 265,277 shares of the company’s stock, valued at approximately $13,374,000.

A number of other institutional investors have also modified their holdings of the business. Evolution Wealth Management Inc. boosted its stake in shares of Xcel Energy by 365.3% during the first quarter. Evolution Wealth Management Inc. now owns 349 shares of the company’s stock worth $28,000 after buying an additional 274 shares during the period. Garton & Associates Financial Advisors LLC purchased a new stake in Xcel Energy during the 4th quarter valued at approximately $30,000. First Bancorp Inc ME acquired a new stake in Xcel Energy during the 2nd quarter worth approximately $36,000. Pittenger & Anderson Inc. grew its stake in shares of Xcel Energy by 73.8% in the 4th quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock valued at $35,000 after purchasing an additional 200 shares during the last quarter. Finally, Cedar Mountain Advisors LLC acquired a new position in shares of Xcel Energy in the first quarter valued at approximately $39,000. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Price Performance

XEL stock opened at $76.45 on Friday. Xcel Energy Inc. has a 1 year low of $71.29 and a 1 year high of $84.23. 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 stock’s 50 day moving average price is $79.25 and its 200 day moving average price is $79.75. The firm has a market cap of $47.75 billion, a P/E ratio of 20.95, a PEG ratio of 1.98 and a beta of 0.39.

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

Xcel Energy Dividend Announcement

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

Analyst Ratings Changes

Several research firms have recently commented on XEL. BTIG Research restated a “buy” rating and set a $99.00 price target on shares of Xcel Energy in a research note on Friday, July 31st. Jefferies Financial Group set a $101.00 price objective on shares of Xcel Energy in a research note on Tuesday, July 7th. Wall Street Zen cut shares of Xcel Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Barclays boosted their price target on shares of Xcel Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Finally, Evercore restated an “outperform” rating and issued a $96.00 price objective on shares of Xcel Energy in a research report on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $92.41.

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.