Commerzbank Aktiengesellschaft FI Makes New $2.62 Million Investment in Xcel Energy Inc. $XEL

Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 32,695 shares of the company’s stock, valued at approximately $2,625,000.

Several other large investors have also recently made changes to their positions in the business. Evolution Wealth Management Inc. lifted its holdings in shares of Xcel Energy by 365.3% in the 1st quarter. Evolution Wealth Management Inc. now owns 349 shares of the company’s stock worth $28,000 after acquiring an additional 274 shares during the last quarter. Garton & Associates Financial Advisors LLC bought a new position in shares of Xcel Energy during the 4th quarter valued at $30,000. Pittenger & Anderson Inc. grew its holdings in shares of Xcel Energy by 73.8% during 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. Advocate Investing Services LLC bought a new position in shares of Xcel Energy during the 4th quarter valued at $38,000. Finally, Cedar Mountain Advisors LLC purchased a new position in Xcel Energy in the 1st quarter worth $39,000. 78.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. UBS Group boosted their price target on shares of Xcel Energy from $89.00 to $91.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Wall Street Zen cut Xcel Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. lifted their price objective on Xcel Energy from $91.00 to $102.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Truist Financial lowered their target price on Xcel Energy from $94.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday. Finally, KeyCorp restated an “overweight” rating on shares of Xcel Energy in a report on Monday, June 8th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $92.41.

Xcel Energy Trading Up 0.1%

Shares of XEL opened at $79.21 on Tuesday. Xcel Energy Inc. has a 1-year low of $71.29 and a 1-year high of $84.23. The company has a current ratio of 0.70, a quick ratio of 0.62 and a debt-to-equity ratio of 1.49. The firm’s 50-day moving average price is $79.35 and its 200-day moving average price is $79.66. The firm has a market capitalization of $49.48 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 2.06 and a beta of 0.39.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.93 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $3.54 billion. During the same period last year, the business posted $1.59 earnings per share. Xcel Energy’s quarterly revenue was down 5.1% compared to the same quarter last year. Sell-side analysts anticipate that Xcel Energy Inc. will post 4.11 EPS for the current 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 issued a dividend of $0.5925 per share. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Tuesday, September 15th. Xcel Energy’s payout ratio is 64.93%.

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.