Infrastructure Capital Advisors LLC Purchases Shares of 30,487 Xcel Energy Inc. $XEL

Infrastructure Capital Advisors LLC purchased a new position in shares of Xcel Energy Inc. (NASDAQ:XEL) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 30,487 shares of the company’s stock, valued at approximately $2,448,000.

Other large investors also recently modified their holdings of the company. Evolution Wealth Management Inc. raised its holdings 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 buying an additional 274 shares during the period. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Xcel Energy in the fourth quarter worth $30,000. Pittenger & Anderson Inc. increased its position in shares of Xcel Energy by 73.8% in the fourth quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock worth $35,000 after acquiring an additional 200 shares in the last quarter. Cedar Mountain Advisors LLC purchased a new position in shares of Xcel Energy in the 1st quarter valued at $39,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of Xcel Energy during the 3rd quarter valued at $42,000. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Xcel Energy Price Performance

Shares of Xcel Energy stock opened at $76.30 on Monday. Xcel Energy Inc. has a 1-year low of $71.29 and a 1-year high of $84.23. The company has a market capitalization of $47.66 billion, a PE ratio of 20.90, a P/E/G ratio of 1.98 and a beta of 0.39. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.70 and a quick ratio of 0.62. The business has a 50-day moving average of $79.35 and a 200-day moving average of $79.73.

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

Xcel Energy Dividend Announcement

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

Analysts Set New Price Targets

XEL has been the subject of a number of research reports. KeyCorp reaffirmed an “overweight” rating on shares of Xcel Energy in a research report on Monday, June 8th. Barclays boosted their price objective on Xcel Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Evercore reaffirmed an “outperform” rating and issued a $96.00 target price on shares of Xcel Energy in a research report on Monday, May 4th. Morgan Stanley lowered their target price on Xcel Energy from $92.00 to $89.00 and set an “equal weight” rating for the company in a research note on Friday. Finally, Truist Financial dropped their target price on Xcel Energy from $94.00 to $88.00 and set a “buy” rating on the stock in a report 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 given a Hold rating to the company. According to MarketBeat.com, Xcel Energy has an average rating of “Buy” and an average 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.