Northwestern Mutual Wealth Management Co. Buys 9,588 Shares of Xcel Energy Inc. $XEL

Northwestern Mutual Wealth Management Co. grew its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 8.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 124,567 shares of the company’s stock after purchasing an additional 9,588 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Xcel Energy were worth $9,201,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in XEL. Bank of America Corp DE increased its holdings in Xcel Energy by 9.9% during the 3rd quarter. Bank of America Corp DE now owns 28,851,485 shares of the company’s stock worth $2,326,872,000 after purchasing an additional 2,589,406 shares in the last quarter. Barclays PLC increased its holdings in Xcel Energy by 54.3% during the 3rd quarter. Barclays PLC now owns 6,098,386 shares of the company’s stock worth $491,835,000 after purchasing an additional 2,145,063 shares in the last quarter. Vanguard Group Inc. increased its holdings in Xcel Energy by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 76,725,720 shares of the company’s stock worth $6,187,929,000 after purchasing an additional 2,001,018 shares in the last quarter. State Street Corp increased its holdings in Xcel Energy by 5.1% during the 3rd quarter. State Street Corp now owns 35,896,553 shares of the company’s stock worth $2,914,984,000 after purchasing an additional 1,752,296 shares in the last quarter. Finally, Raymond James Financial Inc. increased its holdings in Xcel Energy by 100.3% during the 2nd quarter. Raymond James Financial Inc. now owns 2,519,061 shares of the company’s stock worth $171,548,000 after purchasing an additional 1,261,439 shares in the last quarter. 78.38% of the stock is owned by institutional investors.

Xcel Energy Price Performance

Shares of NASDAQ XEL opened at $77.87 on Wednesday. Xcel Energy Inc. has a twelve month low of $65.21 and a twelve month high of $84.23. The stock’s 50 day moving average price is $79.76 and its 200-day moving average price is $78.56. The company has a market capitalization of $48.61 billion, a PE ratio of 22.44, a PEG ratio of 1.98 and a beta of 0.39. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.45.

Xcel Energy (NASDAQ:XEL) last announced its earnings results on Wednesday, April 29th. The company reported $0.91 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.91. Xcel Energy had a return on equity of 10.37% and a net margin of 14.14%.The firm had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter in the previous year, the business earned $0.84 EPS. The company’s revenue was up 2.9% compared to the same quarter last year. On average, equities analysts anticipate that Xcel Energy Inc. will post 4.11 EPS for the current year.

Xcel Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, June 15th will be paid a $0.5925 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.37 annualized dividend and a yield of 3.0%. Xcel Energy’s dividend payout ratio is presently 68.30%.

Analysts Set New Price Targets

XEL has been the subject of a number of recent research reports. KeyCorp boosted their price objective on Xcel Energy from $89.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Morgan Stanley set a $87.00 price objective on Xcel Energy in a report on Thursday, May 21st. Barclays decreased their price objective on Xcel Energy from $91.00 to $87.00 and set an “overweight” rating for the company in a report on Tuesday, May 12th. UBS Group boosted their price objective on Xcel Energy from $89.00 to $91.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Finally, Truist Financial decreased their price objective on Xcel Energy from $95.00 to $92.00 and set a “buy” rating for the company in a report on Monday, May 18th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $90.63.

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.