Xcel Energy Inc. $XEL Stock Position Raised by Strs Ohio

Strs Ohio grew its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 2,044.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 303,956 shares of the company’s stock after buying an additional 289,779 shares during the quarter. Strs Ohio’s holdings in Xcel Energy were worth $24,146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in XEL. Vermillion & White Wealth Management Group LLC acquired a new stake in Xcel Energy in the third quarter valued at approximately $27,000. Abound Wealth Management increased its stake in shares of Xcel Energy by 394.5% during the 4th quarter. Abound Wealth Management now owns 361 shares of the company’s stock worth $27,000 after purchasing an additional 288 shares during the last quarter. Garton & Associates Financial Advisors LLC acquired a new position in shares of Xcel Energy during the 4th quarter worth $30,000. Beacon Financial Strategies CORP bought a new position in shares of Xcel Energy during the 4th quarter valued at $33,000. Finally, Pittenger & Anderson Inc. lifted 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. Institutional investors own 78.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on XEL shares. Argus set a $86.00 price objective on shares of Xcel Energy in a report on Thursday, March 12th. Wall Street Zen lowered Xcel Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. BTIG Research reiterated a “buy” rating and set a $98.00 price target on shares of Xcel Energy in a research note on Friday, June 26th. JPMorgan Chase & Co. decreased their price target on Xcel Energy from $94.00 to $91.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Finally, Barclays cut their price objective on Xcel Energy from $91.00 to $87.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $91.29.

Xcel Energy Price Performance

XEL stock opened at $81.96 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.77 and a quick ratio of 0.68. Xcel Energy Inc. has a 52-week low of $66.56 and a 52-week high of $84.23. The company has a 50-day moving average of $79.61 and a two-hundred day moving average of $78.63. The stock has a market capitalization of $51.17 billion, a price-to-earnings ratio of 23.62, a price-to-earnings-growth ratio of 2.13 and a beta of 0.39.

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

Xcel Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, June 15th will be issued a $0.5925 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.37 dividend on an annualized basis and a yield of 2.9%. Xcel Energy’s dividend payout ratio (DPR) is 68.30%.

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.