Y Intercept Hong Kong Ltd Purchases 22,289 Shares of Xcel Energy Inc. $XEL

Y Intercept Hong Kong Ltd raised its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 33.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 88,267 shares of the company’s stock after purchasing an additional 22,289 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Xcel Energy were worth $7,012,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in XEL. Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new stake in shares of Xcel Energy in the first quarter valued at approximately $5,044,000. Elevation Point Wealth Partners LLC boosted its holdings in Xcel Energy by 54.4% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 50,966 shares of the company’s stock worth $4,072,000 after buying an additional 17,961 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. boosted its holdings in Xcel Energy by 33.3% in the 1st quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 90,773 shares of the company’s stock worth $7,211,000 after buying an additional 22,652 shares during the period. Strs Ohio grew its stake in Xcel Energy by 2,044.0% in the 1st quarter. Strs Ohio now owns 303,956 shares of the company’s stock valued at $24,146,000 after buying an additional 289,779 shares in the last quarter. Finally, Harrison Street Private Wealth LLC purchased a new position in Xcel Energy in the 1st quarter valued at approximately $4,568,000. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Price Performance

XEL stock opened at $81.96 on Friday. The firm has a 50 day simple moving average of $79.61 and a two-hundred day simple moving average of $78.63. The stock has a market cap of $51.17 billion, a PE ratio of 23.62, a P/E/G ratio of 2.13 and a beta of 0.39. Xcel Energy Inc. has a one year low of $66.56 and a one year high of $84.23. 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 (NASDAQ:XEL) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.91 earnings per share for the quarter, meeting the consensus estimate of $0.91. Xcel Energy had a net margin of 14.14% and a return on equity of 10.37%. The firm had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter last year, the company posted $0.84 EPS. The business’s quarterly revenue was up 2.9% on a year-over-year basis. On average, analysts predict that Xcel Energy Inc. will post 4.11 EPS for the current fiscal year.

Xcel Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, June 15th will be given a dividend of $0.5925 per share. The ex-dividend date 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 presently 68.30%.

Analyst Upgrades and Downgrades

XEL has been the topic of several recent research reports. Truist Financial dropped their target price on Xcel Energy from $95.00 to $92.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Argus set a $86.00 price target on Xcel Energy in a research report on Thursday, March 12th. Mizuho decreased their price objective on Xcel Energy from $94.00 to $91.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 23rd. KeyCorp reissued an “overweight” rating on shares of Xcel Energy in a report on Monday, June 8th. Finally, BMO Capital Markets raised their target price on Xcel Energy from $90.00 to $94.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Two research 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. Based on data from MarketBeat.com, Xcel Energy has a consensus rating of “Buy” and a consensus price target of $91.29.

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.