Harvest Fund Management Co. Ltd increased its position in Xcel Energy Inc. (NASDAQ:XEL – Free Report) by 87.8% in the 2nd quarter, Holdings Channel reports. The firm owned 2,703 shares of the company’s stock after buying an additional 1,264 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Xcel Energy were worth $168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently bought and sold shares of XEL. T. Rowe Price Investment Management Inc. acquired a new position in Xcel Energy in the fourth quarter worth about $576,873,000. Moneta Group Investment Advisors LLC bought a new stake in Xcel Energy in the fourth quarter valued at $231,020,000. Strategic Wealth Investment Group LLC grew its position in Xcel Energy by 90,544.8% in the first quarter. Strategic Wealth Investment Group LLC now owns 3,219,705 shares of the company’s stock valued at $240,000 after acquiring an additional 3,216,153 shares during the period. Vanguard Group Inc. grew its position in Xcel Energy by 2.6% in the first quarter. Vanguard Group Inc. now owns 50,043,375 shares of the company’s stock valued at $3,611,630,000 after acquiring an additional 1,263,127 shares during the period. Finally, Alliancebernstein L.P. grew its position in Xcel Energy by 165.3% in the fourth quarter. Alliancebernstein L.P. now owns 1,899,289 shares of the company’s stock valued at $133,159,000 after acquiring an additional 1,183,298 shares during the period. 77.83% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts have commented on XEL shares. Barclays started coverage on shares of Xcel Energy in a research report on Thursday, August 24th. They issued an “equal weight” rating and a $60.00 price target on the stock. The Goldman Sachs Group initiated coverage on shares of Xcel Energy in a research report on Wednesday, June 7th. They issued a “buy” rating and a $75.00 price target on the stock. StockNews.com upgraded Xcel Energy from a “sell” rating to a “hold” rating in a research report on Saturday. Wolfe Research downgraded Xcel Energy from an “outperform” rating to a “peer perform” rating in a research report on Friday, June 2nd. Finally, Bank of America downgraded Xcel Energy from a “buy” rating to a “neutral” rating and cut their price objective for the company from $72.00 to $60.00 in a research report on Tuesday, August 22nd. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $66.79.
Xcel Energy Stock Performance
Xcel Energy stock opened at $57.97 on Friday. The company’s 50-day moving average is $60.21 and its two-hundred day moving average is $64.66. The company has a market cap of $31.97 billion, a PE ratio of 18.40, a PEG ratio of 2.90 and a beta of 0.42. Xcel Energy Inc. has a 1 year low of $55.11 and a 1 year high of $74.59. The company has a current ratio of 0.80, a quick ratio of 0.68 and a debt-to-equity ratio of 1.42.
Xcel Energy (NASDAQ:XEL – Get Free Report) last posted its earnings results on Thursday, July 27th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.05). The company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.38 billion. Xcel Energy had a return on equity of 10.39% and a net margin of 11.38%. Xcel Energy’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 earnings per share. Equities analysts anticipate that Xcel Energy Inc. will post 3.34 earnings per share for the current year.
Xcel Energy Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 15th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend is Thursday, September 14th. Xcel Energy’s dividend payout ratio (DPR) is 66.03%.
Xcel Energy Company Profile
Xcel Energy Inc, through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources.
- Five stocks we like better than Xcel Energy
- 3 Small Caps With Big Return Potential
- 5 Reasons Apple’s New Phone Moves the Needle: 5 That It Won’t
- How to Invest in Blockchain Stocks Step by Step
- MarketBeat Week in Review – 9/11 – 9/15
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- China’s Jump In Car Sales Is Drawing Big Money To These Stocks
Receive News & Ratings for Xcel Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xcel Energy and related companies with MarketBeat.com's FREE daily email newsletter.