Xcel Energy Inc. (NASDAQ:XEL) Shares Acquired by Bailard Inc.

Bailard Inc. grew its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 2.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,074 shares of the company’s stock after purchasing an additional 242 shares during the quarter. Bailard Inc.’s holdings in Xcel Energy were worth $645,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Syon Capital LLC purchased a new position in shares of Xcel Energy during the fourth quarter valued at approximately $317,000. Truist Financial Corp lifted its stake in shares of Xcel Energy by 85.0% during the fourth quarter. Truist Financial Corp now owns 144,788 shares of the company’s stock valued at $8,964,000 after buying an additional 66,524 shares during the period. Golden State Equity Partners purchased a new position in shares of Xcel Energy during the fourth quarter valued at approximately $220,000. Russell Investments Group Ltd. lifted its stake in shares of Xcel Energy by 18.1% during the fourth quarter. Russell Investments Group Ltd. now owns 1,185,235 shares of the company’s stock valued at $73,378,000 after buying an additional 181,312 shares during the period. Finally, Choreo LLC lifted its stake in shares of Xcel Energy by 10.1% during the fourth quarter. Choreo LLC now owns 5,010 shares of the company’s stock valued at $310,000 after buying an additional 459 shares during the period. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. StockNews.com raised shares of Xcel Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Barclays increased their price target on shares of Xcel Energy from $56.00 to $57.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Bank of America increased their price target on shares of Xcel Energy from $63.00 to $66.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Morgan Stanley increased their price target on shares of Xcel Energy from $62.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, Wells Fargo & Company increased their price target on shares of Xcel Energy from $57.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Xcel Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.92.

Xcel Energy Stock Up 2.2 %

XEL traded up $1.34 during trading hours on Monday, reaching $61.46. 3,678,656 shares of the stock traded hands, compared to its average volume of 4,337,403. The firm’s fifty day simple moving average is $56.16 and its two-hundred day simple moving average is $55.08. The company has a market cap of $34.15 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 2.60 and a beta of 0.37. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $64.25. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.86 and a quick ratio of 0.74.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.03). The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.29 billion. Xcel Energy had a net margin of 13.46% and a return on equity of 11.00%. Xcel Energy’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the business posted $0.52 earnings per share. As a group, analysts forecast that Xcel Energy Inc. will post 3.55 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, October 20th. Stockholders of record on Friday, September 13th will be given a dividend of $0.548 per share. This is a boost from Xcel Energy’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Friday, September 13th. This represents a $2.19 annualized dividend and a dividend yield of 3.57%. Xcel Energy’s dividend payout ratio (DPR) is presently 65.77%.

Xcel Energy Company Profile

Xcel Energy Inc, through its subsidiaries, engages in the generation, purchasing, transmission, distribution, and sale of electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through wind, nuclear, hydroelectric, biomass, and solar energy sources, as well as coal, natural gas, oil, wood, and refuse-derived fuels.