Tema Etfs LLC Has $4.40 Million Stock Position in Xcel Energy Inc. $XEL

Tema Etfs LLC grew its stake in Xcel Energy Inc. (NASDAQ:XEL) by 44.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,494 shares of the company’s stock after purchasing an additional 16,681 shares during the period. Tema Etfs LLC’s holdings in Xcel Energy were worth $4,395,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sequoia Financial Advisors LLC boosted its holdings in Xcel Energy by 35.4% in the second quarter. Sequoia Financial Advisors LLC now owns 35,803 shares of the company’s stock valued at $2,438,000 after acquiring an additional 9,355 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in Xcel Energy by 2,324.9% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,716,351 shares of the company’s stock worth $116,884,000 after purchasing an additional 1,645,571 shares during the last quarter. Jump Financial LLC acquired a new position in Xcel Energy during the 2nd quarter valued at about $9,196,000. Nordea Investment Management AB boosted its stake in shares of Xcel Energy by 10.3% in the 2nd quarter. Nordea Investment Management AB now owns 3,211,081 shares of the company’s stock valued at $216,042,000 after purchasing an additional 299,484 shares during the last quarter. Finally, VCI Wealth Management LLC bought a new position in shares of Xcel Energy in the 3rd quarter valued at about $1,176,000. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Trading Up 1.2%

Shares of NASDAQ XEL opened at $74.26 on Monday. The company’s fifty day moving average is $77.23 and its 200-day moving average is $75.31. The stock has a market cap of $43.93 billion, a price-to-earnings ratio of 22.64, a P/E/G ratio of 2.03 and a beta of 0.46. Xcel Energy Inc. has a twelve month low of $62.58 and a twelve month high of $83.01. The company has a quick ratio of 0.69, a current ratio of 0.79 and a debt-to-equity ratio of 1.51.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $1.24 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.08). The business had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.89 billion. Xcel Energy had a return on equity of 10.45% and a net margin of 13.46%.The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.25 EPS. Equities research analysts predict that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 20th. Stockholders of record on Monday, December 29th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Monday, December 29th. Xcel Energy’s payout ratio is 69.51%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of Xcel Energy from $90.00 to $87.00 and set an “overweight” rating for the company in a research note on Thursday, December 11th. Citigroup lifted their target price on shares of Xcel Energy from $80.00 to $92.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Jefferies Financial Group upped their target price on shares of Xcel Energy from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. Morgan Stanley restated an “underperform” rating and issued a $84.00 price target on shares of Xcel Energy in a research report on Thursday, November 20th. Finally, TD Cowen initiated coverage on Xcel Energy in a research note on Thursday, October 16th. They set a “buy” rating and a $93.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $87.21.

About Xcel Energy

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.