Miller Howard Investments Inc. NY Raises Holdings in Xcel Energy Inc. $XEL

Miller Howard Investments Inc. NY grew its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 28.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,639 shares of the company’s stock after acquiring an additional 31,387 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in Xcel Energy were worth $11,252,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of XEL. Vermillion & White Wealth Management Group LLC purchased a new stake in Xcel Energy during the 3rd quarter worth approximately $27,000. Abound Wealth Management raised its holdings in shares of Xcel Energy by 394.5% in the fourth quarter. Abound Wealth Management now owns 361 shares of the company’s stock worth $27,000 after buying an additional 288 shares during the last quarter. Garton & Associates Financial Advisors LLC purchased a new position in shares of Xcel Energy in the fourth quarter worth $30,000. Beacon Financial Strategies CORP acquired a new stake in shares of Xcel Energy during the fourth quarter worth $33,000. Finally, Pittenger & Anderson Inc. grew its holdings in shares of Xcel Energy by 73.8% during the fourth quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock valued at $35,000 after buying an additional 200 shares during the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on XEL. KeyCorp reissued an “overweight” rating on shares of Xcel Energy in a research report on Monday, June 8th. Truist Financial dropped their price target on Xcel Energy from $95.00 to $92.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Morgan Stanley set a $87.00 price objective on Xcel Energy in a report on Thursday, May 21st. Evercore restated an “outperform” rating and issued a $96.00 price objective on shares of Xcel Energy in a research note on Monday, May 4th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Xcel Energy in a report on Wednesday, June 17th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $90.94.

Xcel Energy Stock Up 1.9%

NASDAQ:XEL opened at $80.33 on Wednesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.77 and a quick ratio of 0.68. The company’s fifty day moving average price is $79.36 and its 200-day moving average price is $78.34. Xcel Energy Inc. has a 1-year low of $66.56 and a 1-year high of $84.23. The firm has a market capitalization of $50.15 billion, a P/E ratio of 23.15, a PEG ratio of 2.05 and a beta of 0.39.

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

Xcel Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, June 15th will be issued a $0.5925 dividend. This represents a $2.37 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, June 15th. Xcel Energy’s payout ratio 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.