10,418 Shares in Xcel Energy Inc. $XEL Purchased by NewEdge Wealth LLC

NewEdge Wealth LLC bought a new stake in Xcel Energy Inc. (NASDAQ:XEL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,418 shares of the company’s stock, valued at approximately $837,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Xcel Energy during the second quarter worth about $4,890,136,000. Deutsche Bank AG purchased a new position in shares of Xcel Energy during the second quarter valued at approximately $433,927,000. Barclays PLC lifted its stake in shares of Xcel Energy by 63.6% during the fourth quarter. Barclays PLC now owns 9,979,397 shares of the company’s stock valued at $737,078,000 after buying an additional 3,881,011 shares during the period. JPMorgan Chase & Co. boosted its position in Xcel Energy by 16.9% during the fourth quarter. JPMorgan Chase & Co. now owns 24,572,438 shares of the company’s stock worth $1,814,920,000 after acquiring an additional 3,546,423 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in Xcel Energy during the second quarter worth approximately $280,187,000. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on XEL shares. Barclays boosted their price target on Xcel Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Morgan Stanley decreased their price objective on Xcel Energy from $92.00 to $89.00 and set an “equal weight” rating on the stock in a report on Friday. JPMorgan Chase & Co. lifted their price objective on Xcel Energy from $91.00 to $102.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Wall Street Zen lowered Xcel Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, New Street Research set a $91.00 target price on Xcel Energy in a research report on Tuesday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Xcel Energy has a consensus rating of “Buy” and a consensus price target of $92.41.

Xcel Energy Stock Performance

Shares of XEL stock opened at $76.30 on Friday. Xcel Energy Inc. has a one year low of $71.29 and a one year high of $84.23. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.62 and a current ratio of 0.70. The company has a 50 day moving average price of $79.35 and a 200 day moving average price of $79.70. The firm has a market capitalization of $47.66 billion, a price-to-earnings ratio of 20.90, a price-to-earnings-growth ratio of 2.05 and a beta of 0.39.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.14. Xcel Energy had a net margin of 15.28% and a return on equity of 10.65%. The company had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same quarter last year, the business earned $1.59 EPS. Xcel Energy’s revenue for the quarter was down 5.1% on a year-over-year basis. Sell-side analysts anticipate that Xcel Energy Inc. will post 4.11 EPS for the current year.

Xcel Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Tuesday, September 15th will be issued a $0.5925 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.37 dividend on an annualized basis and a yield of 3.1%. Xcel Energy’s dividend payout ratio (DPR) is presently 64.93%.

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.