19,041 Xcel Energy Inc. $XEL Shares Bought by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY lifted its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 12.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 176,485 shares of the company’s stock after acquiring an additional 19,041 shares during the period. Miller Howard Investments Inc. NY’s holdings in Xcel Energy were worth $12,439,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of XEL. James T. Borello RIA raised its stake in Xcel Energy by 59.6% during the third quarter. James T. Borello RIA now owns 367 shares of the company’s stock worth $26,000 after purchasing an additional 137 shares during the period. KCM Investment Advisors LLC grew its stake in shares of Xcel Energy by 1.9% during the 1st quarter. KCM Investment Advisors LLC now owns 7,549 shares of the company’s stock valued at $600,000 after buying an additional 140 shares during the period. Cidel Asset Management Inc. grew its stake in shares of Xcel Energy by 3.3% during the 2nd quarter. Cidel Asset Management Inc. now owns 4,692 shares of the company’s stock valued at $377,000 after buying an additional 149 shares during the period. Birchwood Financial Partners Inc. grew its stake in shares of Xcel Energy by 1.7% during the 1st quarter. Birchwood Financial Partners Inc. now owns 9,252 shares of the company’s stock valued at $735,000 after buying an additional 158 shares during the period. Finally, Wealth Group Ltd increased its holdings in shares of Xcel Energy by 6.1% during the 3rd quarter. Wealth Group Ltd now owns 2,914 shares of the company’s stock worth $208,000 after buying an additional 167 shares during the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

XEL has been the topic of a number of research analyst reports. Scotiabank assumed coverage on Xcel Energy in a report on Tuesday, September 29th. They issued a “sector outperform” rating and a $77.00 target price on the stock. Weiss Ratings lowered Xcel Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, October 19th. Royal Bank Of Canada set a $86.00 price target on shares of Xcel Energy in a research report on Tuesday, October 20th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $99.00 target price (down from $101.00) on shares of Xcel Energy in a research report on Tuesday, October 20th. Finally, The Goldman Sachs Group lowered their price target on shares of Xcel Energy from $95.00 to $93.00 in a report on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $90.21.

Xcel Energy Stock Performance

XEL stock opened at $77.86 on Tuesday. 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 stock has a market capitalization of $48.63 billion, a price-to-earnings ratio of 21.33, a PEG ratio of 2.59 and a beta of 0.36. Xcel Energy Inc. has a 1 year low of $68.72 and a 1 year high of $84.23. The stock’s fifty day moving average is $74.75 and its two-hundred day moving average is $78.07.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.79 by $0.14. Xcel Energy had a net margin of 15.28% and a return on equity of 10.65%. The business had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same quarter in the prior year, the firm earned $1.59 earnings per share. The company’s quarterly revenue was down 5.1% on a year-over-year basis. On average, research analysts predict that Xcel Energy Inc. will post 4.13 EPS for the current year.

Xcel Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 20th. Shareholders of record on Tuesday, September 15th were issued a $0.5925 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $2.37 annualized dividend and a dividend yield of 3.0%. Xcel Energy’s dividend payout ratio is currently 64.93%.

Xcel Energy Profile

Xcel Energy Inc is a public utility holding company that provides electricity and natural gas services to residential, commercial, and industrial customers. Its operations include the generation, transmission, distribution, and sale of electricity, as well as the distribution and sale of natural gas.

The company serves customers across Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin through operating companies including Northern States Power, Public Service Company of Colorado, Southwestern Public Service Company, and NSP-Wisconsin.