Xcel Energy Inc. $XEL Shares Bought by Leeward Investments LLC MA

Leeward Investments LLC MA grew its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 7.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 114,558 shares of the company’s stock after acquiring an additional 7,950 shares during the period. Leeward Investments LLC MA’s holdings in Xcel Energy were worth $8,074,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Signaturefd LLC increased its stake in shares of Xcel Energy by 43.2% in the third quarter. Signaturefd LLC now owns 12,930 shares of the company’s stock worth $911,000 after acquiring an additional 3,899 shares during the last quarter. Bond & Devick Financial Network Inc. boosted its position in Xcel Energy by 1.3% during the third quarter. Bond & Devick Financial Network Inc. now owns 19,863 shares of the company’s stock valued at $1,400,000 after purchasing an additional 246 shares during the last quarter. Sowell Financial Services LLC boosted its position in Xcel Energy by 5.2% during the third quarter. Sowell Financial Services LLC now owns 4,876 shares of the company’s stock valued at $344,000 after purchasing an additional 243 shares during the last quarter. Evergreen Capital Management LLC boosted its position in Xcel Energy by 20.0% during the third quarter. Evergreen Capital Management LLC now owns 6,073 shares of the company’s stock valued at $432,000 after purchasing an additional 1,011 shares during the last quarter. Finally, RWC Asset Management LLP grew its stake in Xcel Energy by 8.8% in the third quarter. RWC Asset Management LLP now owns 143,959 shares of the company’s stock valued at $10,146,000 after purchasing an additional 11,654 shares in the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Stock Down 0.2%

Xcel Energy stock opened at $77.86 on Tuesday. The company has a market capitalization of $48.63 billion, a P/E ratio of 19.32, a P/E/G ratio of 2.59 and a beta of 0.36. The firm’s fifty day simple moving average is $74.75 and its 200-day simple moving average is $78.07. The company has a current ratio of 0.70, a quick ratio of 0.62 and a debt-to-equity ratio of 1.49. Xcel Energy Inc. has a 1-year low of $68.72 and a 1-year high of $84.23.

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

Xcel Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on XEL. HSBC initiated coverage on Xcel Energy in a research report on Thursday, October 22nd. They issued a “buy” rating and a $89.00 target price on the stock. Royal Bank Of Canada set a $86.00 price target on Xcel Energy in a research note on Tuesday, October 20th. JPMorgan Chase & Co. reduced their price target on Xcel Energy from $97.00 to $92.00 and set an “overweight” rating for the company in a report on Tuesday, October 13th. Scotiabank began coverage on Xcel Energy in a research note on Tuesday, September 29th. They issued a “sector outperform” rating and a $77.00 price target for the company. Finally, Morgan Stanley boosted their price target on Xcel Energy from $83.00 to $85.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $90.21.

About Xcel Energy

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.