Daiichi Life Insurance Co. Ltd. Makes New $1.90 Million Investment in Xcel Energy Inc. $XEL

Daiichi Life Insurance Co. Ltd. bought a new stake in Xcel Energy Inc. (NASDAQ:XEL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 23,671 shares of the company’s stock, valued at approximately $1,901,000.

Several other large investors also recently modified their holdings of the business. Evolution Wealth Management Inc. grew its position in shares of Xcel Energy by 365.3% in the 1st quarter. Evolution Wealth Management Inc. now owns 349 shares of the company’s stock valued at $28,000 after purchasing an additional 274 shares during the period. Garton & Associates Financial Advisors LLC acquired a new stake in Xcel Energy during the 4th quarter worth approximately $30,000. Pittenger & Anderson Inc. lifted its stake in Xcel Energy by 73.8% in 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 in the last quarter. Advocate Investing Services LLC acquired a new position in shares of Xcel Energy in the fourth quarter valued at approximately $38,000. Finally, Cedar Mountain Advisors LLC acquired a new position in shares of Xcel Energy in the first quarter valued at approximately $39,000. 78.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on XEL shares. New Street Research set a $91.00 price objective on shares of Xcel Energy in a report on Tuesday, June 23rd. KeyCorp reiterated an “overweight” rating on shares of Xcel Energy in a report on Monday, June 8th. Mizuho set a $92.00 price target on Xcel Energy in a research note on Friday, July 31st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Xcel Energy in a research report on Wednesday, June 17th. Finally, Jefferies Financial Group set a $101.00 price objective on Xcel Energy in a report on Tuesday, July 7th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $92.41.

Xcel Energy Price Performance

NASDAQ:XEL opened at $76.30 on Monday. Xcel Energy Inc. has a one year low of $71.29 and a one year high of $84.23. The company has a market cap of $47.66 billion, a P/E ratio of 20.90, a P/E/G ratio of 1.98 and a beta of 0.39. The firm’s fifty day moving average price is $79.35 and its two-hundred day moving average price is $79.73. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.70 and a quick ratio of 0.62.

Xcel Energy (NASDAQ:XEL) last announced its earnings results on Wednesday, July 29th. The company reported $0.93 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $3.54 billion. During the same quarter in the previous year, the business posted $1.59 earnings per share. Xcel Energy’s quarterly revenue was down 5.1% on a year-over-year basis. Equities analysts expect that Xcel Energy Inc. will post 4.12 earnings per share for the current year.

Xcel Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Tuesday, September 15th will be given a $0.5925 dividend. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Tuesday, September 15th. Xcel Energy’s payout ratio 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.