Corient Private Wealth LP Has $21.30 Million Stock Holdings in Xcel Energy Inc. $XEL

Corient Private Wealth LP lifted its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 151.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 265,278 shares of the company’s stock after purchasing an additional 159,831 shares during the period. Corient Private Wealth LP’s holdings in Xcel Energy were worth $21,302,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp acquired a new stake in Xcel Energy during the 2nd quarter worth $280,187,000. Cbre Investment Management Listed Real Assets LLC raised its position in shares of Xcel Energy by 18.1% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,324,667 shares of the company’s stock valued at $171,700,000 after buying an additional 356,208 shares during the last quarter. PKO Investment Management Joint Stock Co acquired a new stake in shares of Xcel Energy in the fourth quarter valued at about $1,477,000. Electron Capital Partners LLC lifted its stake in shares of Xcel Energy by 15.2% in the fourth quarter. Electron Capital Partners LLC now owns 1,936,695 shares of the company’s stock worth $143,044,000 after buying an additional 255,884 shares in the last quarter. Finally, Reaves W H & Co. Inc. lifted its stake in shares of Xcel Energy by 13.1% in the fourth quarter. Reaves W H & Co. Inc. now owns 3,579,918 shares of the company’s stock worth $264,413,000 after buying an additional 415,759 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Stock Down 0.9%

Shares of NASDAQ XEL opened at $76.45 on Friday. The company has a market capitalization of $47.75 billion, a P/E ratio of 20.95, a P/E/G ratio of 2.00 and a beta of 0.39. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.70 and a quick ratio of 0.62. The company has a 50 day simple moving average of $79.25 and a 200-day simple moving average of $79.75. Xcel Energy Inc. has a 1 year low of $71.29 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 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.14. The firm had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.54 billion. Xcel Energy had a return on equity of 10.65% and a net margin of 15.28%.The firm’s quarterly revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.59 earnings per share. On average, equities research analysts predict that Xcel Energy Inc. will post 4.12 earnings per share for the current year.

Xcel Energy Announces Dividend

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 paid a $0.5925 dividend. This represents a $2.37 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, September 15th. Xcel Energy’s dividend payout ratio is 64.93%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on XEL shares. BMO Capital Markets lowered their price target on shares of Xcel Energy from $95.00 to $92.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 22nd. Jefferies Financial Group set a $101.00 target price on shares of Xcel Energy in a research note on Tuesday, July 7th. Barclays boosted their target price on Xcel Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. JPMorgan Chase & Co. boosted their price objective on Xcel Energy from $91.00 to $102.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Finally, KeyCorp restated an “overweight” rating on shares of Xcel Energy in a report on Monday, June 8th. 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 target price of $92.41.

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.