BTG Pactual Asset Management US LLC Has $15.78 Million Stock Position in Xcel Energy Inc. $XEL

BTG Pactual Asset Management US LLC grew its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 45.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 196,478 shares of the company’s stock after acquiring an additional 61,314 shares during the period. Xcel Energy comprises 0.9% of BTG Pactual Asset Management US LLC’s holdings, making the stock its 15th largest holding. BTG Pactual Asset Management US LLC’s holdings in Xcel Energy were worth $15,777,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. BlackRock Inc. bought a new position in Xcel Energy during the 2nd quarter worth $4,890,136,000. GQG Partners LLC acquired a new stake in shares of Xcel Energy in the second quarter valued at about $891,688,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Xcel Energy in the second quarter valued at about $708,086,000. Legal & General Group Plc bought a new position in shares of Xcel Energy during the second quarter worth about $503,543,000. Finally, Deutsche Bank AG acquired a new position in shares of Xcel Energy in the second quarter worth approximately $433,927,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Mizuho set a $92.00 target price on shares of Xcel Energy in a research report on Friday, July 31st. BTIG Research reissued a “buy” rating and set a $99.00 target price on shares of Xcel Energy in a research note on Friday, July 31st. KeyCorp reaffirmed an “overweight” rating on shares of Xcel Energy in a research report on Monday, June 8th. Barclays upped their price target on shares of Xcel Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Finally, BMO Capital Markets decreased their price target on Xcel Energy from $95.00 to $92.00 and set an “outperform” rating for the company in a report on Wednesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $92.41.

Xcel Energy Price Performance

Xcel Energy stock opened at $76.45 on Monday. The stock has a market capitalization of $47.75 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 1.98 and a beta of 0.39. Xcel Energy Inc. has a 52-week low of $71.29 and a 52-week 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 stock’s 50 day moving average price is $79.25 and its two-hundred day moving average price is $79.77.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.93 earnings per share for the quarter, beating 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 company had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same quarter in the previous year, the business posted $1.59 EPS. Xcel Energy’s revenue for the quarter was down 5.1% compared to the same quarter last year. On average, equities analysts predict that Xcel Energy Inc. will post 4.12 earnings per share for the current year.

Xcel Energy Dividend Announcement

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