9,283 Shares in Xcel Energy Inc. $XEL Bought by Quantitative Investment Management LLC

Quantitative Investment Management LLC acquired a new stake in Xcel Energy Inc. (NASDAQ:XEL) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 9,283 shares of the company’s stock, valued at approximately $745,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of XEL. Quadrant Capital Group LLC increased its position in shares of Xcel Energy by 1.7% in the third quarter. Quadrant Capital Group LLC now owns 7,358 shares of the company’s stock worth $593,000 after purchasing an additional 125 shares during the period. Bleakley Financial Group LLC grew its position in Xcel Energy by 0.5% in the 4th quarter. Bleakley Financial Group LLC now owns 28,949 shares of the company’s stock valued at $2,138,000 after purchasing an additional 131 shares during the period. Hills Bank & Trust Co boosted its holdings in Xcel Energy by 2.2% during the 4th quarter. Hills Bank & Trust Co now owns 6,184 shares of the company’s stock worth $457,000 after acquiring an additional 133 shares during the last quarter. Keel Point LLC grew its position in Xcel Energy by 2.6% during the fourth quarter. Keel Point LLC now owns 5,485 shares of the company’s stock valued at $405,000 after buying an additional 137 shares during the period. Finally, KCM Investment Advisors LLC increased its holdings in Xcel Energy by 1.9% in the 1st quarter. KCM Investment Advisors LLC now owns 7,549 shares of the company’s stock worth $600,000 after acquiring an additional 140 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analysts Set New Price Targets

XEL has been the topic of several research analyst reports. Barclays upped their price target on shares of Xcel Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. KeyCorp restated an “overweight” rating on shares of Xcel Energy in a research report on Monday, June 8th. JPMorgan Chase & Co. boosted their price objective on Xcel Energy from $91.00 to $102.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Truist Financial cut their target price on shares of Xcel Energy from $94.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. Finally, BTIG Research reissued a “buy” rating and set a $99.00 price target on shares of Xcel Energy in a research report on Friday, July 31st. Two research 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $92.41.

Xcel Energy Price Performance

Shares of NASDAQ XEL opened at $75.89 on Wednesday. The company has a 50 day simple moving average of $79.10 and a two-hundred day simple moving average of $79.74. Xcel Energy Inc. has a fifty-two week low of $71.29 and a fifty-two week high of $84.23. The company has a market capitalization of $47.40 billion, a price-to-earnings ratio of 20.79, a P/E/G ratio of 2.56 and a beta of 0.39. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.62 and a current ratio of 0.70.

Xcel Energy (NASDAQ:XEL) last released its earnings results on Wednesday, July 29th. The company reported $0.93 EPS for the quarter, topping 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 company’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. Analysts expect that Xcel Energy Inc. will post 4.11 EPS for the current fiscal year.

Xcel Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.5925 per share. This represents a $2.37 annualized dividend and a yield of 3.1%. The ex-dividend date is Tuesday, September 15th. Xcel Energy’s dividend payout ratio (DPR) is currently 64.93%.

Xcel Energy 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.