Jackson Square Capital LLC Makes New $583,000 Investment in Xcel Energy Inc. $XEL

Jackson Square Capital LLC bought a new position in Xcel Energy Inc. (NASDAQ:XEL) in the third quarter, Holdings Channel.com reports. The firm bought 7,225 shares of the company’s stock, valued at approximately $583,000.

A number of other hedge funds have also modified their holdings of the company. Brighton Jones LLC purchased a new position in Xcel Energy during the 4th quarter worth approximately $240,000. Dimensional Fund Advisors LP boosted its stake in shares of Xcel Energy by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,939,354 shares of the company’s stock worth $137,273,000 after buying an additional 22,567 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its position in Xcel Energy by 2.1% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 12,443 shares of the company’s stock valued at $880,000 after acquiring an additional 250 shares in the last quarter. Martingale Asset Management L P lifted its holdings in Xcel Energy by 4.3% in the first quarter. Martingale Asset Management L P now owns 136,343 shares of the company’s stock valued at $9,652,000 after acquiring an additional 5,669 shares during the period. Finally, Summit Financial LLC lifted its holdings in Xcel Energy by 30.0% in the first quarter. Summit Financial LLC now owns 7,212 shares of the company’s stock valued at $511,000 after acquiring an additional 1,664 shares during the period. 78.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on XEL. Cowen started coverage on shares of Xcel Energy in a research note on Wednesday, October 15th. They set a “buy” rating on the stock. Weiss Ratings raised shares of Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. Mizuho raised their price target on shares of Xcel Energy from $83.00 to $87.00 and gave the company an “outperform” rating in a research note on Monday, October 27th. BTIG Research upgraded Xcel Energy to a “strong-buy” rating in a research note on Wednesday, October 22nd. Finally, Barclays increased their target price on Xcel Energy from $83.00 to $85.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $87.29.

Xcel Energy Stock Performance

Xcel Energy stock opened at $72.67 on Friday. The stock has a market cap of $42.99 billion, a price-to-earnings ratio of 22.16, a price-to-earnings-growth ratio of 2.17 and a beta of 0.45. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.79 and a quick ratio of 0.69. The firm has a 50 day simple moving average of $79.26 and a 200-day simple moving average of $74.56. Xcel Energy Inc. has a 1-year low of $62.58 and a 1-year high of $83.01.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.08). Xcel Energy had a return on equity of 10.45% and a net margin of 13.46%.The business had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter in the previous year, the company posted $1.25 earnings per share. The company’s revenue was up 7.4% on a year-over-year basis. On average, analysts expect that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 20th. Shareholders of record on Monday, December 29th will be given a $0.57 dividend. The ex-dividend date of this dividend is Monday, December 29th. This represents a $2.28 dividend on an annualized basis and a yield of 3.1%. Xcel Energy’s dividend payout ratio is presently 69.51%.

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.