Tema Etfs LLC Boosts Holdings in Xcel Energy Inc. $XEL

Tema Etfs LLC grew its position in Xcel Energy Inc. (NASDAQ:XEL) by 74.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 95,210 shares of the company’s stock after purchasing an additional 40,716 shares during the quarter. Tema Etfs LLC’s holdings in Xcel Energy were worth $7,032,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. ORG Partners LLC boosted its position in shares of Xcel Energy by 168.4% in the 3rd quarter. ORG Partners LLC now owns 314 shares of the company’s stock worth $25,000 after purchasing an additional 197 shares in the last quarter. Vermillion & White Wealth Management Group LLC purchased a new position in Xcel Energy during the 3rd quarter worth $27,000. Twin Peaks Wealth Advisors LLC acquired a new position in Xcel Energy during the 2nd quarter valued at about $25,000. Abound Wealth Management raised its stake in Xcel Energy by 394.5% in the fourth quarter. Abound Wealth Management now owns 361 shares of the company’s stock valued at $27,000 after buying an additional 288 shares during the last quarter. Finally, First Command Advisory Services Inc. purchased a new stake in Xcel Energy in the third quarter valued at about $32,000. 78.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on XEL shares. Barclays lowered their price target on Xcel Energy from $85.00 to $82.00 and set an “overweight” rating for the company in a report on Thursday, January 15th. Weiss Ratings raised shares of Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 20th. Morgan Stanley set a $91.00 target price on shares of Xcel Energy in a research note on Friday, February 20th. Royal Bank Of Canada reissued an “outperform” rating and set a $95.00 target price on shares of Xcel Energy in a research report on Friday, January 23rd. Finally, BTIG Research set a $94.00 price target on shares of Xcel Energy in a research note on Friday, January 30th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Xcel Energy currently has an average rating of “Buy” and an average price target of $88.44.

Xcel Energy Stock Up 0.3%

Xcel Energy stock opened at $79.71 on Thursday. The business’s 50-day simple moving average is $79.46 and its two-hundred day simple moving average is $78.32. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.60 and a current ratio of 0.71. The company has a market cap of $49.73 billion, a PE ratio of 23.31, a PEG ratio of 2.17 and a beta of 0.43. Xcel Energy Inc. has a fifty-two week low of $65.21 and a fifty-two week high of $84.23.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.96. Xcel Energy had a return on equity of 10.46% and a net margin of 13.76%.The firm had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same period last year, the business posted $0.81 earnings per share. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. Equities analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current year.

Xcel Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 20th. Shareholders of record on Friday, March 13th will be given a dividend of $0.5925 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.37 dividend on an annualized basis and a yield of 3.0%. This is a boost from Xcel Energy’s previous quarterly dividend of $0.57. Xcel Energy’s payout ratio is 69.30%.

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.