Xcel Energy Inc. $XEL Stake Boosted by TIAA Trust National Association

TIAA Trust National Association grew its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 1,324.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 180,669 shares of the company’s stock after purchasing an additional 167,986 shares during the quarter. TIAA Trust National Association’s holdings in Xcel Energy were worth $13,344,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC bought a new position in shares of Xcel Energy during the third quarter valued at approximately $27,000. Abound Wealth Management grew its holdings in shares of Xcel Energy by 394.5% during the fourth quarter. Abound Wealth Management now owns 361 shares of the company’s stock valued at $27,000 after purchasing an additional 288 shares during the last quarter. Beacon Financial Strategies CORP bought a new position in shares of Xcel Energy during the fourth quarter valued at approximately $33,000. Pittenger & Anderson Inc. grew its holdings in shares of Xcel Energy by 73.8% during the fourth quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock valued at $35,000 after purchasing an additional 200 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of Xcel Energy during the third quarter valued at approximately $42,000. 78.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

XEL has been the subject of several recent research reports. Wall Street Zen lowered Xcel Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Evercore reissued an “outperform” rating and issued a $96.00 price objective on shares of Xcel Energy in a report on Monday, May 4th. Truist Financial decreased their price objective on Xcel Energy from $95.00 to $92.00 and set a “buy” rating for the company in a report on Monday, May 18th. JPMorgan Chase & Co. decreased their price objective on Xcel Energy from $94.00 to $91.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Finally, UBS Group increased their price objective on Xcel Energy from $89.00 to $91.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Xcel Energy has an average rating of “Buy” and a consensus price target of $90.63.

Xcel Energy Stock Performance

XEL opened at $77.87 on Wednesday. The company has a market capitalization of $48.61 billion, a price-to-earnings ratio of 22.44, a price-to-earnings-growth ratio of 2.02 and a beta of 0.39. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.77 and a quick ratio of 0.68. Xcel Energy Inc. has a 1-year low of $65.21 and a 1-year high of $84.23. The business has a 50 day moving average price of $79.80 and a two-hundred day moving average price of $78.45.

Xcel Energy (NASDAQ:XEL) last released its earnings results on Wednesday, April 29th. The company reported $0.91 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.91. The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.21 billion. Xcel Energy had a return on equity of 10.37% and a net margin of 14.14%.The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.84 earnings per share. Research analysts predict that Xcel Energy Inc. will post 4.11 EPS for the current fiscal year.

Xcel Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, June 15th will be given a $0.5925 dividend. This represents a $2.37 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Monday, June 15th. Xcel Energy’s dividend payout ratio is 68.30%.

About Xcel Energy

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.