O Shaughnessy Asset Management LLC Purchases 9,670 Shares of Xcel Energy Inc. $XEL

O Shaughnessy Asset Management LLC lifted its position in Xcel Energy Inc. (NASDAQ:XEL) by 7.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 134,622 shares of the company’s stock after acquiring an additional 9,670 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Xcel Energy were worth $9,943,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC lifted its holdings in shares of Xcel Energy by 1.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 7,358 shares of the company’s stock worth $593,000 after acquiring an additional 125 shares during the last quarter. TIAA Trust National Association increased its stake in Xcel Energy by 1.0% in the 3rd quarter. TIAA Trust National Association now owns 12,683 shares of the company’s stock worth $1,022,000 after buying an additional 126 shares during the period. Bleakley Financial Group LLC increased its stake in Xcel Energy by 0.5% in the 4th quarter. Bleakley Financial Group LLC now owns 28,949 shares of the company’s stock worth $2,138,000 after buying an additional 131 shares during the period. Hills Bank & Trust Co increased its stake in Xcel Energy by 2.2% in the 4th quarter. Hills Bank & Trust Co now owns 6,184 shares of the company’s stock worth $457,000 after buying an additional 133 shares during the period. Finally, Intrust Bank NA increased its stake in Xcel Energy by 1.3% in the 3rd quarter. Intrust Bank NA now owns 11,360 shares of the company’s stock worth $916,000 after buying an additional 142 shares during the period. Institutional investors own 78.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on XEL. Wall Street Zen downgraded shares of Xcel Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Morgan Stanley set a $87.00 price target on shares of Xcel Energy in a research note on Thursday, May 21st. KeyCorp reissued an “overweight” rating on shares of Xcel Energy in a research report on Monday. Truist Financial cut their target price on shares of Xcel Energy from $95.00 to $92.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Finally, Evercore reissued an “outperform” rating and set a $96.00 target price on shares of Xcel Energy in a research report on Monday, May 4th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $90.63.

Xcel Energy Price Performance

Shares of XEL opened at $78.10 on Thursday. The company has a market cap of $48.76 billion, a price-to-earnings ratio of 22.51, a price-to-earnings-growth ratio of 2.02 and a beta of 0.39. Xcel Energy Inc. has a twelve month low of $65.21 and a twelve month high of $84.23. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.45. The company has a 50 day moving average of $79.78 and a two-hundred day moving average of $78.44.

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

Xcel Energy Announces Dividend

The business 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 dividend of $0.5925 per share. This represents a $2.37 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Monday, June 15th. Xcel Energy’s payout ratio is currently 68.30%.

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.