Xcel Energy Inc. $XEL Shares Bought by Cohen & Steers Inc.

Cohen & Steers Inc. lifted its stake in Xcel Energy Inc. (NASDAQ:XEL) by 3.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,138,406 shares of the company’s stock after acquiring an additional 35,010 shares during the period. Cohen & Steers Inc.’s holdings in Xcel Energy were worth $84,083,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Xcel Energy in the 3rd quarter worth approximately $27,000. Abound Wealth Management lifted its stake in 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 acquired a new stake in Xcel Energy during the fourth quarter valued at approximately $33,000. Pittenger & Anderson Inc. lifted its stake in 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, Advocate Investing Services LLC acquired a new stake in Xcel Energy during the fourth quarter valued at approximately $38,000. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Stock Up 1.2%

XEL stock opened at $79.22 on Friday. Xcel Energy Inc. has a 12 month low of $65.21 and a 12 month high of $84.23. The firm has a market cap of $49.45 billion, a PE ratio of 22.83, a P/E/G ratio of 2.03 and a beta of 0.39. The firm has a 50 day simple moving average of $79.74 and a 200 day simple moving average of $78.44. 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 (NASDAQ:XEL) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.91 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.91. Xcel Energy had a net margin of 14.14% and a return on equity of 10.37%. The business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.21 billion. During the same quarter in the previous year, the business earned $0.84 earnings per share. The firm’s revenue was up 2.9% compared to the same quarter last year. Equities research analysts forecast that Xcel Energy Inc. will post 4.11 earnings per share for the current fiscal year.

Xcel Energy Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently commented on XEL shares. UBS Group increased their target price on shares of Xcel Energy from $89.00 to $91.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Morgan Stanley set a $87.00 target price 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 note on Monday. JPMorgan Chase & Co. cut their target price on shares of Xcel Energy from $94.00 to $91.00 and set an “overweight” rating for the company in a research note on Thursday, May 14th. Finally, Truist Financial cut their target price on shares of Xcel Energy from $95.00 to $92.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Three 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. According to data from MarketBeat, Xcel Energy has a consensus rating of “Buy” and a consensus price target of $90.63.

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.