Nykredit A S Takes $4.44 Million Position in Xcel Energy Inc. $XEL

Nykredit A S bought a new position in shares of Xcel Energy Inc. (NASDAQ:XEL) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 55,338 shares of the company’s stock, valued at approximately $4,444,000.

A number of other large investors also recently modified their holdings of the company. B. Metzler seel. Sohn & Co. AG increased its stake in Xcel Energy by 7.3% during the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 29,270 shares of the company’s stock valued at $2,350,000 after purchasing an additional 1,985 shares in the last quarter. Symphony Financial Ltd. Co. acquired a new position in shares of Xcel Energy during the second quarter valued at about $226,000. Midwest Professional Planners LTD. grew its holdings in shares of Xcel Energy by 13.3% during the second quarter. Midwest Professional Planners LTD. now owns 15,437 shares of the company’s stock valued at $1,240,000 after buying an additional 1,816 shares during the last quarter. Gill Capital Partners LLC bought a new stake in shares of Xcel Energy during the second quarter worth about $42,000. Finally, BTG Pactual Asset Management US LLC increased its position in shares of Xcel Energy by 45.4% during the second quarter. BTG Pactual Asset Management US LLC now owns 196,478 shares of the company’s stock worth $15,777,000 after acquiring an additional 61,314 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

XEL has been the topic of a number of analyst reports. KeyCorp restated an “overweight” rating on shares of Xcel Energy in a report on Monday, June 8th. Truist Financial cut their price target on Xcel Energy from $94.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. Barclays boosted their price objective on Xcel Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of Xcel Energy in a research note on Wednesday, June 17th. Finally, BTIG Research restated a “buy” rating and issued a $99.00 target price on shares of Xcel Energy in a report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $92.41.

Xcel Energy Stock Performance

NASDAQ XEL opened at $75.72 on Monday. The company has a fifty day moving average price of $78.74 and a 200-day moving average price of $79.64. The firm has a market cap of $47.30 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 2.56 and a beta of 0.39. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.70 and a quick ratio of 0.62. Xcel Energy Inc. has a 1 year low of $71.29 and a 1 year high of $84.23.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.14. Xcel Energy had a net margin of 15.28% and a return on equity of 10.65%. The company had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same period last year, the firm earned $1.59 earnings per share. The firm’s revenue was down 5.1% on a year-over-year basis. As a group, equities 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 Tuesday, October 20th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.5925 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.37 annualized dividend and a dividend yield of 3.1%. Xcel Energy’s dividend payout ratio (DPR) is currently 64.93%.

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.