122,828 Shares in Xcel Energy Inc. $XEL Bought by Heartland Advisors Inc.

Heartland Advisors Inc. bought a new position in shares of Xcel Energy Inc. (NASDAQ:XEL) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 122,828 shares of the company’s stock, valued at approximately $9,863,000.

A number of other institutional investors have also recently made changes to their positions in XEL. Brighton Jones LLC bought a new stake in Xcel Energy in the fourth quarter valued at approximately $240,000. Empowered Funds LLC raised its holdings in Xcel Energy by 30.7% during the 1st quarter. Empowered Funds LLC now owns 13,810 shares of the company’s stock worth $978,000 after purchasing an additional 3,242 shares during the last quarter. Woodline Partners LP raised its holdings in Xcel Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 48,515 shares of the company’s stock worth $3,434,000 after purchasing an additional 14,029 shares during the last quarter. Brown Advisory Inc. lifted its position in shares of Xcel Energy by 4.8% in the 2nd quarter. Brown Advisory Inc. now owns 10,193 shares of the company’s stock worth $694,000 after purchasing an additional 469 shares during the period. Finally, Cary Street Partners Financial LLC boosted its stake in shares of Xcel Energy by 16.0% in the 2nd quarter. Cary Street Partners Financial LLC now owns 2,620 shares of the company’s stock valued at $178,000 after purchasing an additional 362 shares during the last quarter. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Trading Down 3.1%

NASDAQ:XEL opened at $76.30 on Friday. Xcel Energy Inc. has a 12 month low of $71.29 and a 12 month high of $84.23. The company has a current ratio of 0.70, a quick ratio of 0.62 and a debt-to-equity ratio of 1.49. The stock has a market capitalization of $47.66 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 2.05 and a beta of 0.39. The firm has a fifty day simple moving average of $79.35 and a two-hundred day simple moving average of $79.70.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.93 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $3.54 billion. During the same quarter in the prior year, the firm earned $1.59 EPS. The business’s revenue was down 5.1% on a year-over-year basis. Analysts expect that Xcel Energy Inc. will post 4.11 EPS for the current fiscal year.

Xcel Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Tuesday, September 15th will be paid a $0.5925 dividend. This represents a $2.37 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, September 15th. Xcel Energy’s dividend payout ratio (DPR) is 64.93%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on XEL shares. Truist Financial lowered their target price on shares of Xcel Energy from $94.00 to $88.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. New Street Research set a $91.00 price target on Xcel Energy in a report on Tuesday, June 23rd. Evercore reissued an “outperform” rating and issued a $96.00 price objective on shares of Xcel Energy in a research report on Monday, May 4th. JPMorgan Chase & Co. boosted their price objective on Xcel Energy from $91.00 to $102.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Finally, Mizuho set a $92.00 target price on Xcel Energy in a research report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $92.41.

Xcel Energy Company 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.