Xcel Energy Inc. (NASDAQ:XEL) Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC boosted its stake in Xcel Energy Inc. (NASDAQ:XEL) by 11.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,434 shares of the company’s stock after buying an additional 3,963 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Xcel Energy were worth $2,104,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD boosted its position in shares of Xcel Energy by 770.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,552,625 shares of the company’s stock valued at $405,955,000 after purchasing an additional 6,684,499 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new position in Xcel Energy during the first quarter valued at approximately $80,283,000. Federated Hermes Inc. lifted its position in Xcel Energy by 120.2% during the 2nd quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company’s stock worth $127,095,000 after acquiring an additional 1,299,025 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Xcel Energy by 130.4% during the 2nd quarter. American Century Companies Inc. now owns 2,084,345 shares of the company’s stock worth $111,325,000 after purchasing an additional 1,179,823 shares during the period. Finally, Zimmer Partners LP increased its stake in Xcel Energy by 1,765.0% in the first quarter. Zimmer Partners LP now owns 932,505 shares of the company’s stock valued at $50,122,000 after acquiring an additional 882,505 shares during the period. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Trading Up 0.1 %

Shares of Xcel Energy stock opened at $64.13 on Friday. The firm has a market capitalization of $35.63 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 2.81 and a beta of 0.38. The company has a current ratio of 0.97, a quick ratio of 0.86 and a debt-to-equity ratio of 1.54. The firm’s 50 day moving average is $59.89 and its 200 day moving average is $55.85. Xcel Energy Inc. has a 1 year low of $46.79 and a 1 year high of $64.95.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Thursday, August 1st. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.03). The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.29 billion. Xcel Energy had a return on equity of 10.94% and a net margin of 13.46%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share. Equities research analysts forecast that Xcel Energy Inc. will post 3.55 earnings per share for the current fiscal year.

Xcel Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, October 20th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.548 per share. This represents a $2.19 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Friday, September 13th. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.55. Xcel Energy’s payout ratio is 65.77%.

Wall Street Analyst Weigh In

XEL has been the topic of several analyst reports. Morgan Stanley increased their price objective on shares of Xcel Energy from $62.00 to $68.00 and gave the company an “equal weight” rating in a report on Friday, August 23rd. Wells Fargo & Company raised their target price on shares of Xcel Energy from $57.00 to $63.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. UBS Group increased their price target on shares of Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday. Jefferies Financial Group initiated coverage on shares of Xcel Energy in a research note on Thursday. They set a “hold” rating and a $70.00 target price for the company. Finally, Argus upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research note on Monday, August 26th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $63.79.

Xcel Energy Company Profile

Xcel Energy Inc, through its subsidiaries, engages in the generation, purchasing, transmission, distribution, and sale of electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through wind, nuclear, hydroelectric, biomass, and solar energy sources, as well as coal, natural gas, oil, wood, and refuse-derived fuels.