Xcel Energy Inc. (NASDAQ:XEL) Shares Acquired by Sei Investments Co.

Sei Investments Co. increased its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 18.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 908,388 shares of the company’s stock after acquiring an additional 144,325 shares during the period. Sei Investments Co. owned about 0.16% of Xcel Energy worth $48,517,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its stake 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 worth $405,955,000 after purchasing an additional 6,684,499 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Xcel Energy by 1.8% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,186,101 shares of the company’s stock worth $223,264,000 after acquiring an additional 74,690 shares during the period. Federated Hermes Inc. boosted its stake in shares of 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 in the last quarter. American Century Companies Inc. grew its position 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 valued at $111,325,000 after acquiring an additional 1,179,823 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Xcel Energy by 10.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,854,333 shares of the company’s stock valued at $99,046,000 after purchasing an additional 174,653 shares in the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. KeyCorp increased their price target on Xcel Energy from $65.00 to $66.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Morgan Stanley lifted their price target on shares of Xcel Energy from $62.00 to $68.00 and gave the company an “equal weight” rating in a research note on Friday, August 23rd. Wells Fargo & Company boosted their price target on shares of Xcel Energy from $57.00 to $63.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. Jefferies Financial Group began coverage on shares of Xcel Energy in a report on Thursday. They set a “hold” rating and a $70.00 price objective on the stock. Finally, UBS Group boosted their target price on shares of Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a research note on Friday. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $63.79.

Xcel Energy Trading Up 0.1 %

Shares of Xcel Energy stock opened at $64.13 on Monday. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.97 and a quick ratio of 0.86. The stock’s 50 day simple moving average is $59.89 and its 200-day simple moving average is $55.96. The stock has a market cap of $35.63 billion, a P/E ratio of 19.26, a P/E/G ratio of 2.81 and a beta of 0.38. Xcel Energy Inc. has a 1-year low of $46.79 and a 1-year high of $64.95.

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

Xcel Energy Increases Dividend

The company also recently announced 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. The ex-dividend date is Friday, September 13th. This is an increase from Xcel Energy’s previous quarterly dividend of $0.55. This represents a $2.19 dividend on an annualized basis and a yield of 3.42%. Xcel Energy’s payout ratio is 65.77%.

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.