Dimensional Fund Advisors LP Has $99.05 Million Stock Holdings in Xcel Energy Inc. (NASDAQ:XEL)

Dimensional Fund Advisors LP grew its position in Xcel Energy Inc. (NASDAQ:XEL) by 10.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,854,333 shares of the company’s stock after buying an additional 174,653 shares during the period. Dimensional Fund Advisors LP owned approximately 0.33% of Xcel Energy worth $99,046,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its stake in Xcel Energy by 770.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,552,625 shares of the company’s stock valued at $405,955,000 after buying an additional 6,684,499 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Xcel Energy by 1.8% during 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. lifted its position in Xcel Energy by 120.2% in the 2nd quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company’s stock valued at $127,095,000 after acquiring an additional 1,299,025 shares in the last quarter. American Century Companies Inc. boosted its stake in Xcel Energy by 130.4% in 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, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Xcel Energy by 2.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,625,530 shares of the company’s stock worth $87,372,000 after purchasing an additional 38,653 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on XEL shares. KeyCorp boosted their price target on Xcel Energy from $65.00 to $66.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Morgan Stanley upped their price target on Xcel Energy from $62.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Friday, August 23rd. Jefferies Financial Group started coverage on shares of Xcel Energy in a report on Thursday, September 19th. They issued a “hold” rating and a $70.00 price objective on the stock. Wells Fargo & Company increased their target price 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. Finally, UBS Group lifted 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, September 20th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Xcel Energy currently has an average rating of “Hold” and a consensus target price of $63.79.

Xcel Energy Price Performance

NASDAQ:XEL opened at $64.17 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.97 and a debt-to-equity ratio of 1.54. Xcel Energy Inc. has a 12-month low of $46.79 and a 12-month high of $64.95. The stock’s 50 day moving average price is $60.31 and its two-hundred day moving average price is $56.15. The firm has a market capitalization of $35.66 billion, a price-to-earnings ratio of 19.27, a P/E/G ratio of 2.81 and a beta of 0.38.

Xcel Energy (NASDAQ:XEL) last announced its quarterly 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 business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same period in the prior year, the business earned $0.52 EPS. The company’s revenue for the quarter was up .2% compared to the same quarter last year. On average, analysts anticipate that Xcel Energy Inc. will post 3.55 earnings per share for the current year.

Xcel Energy Increases Dividend

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

Xcel Energy 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.