Geode Capital Management LLC Increases Stock Holdings in Xcel Energy Inc. $XEL

Geode Capital Management LLC increased its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,496,124 shares of the company’s stock after buying an additional 126,498 shares during the period. Geode Capital Management LLC’s holdings in Xcel Energy were worth $1,214,035,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in XEL. Vermillion & White Wealth Management Group LLC purchased a new position in shares of Xcel Energy during the 3rd quarter valued at approximately $27,000. Abound Wealth Management lifted its position in shares of Xcel Energy by 394.5% during the 4th quarter. Abound Wealth Management now owns 361 shares of the company’s stock valued at $27,000 after buying an additional 288 shares in the last quarter. Beacon Financial Strategies CORP purchased a new position in shares of Xcel Energy during the 4th quarter valued at approximately $33,000. Pittenger & Anderson Inc. lifted its position in shares of Xcel Energy by 73.8% during the 4th quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock valued at $35,000 after buying an additional 200 shares in the last quarter. Finally, Collier Financial purchased a new position in shares of Xcel Energy during the 3rd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Up 0.3%

Shares of NASDAQ:XEL opened at $79.50 on Friday. The business has a 50-day moving average price of $79.82 and a 200 day moving average price of $78.61. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $49.63 billion, a price-to-earnings ratio of 22.91, a PEG ratio of 2.06 and a beta of 0.41. Xcel Energy Inc. has a 12-month low of $65.21 and a 12-month high of $84.23.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.91 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.91. The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.21 billion. Xcel Energy had a return on equity of 10.37% and a net margin of 14.14%.The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the company earned $0.84 EPS. Sell-side analysts expect that Xcel Energy Inc. will post 4.11 EPS for the current year.

Xcel Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, June 15th will be given a dividend of $0.5925 per share. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, June 15th. Xcel Energy’s dividend payout ratio (DPR) is presently 68.30%.

Analyst Ratings Changes

XEL has been the topic of a number of recent analyst reports. Barclays decreased their target price on Xcel Energy from $91.00 to $87.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th. Truist Financial decreased their price objective on Xcel Energy from $95.00 to $92.00 and set a “buy” rating on the stock in a report on Monday, May 18th. UBS Group raised their price objective on Xcel Energy from $89.00 to $91.00 and gave the company a “buy” rating in a report on Monday, April 20th. JPMorgan Chase & Co. decreased their price objective on Xcel Energy from $94.00 to $91.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Finally, Wall Street Zen lowered Xcel Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $90.63.

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.