Pinebridge Investments LLC Acquires New Shares in Xcel Energy Inc. $XEL

Pinebridge Investments LLC acquired a new stake in Xcel Energy Inc. (NASDAQ:XEL) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 25,149 shares of the company’s stock, valued at approximately $1,858,000.

Several other large investors have also bought and sold shares of XEL. Brighton Jones LLC acquired a new stake in shares of Xcel Energy during the fourth quarter valued at about $240,000. Empowered Funds LLC boosted its stake in shares of Xcel Energy by 30.7% during the first quarter. Empowered Funds LLC now owns 13,810 shares of the company’s stock valued at $978,000 after purchasing an additional 3,242 shares in the last quarter. Woodline Partners LP boosted its stake in shares of Xcel Energy by 40.7% during the first quarter. Woodline Partners LP now owns 48,515 shares of the company’s stock valued at $3,434,000 after purchasing an additional 14,029 shares in the last quarter. Brown Advisory Inc. boosted its stake in shares of Xcel Energy by 4.8% during the second quarter. Brown Advisory Inc. now owns 10,193 shares of the company’s stock valued at $694,000 after purchasing an additional 469 shares in the last quarter. Finally, Cary Street Partners Financial LLC boosted its stake in shares of Xcel Energy by 16.0% during the second 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 in the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

XEL has been the subject of a number of analyst reports. KeyCorp restated an “overweight” rating on shares of Xcel Energy in a research report on Monday. Wall Street Zen downgraded Xcel Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Argus set a $86.00 price objective on Xcel Energy in a research report on Thursday, March 12th. Evercore restated an “outperform” rating and set a $96.00 price objective on shares of Xcel Energy in a research report on Monday, May 4th. Finally, Morgan Stanley set a $87.00 price objective on Xcel Energy in a research report on Thursday, May 21st. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Xcel Energy currently has a consensus rating of “Buy” and a consensus target price of $90.63.

Xcel Energy Trading Down 1.8%

Shares of Xcel Energy stock opened at $77.62 on Tuesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.68 and a current ratio of 0.77. Xcel Energy Inc. has a 52 week low of $65.21 and a 52 week high of $84.23. The stock has a 50 day moving average price of $79.80 and a two-hundred day moving average price of $78.47. The stock has a market capitalization of $48.46 billion, a PE ratio of 22.37, a price-to-earnings-growth ratio of 2.05 and a beta of 0.39.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.91 EPS for the quarter, meeting analysts’ consensus estimates of $0.91. The firm had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.21 billion. Xcel Energy had a return on equity of 10.37% and a net margin of 14.14%.The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.84 earnings per share. As a group, equities analysts anticipate that Xcel Energy Inc. will post 4.11 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, June 15th will be given a $0.5925 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.37 annualized dividend and a yield of 3.1%. Xcel Energy’s payout ratio is currently 68.30%.

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.