Xcel Energy Inc. $XEL Shares Purchased by Vestcor Inc

Vestcor Inc raised its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 64.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 101,926 shares of the company’s stock after buying an additional 40,133 shares during the period. Vestcor Inc’s holdings in Xcel Energy were worth $7,528,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of XEL. Vanguard Group Inc. raised its position in shares of Xcel Energy by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 76,725,720 shares of the company’s stock worth $6,187,929,000 after acquiring an additional 2,001,018 shares in the last quarter. Cibc World Market Inc. bought a new position in shares of Xcel Energy in the 3rd quarter worth about $6,994,000. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Xcel Energy by 86.6% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 41,406 shares of the company’s stock worth $3,339,000 after acquiring an additional 19,214 shares in the last quarter. USA Financial Formulas raised its position in shares of Xcel Energy by 491.3% in the 4th quarter. USA Financial Formulas now owns 21,435 shares of the company’s stock worth $1,583,000 after acquiring an additional 17,810 shares in the last quarter. Finally, Citigroup Inc. grew its stake in shares of Xcel Energy by 135.3% in the 3rd quarter. Citigroup Inc. now owns 2,017,717 shares of the company’s stock valued at $162,729,000 after buying an additional 1,160,205 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on XEL shares. Morgan Stanley set a $87.00 target price on Xcel Energy in a research note on Thursday, May 21st. Truist Financial reduced their target price on Xcel Energy from $95.00 to $92.00 and set a “buy” rating for the company in a research note on Monday, May 18th. KeyCorp raised their target price on Xcel Energy from $89.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Argus set a $86.00 target price on Xcel Energy in a research note on Thursday, March 12th. Finally, Wall Street Zen downgraded Xcel Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $90.63.

Xcel Energy Price Performance

XEL stock opened at $79.04 on Friday. The company has a market capitalization of $49.34 billion, a P/E ratio of 22.78, a price-to-earnings-growth ratio of 2.02 and a beta of 0.39. 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 business has a 50-day simple moving average of $79.81 and a two-hundred day simple moving average of $78.51.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.91 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.91. The business 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 quarter in the previous year, the business earned $0.84 EPS. Research analysts expect that Xcel Energy Inc. will post 4.11 EPS for the current fiscal year.

Xcel Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.5925 per share. The ex-dividend date is Monday, June 15th. This represents a $2.37 dividend on an annualized basis and a yield of 3.0%. Xcel Energy’s payout ratio is 68.30%.

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.