PBU The Pension Fund of Early Childhood & Youth Educators Takes $8.56 Million Position in Xcel Energy Inc. $XEL

PBU The Pension Fund of Early Childhood & Youth Educators acquired a new stake in shares of Xcel Energy Inc. (NASDAQ:XEL) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 115,891 shares of the company’s stock, valued at approximately $8,560,000.

Other hedge funds have also recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC purchased a new stake in Xcel Energy during the third quarter valued at approximately $27,000. Abound Wealth Management increased its holdings in Xcel Energy by 394.5% during the fourth quarter. Abound Wealth Management now owns 361 shares of the company’s stock valued at $27,000 after buying an additional 288 shares during the last quarter. Beacon Financial Strategies CORP purchased a new stake in Xcel Energy during the fourth quarter valued at approximately $33,000. Collier Financial purchased a new stake in Xcel Energy during the third quarter valued at approximately $38,000. Finally, Pittenger & Anderson Inc. increased its holdings in Xcel Energy by 73.8% during the fourth quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock valued at $35,000 after buying an additional 200 shares during the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on XEL. Evercore reaffirmed an “outperform” rating and set a $96.00 target price on shares of Xcel Energy in a report on Monday, May 4th. Argus set a $86.00 target price on shares of Xcel Energy in a report on Thursday, March 12th. JPMorgan Chase & Co. reduced their target price on shares of Xcel Energy from $94.00 to $91.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Morgan Stanley set a $87.00 target price on shares of Xcel Energy in a report on Thursday, May 21st. Finally, Truist Financial reduced their target price on shares of Xcel Energy from $95.00 to $92.00 and set a “buy” rating for the company in a report on Monday, May 18th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned 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 Stock Performance

XEL opened at $79.04 on Friday. The firm has a market cap of $49.34 billion, a P/E ratio of 22.78, a PEG ratio of 2.05 and a beta of 0.39. Xcel Energy Inc. has a 1-year low of $65.21 and a 1-year high of $84.23. The company has a 50 day simple moving average of $79.81 and a two-hundred day simple moving average of $78.51. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.77 and a quick ratio of 0.68.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.91 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.91. The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.21 billion. Xcel Energy had a net margin of 14.14% and a return on equity of 10.37%. The company’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.84 earnings per share. Equities analysts forecast that Xcel Energy Inc. will post 4.11 earnings per share for the current fiscal year.

Xcel Energy Announces Dividend

The company also recently declared 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. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Monday, June 15th. Xcel Energy’s dividend payout ratio is presently 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.