Xcel Energy Inc. $XEL Holdings Lifted by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC boosted its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 25.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 95,287 shares of the company’s stock after buying an additional 19,196 shares during the period. Xcel Energy makes up about 1.1% of Oliver Luxxe Assets LLC’s holdings, making the stock its 29th biggest position. Oliver Luxxe Assets LLC’s holdings in Xcel Energy were worth $7,652,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of XEL. Brighton Jones LLC purchased a new position in Xcel Energy during the 4th quarter valued at about $240,000. Empowered Funds LLC lifted its position in shares of Xcel Energy by 30.7% in the first quarter. Empowered Funds LLC now owns 13,810 shares of the company’s stock worth $978,000 after purchasing an additional 3,242 shares in the last quarter. Woodline Partners LP boosted its holdings 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 worth $3,434,000 after purchasing an additional 14,029 shares during the period. Brown Advisory Inc. boosted its holdings 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 worth $694,000 after purchasing an additional 469 shares during the period. Finally, Cary Street Partners Financial LLC grew its position in 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 hedge funds and other institutional investors.

Analyst Ratings Changes

XEL has been the topic of several research reports. Barclays upped their price objective on shares of Xcel Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. BTIG Research restated a “buy” rating and set a $99.00 price target on shares of Xcel Energy in a report on Friday, July 31st. Mizuho set a $92.00 price target on shares of Xcel Energy in a research note on Friday, July 31st. Jefferies Financial Group set a $101.00 price objective on Xcel Energy in a report on Tuesday, July 7th. Finally, Evercore reissued an “outperform” rating and set a $96.00 price objective on shares of Xcel Energy in a research report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $92.76.

Xcel Energy Trading Up 1.4%

Shares of NASDAQ:XEL opened at $78.07 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.62 and a debt-to-equity ratio of 1.49. The stock has a market capitalization of $48.76 billion, a PE ratio of 21.39, a P/E/G ratio of 2.03 and a beta of 0.39. Xcel Energy Inc. has a 1 year low of $69.16 and a 1 year high of $84.23. The firm has a fifty day moving average price of $79.26 and a 200 day moving average price of $79.52.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Thursday, July 30th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.14. Xcel Energy had a return on equity of 10.65% and a net margin of 15.28%.The company had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same period last year, the company earned $1.59 earnings per share. The business’s revenue was down 5.1% compared to the same quarter last year. Analysts expect that Xcel Energy Inc. will post 4.11 EPS for the current fiscal year.

Xcel Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Tuesday, September 15th will be paid 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 of this dividend is Tuesday, September 15th. Xcel Energy’s dividend payout ratio (DPR) is presently 64.93%.

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.